“Budget” means a plan in dollars and cents that provides for the allocation of the financial resources of the Tribal Government or tribal enterprise. Budgets provide projections of both revenues and expenditures based on historical data and reasonable assumptions for a fiscal year. Budgets shall contain accompanying narratives and line-item appropriations, or any amendments thereof, approved by a majority of the Tribal Council acting at a duly called meeting at which quorum is present.

“Capital expense” means the purchase of furniture, equipment, vehicles, or facilities with a price of five thousand dollars ($5,000.00) or more and a useful life of two (2) years or more.

“Capital project” means a long-term investment requiring relatively large sums to acquire, develop, improve, and/or maintain a capital asset, such as land, buildings, and roads.

“Enterprise financial statements” means an income statement, balance sheet, and cash flow statement, as required under generally accepted accounting principles, that report a tribal enterprise’s financial activities and results over a specific period of time or as of a specific date.

“Enterprise funds” means the funds used to account for the activities of the tribal enterprises, including the Gaming Authority.

“Entitlements” means disbursements payable out of a specific line item identified in the budget that must be paid even if the appropriated funds for the line item have been previously exhausted during the fiscal year due to usage beyond the budgeted estimate. Disbursements that exceed the established budget amount will not be subject to Section 1-202.

“Fiduciary funds” means funds used to account for assets held on behalf of outside parties, including other governments or individuals, in a fiduciary capacity.

“Fiscal year” means the period beginning on January 1 of any particular calendar year to December 31 of the same calendar year.

“Fund” means a separate accounting entity with a self-balancing set of accounts. Funds are classified into three (3) categories: governmental, enterprise and fiduciary. Each category, in turn, is divided into separate “fund types.”

“Gaming Authority” means the Wilton Rancheria Gaming Authority, a tribal enterprise established and chartered by Tribal Council Resolution No. 2019-31 to own and manage the Tribe’s gaming and related business activities.

“Good cause” means a cause or reason sufficient in law, misuse, fraud, misappropriation, or improper liability to the Tribe and its funds.

“Government financial statements” means the statement of net position, statement of activities, balance sheet and statement of revenues, expenditures and changes in fund balances, pursuant to Governmental Accounting Standards Board standards and presented in accordance with generally accepted accounting principles, that report the Tribal Government’s financial activities over a specific period of time or as of a specific date.

“Governmental funds” means funds used to account for all or most of the Tribal Government’s general activities, include the collection and disbursement of earmarked funds and the acquisition or construction of general fixed assets (capital project funds), the accumulation of resources to pay and retire debt (debt service funds) and the accumulation of invested assets for long-term revenue generation (permanent funds). The general fund is used to account for all activities of the Tribal Government not accounted for in another fund.

“Indirect costs” represent the expenses of doing business that are not readily identified with a particular grant, contract, project, or activity. An indirect cost is any general management cost incurred for a purpose benefiting more than one (1) cost objective, which is not readily assignable to the cost objectives benefited without effort disproportionate to the results achieved.

“Major budget modification” means any replacement, alteration, change or addition (such as receipt of a grant or contract) to a specific line item or department appropriation that exceeds ten percent (10%) of the appropriated budget.

“Minor budget modification” means an addition to or a transfer of obligated funds up to a maximum of ten percent (10%) from one (1) specific line item or department program in order to compensate for another specific line item or department program, within the same department, that has been overspent or is identified as a financial need prior to overspending.

“Tribal enterprise” means any commercial or business activity owned and controlled by the Tribe.

“Tribal Government” means the executive, legislative and judicial branches of the Wilton Rancheria. (Res. 2023-04 (Exh. A); Res. 2019-42; Res. 2018-04; Res. 2015-10)