Indianapolis-Marion County Revised Code § 181-401 Definitions.
Sec. 181-401. - Definitions.
As used in this article, the following terms shall have the meanings ascribed to them in this section:
(a) Zero-base budgeting: A process of justifying each budget consideration as to need and anticipated effective performance through cost/benefit analysis.
(b) Cost/benefit analysis: A process of justifying cost through an in-depth analysis of benefits to be derived from a given allocation of funds.
(c) Economic impact statement: A statement from the department official requesting funds, which specifies:
(1) The effect on revenues and expenditures;
(2) The resulting effect on revenues and expenditures of other political subdivisions;
(3) The effect on the tax levy and/or the respective fund;
(4) The potential effect on the rendering of services.
(d) Statement of goals and objectives: A comprehensive statement of accountability of program revenues and expenditures which detail the goals and objectives within established priorities.
(Code 1975, § 2-391)