City of Charlotte: Revenues and Funding

Paper Summary:

This paper discusses the revenues and funding for the city of Charlotte. It discusses the sources of the government's funding and then looks at why the proprietary funds for the city of Charlotte have deficits that have not supported the costs associated with those funds. The paper finally looks at the revenue policy and community values for the city of Charlotte.

Table of Contents:
Revenue: Governmental, Proprietary, and Fiduciary
Restrictions
Receipt of Revenues
Revenue Projections
Revenue Policy and Community Values
Conclusion

From the Paper:

"The research indicates that revenues for the city are used to support proprietary, governmental and fiduciary funds. In relation to proprietary and governmental funds, these revenues have not been sufficient over the long term to support all of the programs and services that the have been determined to be essential for the people of Charlotte. However, there has also bee a large growth in the diverse population of Charlotte, which has created additional revenues and provide for a surplus fund that is often used to balance the budget or address community need when appropriate. It is this surplus fund that could be used in part to provide for the MWDBE program, which would serve to support the diverse community that Charlotte views as integral to its continued growth."

Sample of Sources Used:

• Comprehensive annual financial report. (2006). City of Charlotte. Retrieved March 30, 2007, from http://www.charmeck.org/Departments/Finance+-+City/Publications/2006+CAFR.htm

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