Newport Beach Budget Analysis

Paper Summary:

The paper explains that a public budget is influenced by a series of factors, including demographic, economic, social, military, historical or political factors. The paper relates that demographic factors, like population growth or demographic structure modification regarding age and socio-professional categories, determine the evolution of public expenditures and revenues. The paper therefore studies the demographic structure of Newport Beach. The paper provides the relevant statistics and highlights areas of growth and decline.

From the Paper:

"The main revenue sources are: property, sales, and transient occupancy taxes. Also, the General Fund is supported by: licenses, fees and permits, intergovernmental revenues, charges for services, fines, forfeitures and penalties, revenue from the use of money and property, contributions and other miscellaneous revenue. The most important revenue source for Newport Beach is represented by property taxes, followed by sales tax and then by transient occupancy tax. These three most important revenue sources are responsible for providing almost 73% of total General Fund revenues."

Sample of Sources Used:

• Profile of General Demographic Characteristics: 2000. U.S. Bureau of Census, Census 2000. Retrieved February 4, 2007 from http://www.city.newport-beach.ca.us/PLN/demo_main.htm.
• Profile of Selected Social Characteristics: 2000. U.S. Bureau of the Census, Census 2000. Retrieved February 4, 2007 from http://www.city.newport-beach.ca.us/PLN/demo_main.htm.
• Profile of Selected Economic Characteristics : 2000. U.S. Bureau of the Census, Census 2000. Retrieved February 5, 2007 from http://www.city.newport-beach.ca.us/PLN/demo_main.htm.
• Resource Allocation Plan 2006-2007. City of Newport Beach. Retrieved February 5, 2007 from http://www.city.newport-beach.ca.us/financialinfo/Budget/Budget.asp.
• Newport Beach, California (2007). Wikipedia, the free encyclopedia. Retrieved February 3, 2007 from http://en.wikipedia.org/wiki/Newport_Beach,_California

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