Financial Planning: City of Charlotte

Paper Summary:

This paper examines the financial planning and related public policy for the city of Charlotte, North Carolina. It provides a general outline of the city's budget, including expenditures, projects, funds, revenues and future spending plans.

Outline:
Expenditures, Encumbrances and Expenses
Capital Project, General, and Proprietary Funds
Analysis of Budget
Main Revenue Sources
Budgetary Levels
Long-range and Short-range Spending Plans
Largest Appropriations
Public policy: Short-range and Long-range

From the Paper:

"The main revenue sources for the city include taxes paid by business, taxes collected for property, licenses, transportation and tourism. Charlotte is one of the largest banking cities in the nation and is a central "hub" for many companies within the trucking industry. Additionally, Charlotte is home to three major professional sporting franchises and has a large manufacturing and construction base. Because Charlotte continues to grow significant with each passing year, the revenues from the growth associated with business are extensive. However, the growth of the city due to population also impacts the budget of the city and the funds that are required to operate many of the programs required to address the needs of the population."

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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