In a fiscal year, a city collected $32.3 million in revenues. City spending for that year is expected to be nearly the same, with no tax increase projected.
Expenditure: Reserves 0.7%, capital outlay 29.7%, operating expenses 28.9%, debt service 3.2%, transfers 5.1%, and personal services 32.4%.
Revenues: Property taxes 10.2%, utility and franchise taxes 11.3%, licenses and permits 1%, inter-governmental revenue 10.1%, charges for services 28.2%, fines and forfeits 0.5%, interest and miscellaneous 2.7%, transfers and cash carryovers 36%.
(a) Construct bar graphs for expenditure and revenues and interpret.
(b) Construct pie charts for expenditure and revenues and interpret.