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Calculate the common-size ratio for intergovernmental revenue for the City of Anywhere. (Intergovernmental revenue is money that the city receives from other governments, particularly state

Calculate the common-size ratio for intergovernmental revenuefor the City of Anywhere. (Intergovernmental revenue is money that the city receives from other governments, particularly state and federal grants.)

Formula: Common-Size Ratio = Line Item Amount / Total Amount

Revenues

Total Governmental Funds

Taxes

$ 6,868,449

Licenses and permits

$ 134,376

Intergovernmental

$ 10,942,515

Charges for services

$ 912,562

Fines

$ 142,143

Other

$ 664,381

Total revenues

$ 19,664,426

What does this ratio tell us? Do you find this value concerning?

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