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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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