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Calculate the property tax revenue as a percentage of the total revenue in the governmental funds. What is the largest and second largest revenue sources
Calculate the property tax revenue as a percentage of the total revenue in the governmental funds. What is the largest and second largest revenue sources for the city's general fund. (City of Stockton CAFR 2016)
Note 16 Restricted Net Position At June 30, 2016, restricted net position consisted of the following Governmental Business -Type Activities Activities Totals Restricted: Captal projects 73,256,642 53.976.718 127.233.360 Debt service 3,026,724 5,109,534 641.012 3,667,736 5,109534 Loan programs Low and moderate-income housing Public safety 6,213.900 6213,900 4,215,698 4215.698 Street improvements Special assessment districts Fleet and equipment replacement Endowments and Bequests 13,768.837 13,768837 14.580,877 30,602.738 14,580,877 30,602,738 Nonexpendable Expendable Other purposes 372.879 372.879 48.322 48,322 1,890,701 1,890,701 153,086852 207,704,582 Total restricted S S 54,617,730 S Note 17-Subsequent Events A. Stockton Public Financing Authority- Revenue Bonds (Assessment and Special Tax District Refunding), Series 2016A On June 28, 2016, the City Council, on Resolution 2016-06-28-1501 through 15-06 and the Stockton Public Financing Authority, on Resolution PFA 2016-06-28-1501 authorized the actions necessary to refund the outstanding debt of nine assessment and special tax districts in the City. The Revenue Bonds ("Bonds"), in the amount of $33.350,000 are not obligations of the City and are funded solely through the collection of supplemental assessments on property tax bills on parcels in the respective districts. The Bonds closed on August 17, 2016, and carry an all in True Interest Cost (including all costs of the refunding) of 2.83 % with the payoff of the last district portion on September 2, 2037. The bonds received a rating of A- by S&P and are insured by Build America MutualStep by Step Solution
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