Question

1. The following table presents the general fund revenue sources of the city of Anaheim in fiscal year 2012. Calculate the percentage of each revenue source. What are the major revenue sources of the city of Anaheim? Each state and locality may use a different combination of taxes to fund government services and to encourage its economic development. Discuss the rationale of the current use of this mix if taxes for the city of Anaheim.

City of Anaheim
Statement of Revenues, Fiscal Year 2012
Revenues (in thousands)	Amount	Percent
Property taxes	58,220
Sales and use taxes	58,589
Transient occupancy taxes	90,376
ther taxes	6,401
Licenses, fees and permits	15,982
Intergovernmental revenues	2,788
Charges for services	13,110
Fines, forfeits and penalties	3,515
Use of money and property	2,916
Other	834
Total	252,731

Answer 1

	amount	percent
property taxes	58220	58220/252731=0.2303*100=23.03
sales and use taxes	58589	58589/252731=0.2318*100=23.18
transient occupancy taxes	90376	90376/252731=0.3575*100=35.75
other taxes	6401	6401/252731=0.0253*100=2.53
licenses, fees and permits	15982	15982/252731=0.0632*100=6.32
intergovernmental revenues	2788	2788/252731=00.011*100=1.1
chareges for services	13110	13110/252731=0.0518*100=5.18
fines, forfeits, penalties	3515	3515/252731=0.0139*100=1.39
use of money and property	2916	2916/252731=0.0115*100=1.15
other	834	834/252731=0.003*10=0.3

The major sources of taxes are :

Transient occupancy taxes

sales and use taxes

property taxes

For the city of Anaheim, this mix is appropriate because the city is well developed and high property value and also tourism is high.