The main sources of revenue for North Charleston for the governmental-type activates are charge for services for the general government, public safety, sanitation, and culture and recreation. The other main source for governmental-type activities is operating grants and contributions for public safety, culture and recreation, community development and promotion, and interest on long-term debt. Also, another revenue source for governmental-type activities are capital grants and contributions for the general government, public safety, and community development and promotion. The main sources of revenue for North Charleston for the business-type activities are charges for services for the golf course enterprise fund, and the stormwater utility
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On the fund basis revenues are recognized when they are measurable and available. The revenue is considered measurable when the amount of the transaction can be determined and available when they are collectible in the current period or soon after which is sixty-days after year end for the city. On the government-wide level revenues are recognized when earned and expenses are incurred when a liability is incurred, regardless of the timing of the related cash flows. The governmental fund balance sheet reports a deferred inflow of resources the most likely reason this amount has been deferred is that the city collected revenue for a future period and the city cannot record the revenue in the current period. North Charleston property tax rate is 95.0 mills. The real property taxes are assessed and collected by Charleston, Dorchester, and Berkley Counties. Real property taxes are due without penalty before January 16th. The interest and penalties begin accrue according to what county is collecting the property taxes. The property tax revenues increase by 89% over the last ten fiscal years (52,409,847/27,772,011)-1= 89%. While, the business license tax revenues increase by 63% over the last ten fiscal years (22,249,041/13,644,284)-1=63%. The increase in sales tax revenue over the last ten fiscal years was 15% (10,153,006/8,849,187)-1=15%. The revenue that North Charleston generates from traffic fines are reported in government-wide statements as associated with program revenues under public safety. The total fund balance in the general fund is $27,167,523 and of that $237,272 is nonspendable because it consists of prepaid items and inventory, $827,268 is restricted for other capital projects, $412,694 is committed for diasaster funds, $5,069,487 is assigned for education, boat landing, loans and other, and the rest $20,620,802 is
On the fund basis revenues are recognized when they are measurable and available. The revenue is considered measurable when the amount of the transaction can be determined and available when they are collectible in the current period or soon after which is sixty-days after year end for the city. On the government-wide level revenues are recognized when earned and expenses are incurred when a liability is incurred, regardless of the timing of the related cash flows. The governmental fund balance sheet reports a deferred inflow of resources the most likely reason this amount has been deferred is that the city collected revenue for a future period and the city cannot record the revenue in the current period. North Charleston property tax rate is 95.0 mills. The real property taxes are assessed and collected by Charleston, Dorchester, and Berkley Counties. Real property taxes are due without penalty before January 16th. The interest and penalties begin accrue according to what county is collecting the property taxes. The property tax revenues increase by 89% over the last ten fiscal years (52,409,847/27,772,011)-1= 89%. While, the business license tax revenues increase by 63% over the last ten fiscal years (22,249,041/13,644,284)-1=63%. The increase in sales tax revenue over the last ten fiscal years was 15% (10,153,006/8,849,187)-1=15%. The revenue that North Charleston generates from traffic fines are reported in government-wide statements as associated with program revenues under public safety. The total fund balance in the general fund is $27,167,523 and of that $237,272 is nonspendable because it consists of prepaid items and inventory, $827,268 is restricted for other capital projects, $412,694 is committed for diasaster funds, $5,069,487 is assigned for education, boat landing, loans and other, and the rest $20,620,802 is