Question 1 Report
Ifedapo Local Council has the following details for 2008
| # | |
| Fines | 5000 |
Allocation from state government |
20000 |
Tenement rates |
10000 |
Licences |
12000 |
Hospital beds |
8000 |
Ambulance |
13000 |
Salaries |
15000 |
Vehicles fueling |
7000 |
The Local Council's revenue for 2008 was
To determine the Local Council's revenue for 2008, we need to identify and sum up all the revenue-generating items. The revenue for the Ifedapo Local Council includes:
Add these amounts together to calculate the total revenue:
Total Revenue = Fines + Allocation from state government + Tenement rates + Licences
Total Revenue = #5,000 + #20,000 + #10,000 + #12,000
Total Revenue = #47,000
Note that amounts related to Hospital beds (#8,000), Ambulance (#13,000), Salaries (#15,000), and Vehicles fueling (#7,000) are not considered part of revenue as they represent expenses or services provided by the council.
Therefore, the Local Council's revenue for 2008 was #47,000.
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