586 PARKS 



their own governing bodies, the budgets of the sub-departments are gathered 

 together and compiled into one consolidated budget. 



When the total expenditure is tentatively agreed upon, the tax rate 

 is determined in the following manner: The difference between the total 

 expenditures and the miscellaneous receipts from revenue-producing activi- 

 ties and other sources is determined and from this difference is subtracted 

 the deficiency in annual tax collection which is an empirical percentage of 

 the total amount to be raised by taxation. This divided by the assessed 

 valuation gives the tax rate. 



Budget for revenue-producing activities. It is perfectly feasible to carry 

 the budget idea even into revenue-producing activities, such as the opera- 

 tion of refectories, golf links and boat docks, even as the budget procedure 

 is being adopted by manufacturing and merchandising concerns the coun- 

 try over. Here the question of revenue, which represents sales, is quite 

 frequently a goal and may be missed widely, but if proper and careful 

 analysis and planning are taken in its estimating, the goal is ordinarily 

 reasonably close to the budget estimate of income. The classification of 

 expenditures will probably have to be altered from the classification here- 

 tofore enumerated in order to be of service for managing purposes. However, 

 expenditures can be classified in accordance with the codes above mentioned 

 if required by the tax-reviewing body of city government, but unless reclas- 



