Explanation

Revenue is income received by the local council. We need to identify which items are sources of income versus expenditure.

Revenue items: Fines (₦5,000) – penalties collected from offenders. Allocation from state government (₦20,000) – funds received from the state. Tenement rates (₦10,000) – property taxes collected. Licences (₦12,000) – fees for permits and licenses issued.

Total Revenue = ₦5,000 + ₦20,000 + ₦10,000 + ₦12,000 = ₦47,000.

Hospital beds and ambulance are capital items (assets purchased). Salaries and vehicles fueling are expenditures (money spent). These are not revenue – they represent how money is spent, not how it is received. Revenue only includes money coming into the council.