The City of Alma has captured the following trend indicator information for five years. For a description of the indicators included, see Illustration 10€“3 in this chapter. 

Required
Use the information provided in Illustration 10€“3 to help answer the following.
a. In 2020 discuss whether each performance indicator is strong, average, or weak.
b. Discuss whether each indicator has improved or worsened over time.
c. Overall, what is your assessment of the financial performance of the City of Alma?
d. In addition to the financial information provided, what other financial and nonfinancial information would be helpful in assessing performance and why?

Transcribed Image Text:

Calculated Values for Each Year 2019 Indicator 2016 2020 2018 2017 Revenues over expenditures General Fund operating surplus/deficit General Fund balance Liquidity (quick ratio) Current liabilities Debt service 0.95 0.92 0.98 1.01 0.98 -4.4% -4.5% -4.9% -5.3% -7.2% 19.5% 1.95 19.2% 19.6% 18.1% 1.02 18.3% 0.89 2.13 1.61 10.8% 7.2% 7.9% 12.3% 6.7% 9.6% 20.8% 19.1% 15.3% 6.6%