10-19 Financial Trend Monitoring System. The City of St. Cloud. Minnesota, annually prepares a trend report using the ICMA's Financial Trend Monitoring System. The table presented here captures trend information provided by St. Cloud in its 2013 Annual Financial Trend Report. For a description of the indicators included, see Illustration 10-3 in this chapter. Indicator Operating revenues per capita Intergovernmental revenues Operating expenditures per capita General Fund operating surplus/deficit General Fund balance Liquidity (quick ratio) Current liabilities Debt service Capital outlay 2008 $778 32.2% $741 -2.4% 49.5% 778% 8.0% 31.1% 2.0% Calculated Values for Each Year 2011 2009 $755 33.5% $765 -0.6% 50.2% 951% 6.5% 40.8% 2.3% 2010 $738 29.7% $742 0.6% 54.7% 755% 9.4% 29.3% 1.0% $731 29.8% $748 -2.3% 57.3% 576% 12.6% 37.6% 4.7% 2012 $692 29.5% 705 -4.2% 57.3% 660% 11.1% 36.2% 3.0% Required a. Based on the trend, which indicators indicate improving financial perfor- mance? b. Based on the trend, which indicators indicate declining financial perfor- mance? Using Illustration 10-3, discuss what the decline indicates. c. Discuss your overall assessment of St. Cloud's financial performance. d. What additional information would be helpful in assessing St. Cloud's finan- cial performance?