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Calculate operating margin Assume the following information was derived from the fund financial statements prepared by the city of Tallahassee, Florida for the fiscal year

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Calculate operating margin Assume the following information was derived from the fund financial statements prepared by the city of Tallahassee, Florida for the fiscal year ended September 30, 2019: City of Tallahassee General Fund Balance Sheet (in thousands) Assets: Cash and cash equivalents $5,952 Due from other governments 0 All other assets 6,455 Total assets $12,407 Liabilities: Total current liabilities $27,089 Fund balance: Nonspendable -18.380 Committed 0 Assigned 0 Unassigned 3,698 Total fund balance -14,682 Total liabilities and fund balance $12,407 City of Tallahassee General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance (in thousands) Total revenues $241,782 Total expenditures 394,735 Excess of revenues over (under) expenditures -152,953 Other financing sources (uses): Transfers in 119,033 Transfers out -51,653 Proceeds from sale of capital assets 1,032 Total other financing sources (uses) 68,412 Net change in fund balance -84,541 Fund balance, October 1, 2019 69,859 Fund balance, September 30, 2019 $-14,682 96 a) Calculate the city of Tallahassee's operating margin ratio. O Assume all transfers in are recurring. Round percentage to two decimals. b) Included in expenditures is $67.2 million in costs related to Hurricane Michael. Calculate the operating margin ratio assuming those costs were not incurred. 0 %6 Assume all transfers in are recurring. Round percentage to two decimals

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