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	$2,480
Due from other governments	0
All other assets	11,848
Total assets	$14,328
Liabilities:
Total current liabilities	$11,287
Fund balance:
Nonspendable	1,500
Committed	0
Assigned	0
Unassigned	1,541
Total fund balance	3,041
Total liabilities and fund balance	$14,328

City of Tallahassee
General Fund
Statement of Revenues, Expenditures,
and Changes in Fund Balance
(in thousands)
Total revenues	$109,901
Total expenditures	164,473
Excess of revenues over (under) expenditures	-54,572
Other financing sources (uses):
Transfers in	49,597
Transfers out	-21,522
Proceeds from sale of capital assets	430
Total other financing sources (uses)	28,505
Net change in fund balance	-26,067
Fund balance, October 1, 2019	29,108
Fund balance, September 30, 2019	$3,041

a) Calculate the city of Tallahassees operating margin ratio. Answer

% Assume all transfers in are recurring. Round percentage to two decimals. b) Included in expenditures is $28 million in costs related to Hurricane Michael. Calculate the operating margin ratio assuming those costs were not incurred. Answer

% Assume all transfers in are recurring. Round percentage to two decimals.