Compute the Measures of Solvency for Bay City, Texas for 2022.

Current Ratio = Current Assets/Current Liabilities

Operating Ratio = Total Revenue/Total Expenses

Net Asset Ratio = (Restricted + Unrestricted Net Assets)/Total Assets

Bay City, Texas FY 2022 Current, Operating, and Net Asset Ratio Dollar Amount Ratio Cash Solvency: 1 Current Ratio Current Assets Current Liabilitys Ratio #DIV/O! Budget Solvency 2 Operating Ratio Total Revenue Total Expenses Ratio #DIV/O! Long-Run Solvency 3 Net Asset Rato Total Assets Restricted + Unrestricted Assets + Ratio #DIV/O!Abridged Budget for Bay City, Texas, 2022 Combined Revenue and Expenditures Summary Projected % Change Budget Actual Actual Amended Adopted FY 2022 to FY 2020 FY 2021 Budget FY 2022 FY 2022 FY 2023 Adopted FY 2023 Funding Sources Property Tax 5,728,874 5,965,544 6,212,202 6, 121,770 6,631, 192 6.74% Sales and Use Tax 4,999, 150 4,980,165 5,082,000 5,078,250 5,063,000 -0.37% Franchise Tax 1,258,458 1,263,438 1,298,000 1,273,000 1,361,000 4.85% Hotel/Motel Tax 666,649 640,386 600,000 615,000 620,000 3.33% Licenses and Permits 205,985 193,014 193,500 194,895 198.500 2.58% Charges for Services 10,084,944 10,939,588 11,007,000 11,205,112 12,414,500 12.79% Fines and Penalties 283,393 331,851 312,30 327,504 335,800 7.52% Other Revenues/Sources 1,081,024 1,348,616 195,500 225,000 421,500 111% Miscellaneous 1,951,026 2,535,633 1,561,998 1,752,373 1,818,508 16.42 ntergovernmental 1,595,999 2,914,125 1,882,000 1,637,000 1,102,000 -41.45% Prior Fund Balance 2,646,000 1,485,000 -43.88% Total Revenues & Transfers 27,855,502 31,112,361 30,990,500 28,429,904 31,442,000 1.46% Expenditures General Government 3,959,232 3,959,356 4,478,530 4,430, 150 4,781,654 6.77% Streets 3,430,354 3,838, 132 4,451,662 4,449,400 4,020,859 -9.68% Public Safety 4,981,814 5,499,838 5,646,810 5,642,289 5,628,051 -0.33% Parks & Recreation 2,345, 165 2,229,613 2,522,498 2,283,145 2,249,436 -10.83% Water & Sewer 10,024,756 9,050,489 10, 148,000 8,653,369 11,1 12,000 9.50% Airport 793,689 897,916 673,000 672,675 873,000 29.72% Hotel Motel 623,421 649,757 1,017,000 711,230 717,000 -29.50% Interest & Sinking 1,377,673 4,184, 105 2,053,000 2,052,933 2,060,000 0.34% Total Revenues & Transfers 27,536, 105 30,309,206 30,990,500 28,895, 191 31,442,000 1.46% Government-Wide Financial Analysis City of Bay City, Texas Net Position (in dollars) Total 2022 Curent Assets $ 15,429,273 Capital Assets $ 50,380,696 Total Assets $ 65,815,497 Current Liabilities $ 5,863,375 Noncurrent Liabilities $ 24,983,882 Total Liabilities $ 30,847,257 Restricted Assets $ 7,532,535 Unrestricted Assets $ 27, 185,504