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Could you help me with this: Problem 1: Assessing Governments Financial Conditions The following information was taken from the CAFRs of two cities of approximately

Could you help me with this:

Problem 1: Assessing Governments Financial Conditions The following information was taken from the CAFRs of two cities of approximately the same size in the same state.

Lake Grove and Lake Meade (dollar amounts in thousands)

Population 92,000 96,000

Number of employees 1,050 1,420

Total operating revenues $120,000 $170,000

Property Tax levy 83,000 102,000

Total operating expenditures 112,000 174,000

Cash, investments and receivables 27,000 15,000

Current liabilities 9,000 12,000

Unassigned general fund balance 7,000 1,000

General obligation debt 21,000 32,000

Total appraised value of property 965,000 1,620,000

Requirements: 1. Compare the financial condition of the two cities based on the following indicators: a. Per capita operating expenditures b. Per capita general obligation debt c. Operating surplus (deficit) d. Liquid assets/current liabilities e. Unassigned generalfund balance/total operating revenues f. Per capita number of employee.

2. Compare the financial condition of the two cities based on the following additional measures: a. Operating revenue/total appraised value of the property b. Property taxes/total appraised value of the property c. Per capita total appraised the value of the property

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