Question
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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