Discuss the financial performance of the city of Providence over the last three years(2011,2012, and 2013). Pay attention to specific items from the Financial Statements that reflect the city's performance.

the portion of the act veeted benefit payments that is attributed to past periods of employee playce service in con t r aples 22-32 Total Pension Liability net of the on plans net position (GASR 2012 A b r irement existed for 2011 and 2012. While Total Assets do not och for these years, calculate Tandhili Net Assets and Debt Ratio for the city of Providence for these two years. Explain your results (14) Apron A proposal was developed to reduce pension of retirees a t cutting initiative to mitigate the financial pressures that Providence is facing. Would you support this proposal? Why or why not? What other options are available to Providence to reduce its pension blo g Ane here challenges associated with these options? 15 See the Employee Retirement System Notes for 2011 and 2012 ( 19 of the CAFR for each year. The investment Tale of return is listed as 25 percent for each year. Do you agree 8.25 percent is an appropriate rate? What are the pension benefit obligation (PBC) implications of using a lower rate? (16) Various municipalities have been accused of undervaluing pension benefit obligations. Why is this a problem for those municipalities? How does this impact the decision making of city managers? Current or potential city employees? the portion of the act veeted benefit payments that is attributed to past periods of employee playce service in con t r aples 22-32 Total Pension Liability net of the on plans net position (GASR 2012 A b r irement existed for 2011 and 2012. While Total Assets do not och for these years, calculate Tandhili Net Assets and Debt Ratio for the city of Providence for these two years. Explain your results (14) Apron A proposal was developed to reduce pension of retirees a t cutting initiative to mitigate the financial pressures that Providence is facing. Would you support this proposal? Why or why not? What other options are available to Providence to reduce its pension blo g Ane here challenges associated with these options? 15 See the Employee Retirement System Notes for 2011 and 2012 ( 19 of the CAFR for each year. The investment Tale of return is listed as 25 percent for each year. Do you agree 8.25 percent is an appropriate rate? What are the pension benefit obligation (PBC) implications of using a lower rate? (16) Various municipalities have been accused of undervaluing pension benefit obligations. Why is this a problem for those municipalities? How does this impact the decision making of city managers? Current or potential city employees