Examine the Managements Discussion and Analysis to answer the following questions (10 points)

What was the tax collection rate, i.e., taxes collected/taxes levied?

What is the total Capital Assets for CY 2021?

What are the two largest capital assets?

Name	Amount

What is the Citys Standard & Poors general obligation bond rating?

Transcribed image text: Capital assets and long-term liabilities Capital assets The Town had a $198,690,846 net investment in a broad range of capital assets, including land, buildings, park facilities, vehicles and equipment, roads, bridges, streetlights and water and sewer lines (see Table 3). This amount represents a net increase of $2,262,795 or 1.2%. More detailed information about the Town's capital assets is presented in Note III D to the financial statements. The Town' general obligation bonds outstanding decreased by $2,400,000. The planned decrease was the result of a new issue for general purpose capital improvements of $4,200,000, reduced by scheduled bond repayments of $6,600,000. The Town used fund balance to permanently retire $931,000 of Bond Anticipation Notes in January 2020. The Town maintains a Capital Improvement Plan as well as a Debt Issuance Plan to track projects that need to be completed and identify funding for such projects. The Town had $9,123,589 in equipment financing notes, a decrease of $328,068 due to scheduled principal payments.Transcribed image text: Capital assets and long-term liabilities Capital assets The Town had a $198,690,846 net investment in a broad range of capital assets, including land, buildings, park facilities, vehicles and equipment, roads, bridges, streetlights and water and sewer lines (see Table 3). This amount represents a net increase of $2,262,795 or 1.2%. More detailed information about the Town's capital assets is presented in Note III D to the financial statements. The Town' general obligation bonds outstanding decreased by $2,400,000. The planned decrease was the result of a new issue for general purpose capital improvements of $4,200,000, reduced by scheduled bond repayments of $6,600,000. The Town used fund balance to permanently retire $931,000 of Bond Anticipation Notes in January 2020. The Town maintains a Capital Improvement Plan as well as a Debt Issuance Plan to track projects that need to be completed and identify funding for such projects. The Town had $9,123,589 in equipment financing notes, a decrease of $328,068 due to scheduled principal payments