informa 10-13. Financial Analysis.* (LO10-3, LO10-4) Flint, Michigan, has suffered a number of setbacks over the past several years. The decline in the auto industry followed by the water contamination problem from lead pipes has created fiscal challenges for the city. In fact, starting in 2011, Flint operated under an emergency manager appointed by the governor until fiscal year 2016. The purpose of this assignment is to assess the impact of Flint's challenges on its financial performance. Use the information from the table of selected 10-year trend data and the Flint CAFR report for the year ended June 30, 2018, 20 to complete this assignment. Selected 10-Year Trend Data from Flint's CAFRS* Measure Cash and cash equivalents Current liabilities Fund balances 2015 2014 2013 2016 2012 2011 2010 2009 2018 2017 $ 4,005 $70,316 $56,046 $43,905 $36,038 $ 29,916 $ 6,160 $ 1,910 $ 5,412 $ 17,781 $21,337 $16,522 $15,933 $16,748 $17,363 $ 17,040 $ 19,123 $ 19,746 $ 28,578 $ 26,455 General Fund Restricted special $20,374 $17,074 $10,038 $ 3,346 ($8,961) ($12,896) ($ $28,631 $23,295 $20,324 $18,234 $17,888 $ 4,738 $ 19,185) ($ 7,276) ($ 14,622) ($ 10,114) 5,379 $ 4,245 $ 931 $ 8,321 revenue fund Restricted debt $ 11 $ 11 $ 11 $ 11 $ 8 $ 7 $ 7 $ 7 $ 7 $ 7 service fund Restricted capital projects $ 7,035 $ 7,371 $ 7,945 $ 8,174 $ 9,335 $ 2,598 $ 1,631 $ 1,657 $ 1,831 $ 304 Governmental fund $94,439 $86,856 $89,846 $83,335 $92,601 $106,535 $ 94,266 $108,976 $ 93,876 $ 99,487 total revenues Intergovernmental revenues $41,323 $36,170 $43,055 $22,845 $39,503 $ 48,084 $ 44,117 $ 46,646 $ 40,185 $ 37,378 Governmental fund $88,798 $81,201 $84,964 $83,990 $84,313 $ 96,593 $107,492 $110,430 $111,638 $104,128 total expenditures Debt per capita Legal debt limit used Debt service/operating 508 $ $ 305 $ 547 $ 564 $ 585 $ 57.63% 62.24% 66.09% 41.87% 53.82% 3.81% 3.10% 2.98% 4.46% 3.97% 539 $ 52.95% 2.16% 566 $ 1,456 $ 13.30% 11.82% 2.62% 1.74% 1,331 $ 1,065 10.66% 9.40% 3.03% 3.26% expenditures *Dollars are in millions. 20 The 2018 CAFR for Flint can be accessed atwww.cityofflint.com/wp-content/uploads/City-of-Flint-CAFR-FY18-6-30-18.pdf.