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Ratios can help users assess economic condition. The data that follow were taken from the CAFR of Chaseville, a mid-sized Midwestern city with a population
Ratios can help users assess economic condition. The data that follow were taken from the CAFR of Chaseville, a mid-sized Midwestern city with a population of82,000. All dollar amounts are in thousands. Total assessed value of property $2,300,000 Total property tax levy 42,500 Direct debt 70,000 Overlapping debt 46,486 General fund: Cash and investments 3,120 Total assets 19,500 Total liabilities 16,23 0 Nonspendable fund balance 780 Unassigned fund balance 5,789 Total tax revenues 38,756 Total expenditures 44,600 Debt service expenditures 4,500 Revenue from own sources 46,500 Total revenues 48,865 Intergovernmental revenue 2,003 Public safety expenditures 9,321 Health and welfare expenditures 4,567 Indicate and calculate the ratios that would best compare Chaseville with similar cities as to whether 1. Chaseville is more dependent upon revenues from other governments 2. it is directing a greater share ofits expenditures toward public safety 3. it has the necessary liquid resources to be better able to meet its short-term obligations as they come due 4. it has a greater available general fund balance relative to revenues, to meet future needs 5. its citizens pay a higher tax rate 6. its citizens pay more in taxes per person 7. it is a wealthier city, in that its citizens own relatively more property 8. it exerts greater scal effort
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