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Review the CAFR of the City of Dearborn, governmental fund, Statement of Revenues, Expenditures, and Changes in Fund Balances, specifically the expenditure classification. Compute a

Review the CAFR of the City of Dearborn, governmental fund, Statement of Revenues, Expenditures, and Changes in Fund Balances, specifically the expenditure classification. Compute a ratio of capital outlay/total expenditures. Again, compute a ratio of debt service/total expenditures. Comment on the possible meaning of these ratios.
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