The following information is extracted from a villages governmental funds statement of revenues, expenditures, and changes in fund balances (amounts in thousands). Compute the villages operating margin (a) for the General Fund and (b) for the General, Debt Service, and Library Funds aggregated. (Hint: The transfers out are routine transfers to the other two funds, so the entire net change in fund balance is the numerator in calculating the General Funds operating margin. Because the transfers in are from the aggregated funds, they should be ignored in calculating the denominator for the aggregated funds operating margin.)

Total revenues Total expenditures Excess (deficiency) of revenues over expenditures Transfers in Transfers out Debt General Service Library $8.640 $26 $15 7,412 842 234 1,228 (816) (219) - 850 (1.075) - $153 $34 Net change in fund balances Round answers to one decimal place (ex: 0.0345 - 3.596). Operating margin (a) General fund 1.8 % (b) Combined funds 172.5 % *