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the following information was taken from the CAFR of two cities of approximately the same size in three same state. compare the financial condition of
the following information was taken from the CAFR of two cities of approximately the same size in three same state. compare the financial condition of the two cited based on three following indicators:
1,420 Sming on The following information was taken the same state Riverside Lakeview (dollar amounts in thousands) 92.000 96,000 Population 1.050 Number of employees $120,000 $170,000 Total operating revenues 83.000 102,000 Property tax levy 112,000 174.000 Total operating expenditures 27.000 15.000 Cash, investments and receivables 9.000 12.000 Current liabilities 7.000 1.000 Unassigned general-fund balance General obligation debt 21.000 32,000 Total appraised value of property 965.000 1.620,000 1. Compare the financial condition of the two cities based on the following indicators: a. Per capita operating expenditures b. Per capita general obligation debt c. Operating surplus (deficit) d. Liquid assets/current liabilities e. Unassigned general-fund balance total operating revenues f. Per capita number of employees 2 Compare the financial condition of the two cities based on the following additional measures: a. Operating revenue/total appraised value of property b. Property taxes/total appraised value of property c. Per capita total appraised value of property 3. What conclusions can be drawn from the two sets of measures? Comment on the apparent discrepang between them
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