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The government-wide financial statements for the City of Arborland for a three-year period are presented. Additional Information follows: Population: Year 2023: 30,470, Year 2022: 28,341,
The government-wide financial statements for the City of Arborland for a three-year period are presented.
Additional Information follows: Population: Year 2023: 30,470, Year 2022: 28,341, Year 2021: 26,424. Debt limit remalned at $20,250,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year. b. Calculate those ratios identified in part a for FY 2023 . Show your computations. (Round your answers to the neerest whole doller amount. Enter your answer In thousands except for Bonded debt per Caplta, Avallable Legal Debt Limlt, and Property Taxes pe Caplte whose values should be entered In dollars and not in thousands. Use ending values if the averages are not avallable. Use Property tax revenues Instead of Property tax levy In your computation.) Change in Net Position Ratio Available Legal Debt Limit Additional Information follows: Population: Year 2023: 30,470, Year 2022: 28,341, Year 2021: 26,424. Debt limit remalned at $20,250,000 for each of the three years. Net cash from operations is generally 80 percent of total revenues each year. b. Calculate those ratios identified in part a for FY 2023 . Show your computations. (Round your answers to the neerest whole doller amount. Enter your answer In thousands except for Bonded debt per Caplta, Avallable Legal Debt Limlt, and Property Taxes pe Caplte whose values should be entered In dollars and not in thousands. Use ending values if the averages are not avallable. Use Property tax revenues Instead of Property tax levy In your computation.) Change in Net Position Ratio Available Legal Debt LimitStep by Step Solution
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