The data that follow were drawn from the city of Boulder, Colorado's CAFR. Dates have been changed. They are from two statistical€section schedules showing the mix of revenue and expenditures for a 10€year period. They include amounts only from the general fund, special revenue funds, and debt service funds.

1. As a consultant for a citizens' association, you have been asked to determine whether there have been significant changes in the way the city acquires and spends its resources. Prepare a schedule in which you compare the mix of revenues and of expenditures of 2017 with that of 2018. Note and comment on any items that might distort a straightforward comparison of revenues and expenditures.
2. Comment on any changes between the two years that you consider significant.
3. Expenditures for debt service increased significantly. What are the most likely reasons for the increase? Is it necessarily a sign of increased financial stress?

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2017 2018 amounts in thousands) Revenues Sales and use taxes General property taxes Other taxes Charges for services Intergovernmental Proceeds from bonds and notes $97,397 29,474 20,278 27,030 16,420 54,830 20,660 $266,089 $104,136 29,434 21,184 22,670 13,348 21,473 212.245 Total revenues Expenditures s 27,717 47,825 22,178 13,384 25,677 29,111 13,574 16,425 $195.891 government and administration $ 30,185 Public safety Public works Housing and human services Culture and recreation Capital outlay Debt service 27,896 20,226 28,089 19,218 16,375 27,180 $217,371 Total expenditures