The data that follow were drawn from the city of Boulder, Colorado's CAFR. Dates have been changed.

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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.
The data that follow were drawn from the city of

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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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118983270

7th edition

Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith

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