Assessing General Obligation Debt Burden. This case focuses on the analysis of a citys general obligation debt
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Required
a. What is your initial assessment of the trend of the city general obligation debt burden?
b. Complete the table by calculating the ratio of Net General Bonded Debt to Assessed Value of taxable property and the ratio of Net General Bonded Debt per Capita. In addition, you learn that the average ratio of Net General Bonded Debt to Assessed Value for comparable-size cities in 2011 was 2.13 percent, and the average net general bonded debt per capita was $1,256. Based on time series analysis of the ratios you have calculated and the benchmark information provided in this paragraph, is your assessment of the citys general obligation still the same as it was in part a, or has it changed?Explain.
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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