Question

The City of St. Cloud, Minnesota, annually prepares a trend report using the ICMA’s Financial Trend Monitoring System. The table presented here captures trend information provided by St. Cloud in its 2009 Annual Financial Trend Report. For a description of the indicators included, see Illustration 10–3 in this chapter.


Required
a. Based on the trend, which indicators indicate improving financial performance?
b. Based on the trend, which indicators indicate declining financial performance? Using Illustration 10–3, discuss what the decline indicates.
c. Discuss your overall assessment of St. Cloud’s financial performance.
d. What additional information would be helpful in assessing St. Cloud’s financialperformance?


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  • CreatedJanuary 11, 2014
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