Question

The data that follow were taken from the CAFR of Chaseville, a mid-sized midwestern city with a population of 82,000. All dollar amounts are in thousands.
Total assessed value of property .... $2,300,000
Total property tax levy ......... 42,500
General-fund cash and investments ...... 3,120
General-fund total assets ......... 19,500
General-fund total liabilities ....... 16,230
General-fund nonspendable fund balance ... 780
General-fund unassigned fund balance ..... 5,789
General-fund total tax revenues ...... 38,756
General-fund total expenditures ...... 44,600
General-fund debt service expenditures .... 4,500
General-fund revenue from own sources .... 46,500
General-fund total revenues ......... 48,865
General-fund intergovernmental revenue ... 2,003
General-fund public safety expenditures .... 9,321
General-fund health and welfare expenditures .. 4,567
Direct debt ............... 70,000
Overlapping debt ............. 46,486

Indicate and calculate the ratios that would best be used to compare Chaseville with similar cities as to whether
1. It is more dependent upon revenues from other governments.
2. It is directing a greater share of its expenditures toward public safety.
3. It has the necessary liquid resources to be better able to meet its short-term obligations as they come due.
4. It has a greater available general-fund balance relative to revenues to meet future needs.
5. Its citizens pay a higher tax rate.
6. Its citizens pay more in taxes per person.
7. It is a wealthier city, in that its citizens own relatively more property.
8. It exerts greater fiscal effort.



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  • CreatedAugust 13, 2014
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