Use Exhibit 13-2, City of Toledo, Ohio, Expenses, Governmental Activities.

Required
a. Prepare a horizontal common-size statement for 2002€“2008. Use 2002 as the base.
b. Comment on significant items in the horizontal common-sizeanalysis.

Transcribed Image Text:

EXHIBIT SCHEDULE 2, CITY OF TOLEDO, OHICo 13-2 Changes in Net Assets, Last Seven Fiscal Years (in Part) Accrual Basis of Accounting Amounts in Thousands Fiscal Year Expenses 2002 2003 2004 2005 2006 2007 2008 Governmental Activities: General Government Public Service Public Safety Public Utilities Community Environment Health Parks and Recreation interest and Fiscal Charges 5,679 6,437 9,408 S27,694 S26,780 $26,72 S25,960 S27,250 $7,059 $28,673 52,706 45,757 48,204 42,036 142,256 148,446 15,27 53,085158,499 163,334 170,767 1,143 23,240 16,490 7,347 17,050 7,834 52,891 53,562 57,508 1,085 19,465 808 17,918 46 20,589 106 20,230 167 18,915 19,104 14,895 17,638 8,207 16,773 7,765 7,345 8,973 7,488 7,563 7,833 5,047 7,397 10,368 14,731 Total Governmental Activities S276,372 $282,815 5279,07 S280,602 $292,878 $306,479 S317,262