Benchmarks. Examine the following tables from the 2009 Financial Trend Monitoring Report for the Town of Oakdale that reports on fiscal year 2008. The performance indicators selected are total revenue and revenue per capita. The town provides three reference groups with which to compare Oakdale: Aaa-rated municipalities, comparison municipalities, and the state median. Since local government budgeting in this state is driven by the property tax levy cap, this is a key variable in comparing municipalities.

where RG = reference group
LQ = location quotient showing how much above or below the median this government is.
Required
a. Prepare a histogram or bar graph that shows Oakdale in relation to the three reference groups. Aaa-rated median, comparison reference group, and state median for FY 2008 total revenue and a separate graph for FY 2008 revenue per capita.
b. Evaluate the financial performance of Oakdale for FY 2008. Use information from the tables and the graph you prepared for Part a to support your analysis.
c. What other performance measures would you like to see before you conclude the town is in good or bad shape for the fiscal yearshown?

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Aaa-Rated FY08 Total FY08 Rev State Comparison FY08 Total FY08 Rev State per Cap Rank Municipality Revenue Municipality Revenue per Cap Rank $ 49,794,904 $4,342 Delta $356,895,723 $3,521 12 Dover 27 Oakdale Monroe 111,784,312 3,683 21 175,058,152 3,065 45 Cook Schoolcraft 47,219,656 3,605 24 71,477,390 245,812,303 2,954 51 2,932 Dover 356,895,723 3,521 27 Lakeview 53 Frankenmuth 76,196,553 45 Walden 48 Superior Cedar 53 Pittsfield 55 Lodi Bentley Oakdale 103,338,507 3,307 33 2,863 63 175,058,152 3,065 59,310,311 2,850 65 Harris 59,373,338 2,986 161,444,163 2,726 80 Cook 2,954 2,644 71,477,390 245,812,303 49,726,361 Frankenmuth 76,196,553 59,310,311 51 89,441,958 97 Lakeview 169,322,957 2,932 2,531 116 Caro 2,926 99,100,870 2,338 168 2,863 63 Huron 120,977,460 2,169 210 65 Pineview Walden 2,850 116,134,368 2,151 217 FY08 Total FY Rev Aaa-Rated Revenue Oakdale per Cap $ 73,836,972 S3,026 Median Aaa-Rated LQ 1.01 Comparison RG Median 118,555,914 State Median 23,487,291 Comparison RG LQ State LQ 1.10 2,788 1.32 2,314