Examine the following tables from the Financial Trend Monitoring Report for the Town of Oakdale for the

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Examine the following tables from the Financial Trend Monitoring Report for the Town of Oakdale for the most recent fiscal year-end. 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. Because local government budgeting in this state is driven by the property tax levy cap, this is a key variable in comparing municipalities.FY Rev FY Rev State FY Total FY Total Aaa-Rated State Comparison Municipality Municipality Revenue Rank Revenue per Cap


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 total revenue and a separate graph for FY revenue per capita.
b. Evaluate the financial performance of Oakdale for the fiscal year. 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 year shown?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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