Based on the data from the general fund presented below, assess (as best you can) the financial/fiscal condition of Karla city. As much as possible, justify your answer with quantitative data.

Population (increasing slowly)	86
Appraised value of taxable property	$120,000
Total general fund revenues	$ 25,000
General fund property tax revenue	$ 11,000
Intergovernmental revenues	$ 4,000
Miscellaneous revenues	$ 8,000
Total general fund expenditures
(including debt service)	$ 20,000
Current expenditures	$ 21,300
Capital outlay	$ 1,600
Debt service expenditures	$ 100
Operating transfer-in	$ 600
Operating transfer-out	$ (4,600)
Unassigned fund balance	$ 13,000
Cash and investments	$ 15,000
Current liabilities	$ 1,400