Chapter 10 Analysis of Financial Condition (Optional, unless assigned by your instructor)

Prepare a written evaluation of the City of Binghams financial position and condition as of December 31, 2023. Begin by calculating some of the following ratios found in Chapter 10 of the textbook:

From Illustration 10-3	From Illustration 10-4
Revenue Measures: Intergovernmental revenues	Financial Position: Unrestricted net position Debt to assets Current ratio
Operating Position Measures: Revenues over expenditures Operating surplus/deficit Fund balances Liquidity	Financial Performance: Interperiod equity
Debt Indicators: Current liabilities Debt service	Financial Capability: Bonded debt per capita Available legal debt limit

These ratios provide some benchmark information either in the illustrations or in exercise 10-16, part f. For purposes of calculating per capita ratios, assume the population of the City of Smithville is 25,000.