Financial Condition (LO10-4) Write down the letters a through o. Beside each letter, put a (+) if a high or increasing value of the item is generally associated with stronger financial condition, a minus (-) if a high or increasing value of the item is generally associated with a weaker financial condition, and NE if the item generally has no effect on the financial condition or the direction of the effect cannot be predicted.

10-18. Financial Condition. (1.O10-4) Write down the letters a through a. Beside each letter, put a plus (+) if a high or increasing value of the item is generally associated with stronger financial condition, a minus () if a high or increasing value of the item is generally associated with a weaker financial condition, and NE if the item generally has no effect on the financial condition or the direction of the effect cannot be predicted. a. Unfunded pension liability. b. Operating deficit. c. Revenues over expenditures. d. Intergovernmental revenues. e. Level of business activity. f Education level of citizens. R. Unemployment rate. h. Fund balances. 1. Personal income per capita. Lebt service. k. Percentage of houscholds below the poverty level. L. Short-term borrowing. m. Property values. n. Capital maintenance. o. Birthrate. 10-19. Benehmarks, (L.O10-4, L.O10-5) 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 toval 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