Homework Problem #$2$:

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

$(000$s omitted$)$

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$

Homework Problem #$2$:

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

$(000$s omitted$)$

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$