Question: table [ [ table [ [ City of Tallahassee ] , [ General Fund ] , [ Balance Sheet ] , [ (

\table[[\table[[City of Tallahassee],[General Fund],[Balance Sheet],[(in thousands)]]],[Assets:,],[Cash and cash equivalents,$7,440],[Due from other governments,0],[All other assets,35,434],[Total assets,$42,874],[Liabilities:,],[Total current liabilities,$33,861],[Fund balance:,],[Nonspendable,4,390],[Committed,0],[Assigned,0],[Unassigned,4,623],[Total fund balance,9,013],[Total liabilities and fund balance,$42,874]]
\table[[\table[[City of Tallahassee],[General Fund]]],[Statement of Revenues, Expenditures,,],[and Changes in Fund Balance,],[(in thousands),]]
a) Calculate the city of Tallahassee's operating margin ratio.
%
Assume all transfers in are recurring. Round percentage to two decimals.
b) Included in expenditures is $84.0 million in costs related to Hurricane Michael. Calculate the operating margin ratio assuming those costs were not
incurred. %
Assume all transfers in are recurring. Round percentage to two decimals.
\ table [ [ \ table [ [ City of Tallahassee ] , [

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!