The City of St. Cloud, Minnesota, annually prepares a trend report using the ICMA€™s Financial Trend Monitoring System. The table presented here captures trend information provided by St. Cloud in its 2009 Annual Financial Trend Report. For a description of the indicators included, see Illustration 10€“3 in this chapter.

Required
a. Based on the trend, which indicators indicate improving financial performance?
b. Based on the trend, which indicators indicate declining financial performance? Using Illustration 10€“3, discuss what the decline indicates.
c. Discuss your overall assessment of St. Cloud€™s financial performance.
d. What additional information would be helpful in assessing St. Cloud€™s financialperformance?

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Calculated Values for Each Year Indicator 2005 2006 2007 2008 2009 Operating revenues per capita Intergovernmental revenues Operating expenditures per capita General Fund operating surplus/deficit General Fund Balance Liquidity (quick ratio) Curent liabilities Capital outlay 640 727698 741 $ 723 39.9% 40.4% 38.5% 32.2% 34.0% S 657 727718 706 682 0.0% 55.2% 1101% 2.7% 53.1% 846% 8.7% 4.8% 2.0% 52.5% 832% 8.2% 5.1% -2.4% 49.5% 778% 8.0% 2.0% -0.6% 49.6% 951 % 6.4% 2.5% 7.1% 5.0%