The data that follow were drawn from the CAFR of the city of Boulder, Colorado. Dates have been changed. They are from two statistical-section schedules showing the mix of revenue and expenditures for a ten-year period. They include amounts only from the general fund, special revenue funds, and debt service funds.

1. As a consultant for a citizens€™ association, you have been asked to determine whether there have been significant changes in the way the city acquires and spends its resources. Prepare a schedule in which you compare the mix of revenues and of expenditures of 2014 with that of 2015. Note and comment on any items that might distort a straightforward comparison of revenues and expenditures.
2. Comment on any changes between the two years that you consider significant.
3. Expenditures for debt service increased significantly. What are the most likely reasons for the increase? Is it necessarily a sign of increased financialstress?

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2014 (amounts in thousands) Revenues Sales and use taxes General property taxes Other taxes Charges for services Intergovernmental Procceds from bonds S18,750 4,900 $41,941 5,004 10,114 2,524 and notes 16,330 Other Total revenues S58,792 nditures ieneral dministration Public safety S 3,975 10,786 7,499 Public works Housing and human Culhire and recreation Acquisition of real estate 16,472 16,764 9,016 11,315 10,816 and open spaces Deht service Other Total expenditures 11,706 2,886