a. Prepare a histogram or bar graph that shows Oakdale in relation to the three reference groups, Aaa-rated median, comparison reference group, and state median for FY 2008 total revenue and a separate graph for FY 2008 revenue per capita. b. Evaluate the financial performance of Oakdale for FY 2008. Use information from the tables and the graph you prepared for Part a to support your analysis. c. What other performance measures would you like to see before you conclude the town is in good or bad shape for the fiscal year shown?
Benchmarks. Examine the following tables from the 2009 Financial Trend Monitoring Report for the Town of Oakdale that reports on fiscal year 2008. The performance indicators selected are total 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. Since local government budgeting in this state is driven by the property tax levy cap, this is a key variable in comparing municipalities.
|
Aaa-Rated Municipality |
FY08 Total Revenue |
FY08 Rev per Cap |
State Rank |
Comparison Municipality |
FY08 Total Revenue |
FY08 Rev per Cap |
State Rank |
|
Delta |
$ 49,794,904 |
$4,342 |
12 |
Dover |
$356,895,723 |
$3,521 |
27 |
|
Monroe |
111,784,312 |
3,683 |
21 |
Oakdale |
175,058,152 |
3,065 |
45 |
|
Schoolcraft |
47,219,656 |
3,605 |
24 |
Cook |
71,477,390 |
2,954 |
51 |
|
Dover |
356,895,723 |
3,521 |
27 |
Lakeview |
245,812,303 |
2,932 |
53 |
|
Bentley |
103,338,507 |
3,307 |
33 |
Frankenmuth |
76,196,553 |
2,863 |
63 |
|
Oakdale |
175,058,152 |
3,065 |
45 |
Walden |
59,310,311 |
2,850 |
65 |
|
Harris |
59,373,338 |
2,986 |
48 |
Superior |
161,444,163 |
2,726 |
80 |
|
Cook |
71,477,390 |
2,954 |
51 |
Cedar |
89,441,958 |
2,644 |
97 |
|
Lakeview |
245,812,303 |
2,932 |
53 |
Pittsfield |
169,322,957 |
2,531 |
116 |
|
Caro |
49,726,361 |
2,926 |
55 |
Lodi |
99,100,870 |
2,338 |
168 |
|
Frankenmuth |
76,196,553 |
2,863 |
63 |
Huron |
120,977,460 |
2,169 |
210 |
|
Walden |
59,310,311 |
2,850 |
65 |
Pineview |
116,134,368 |
2,151 |
217 |
|
Aaa-Rated |
FY08 Total Revenue |
FY Rev per Cap |
Oakdale |
|
Median $ 73,836,972 |
$3,026 |
Aaa-Rated LQ |
1.01 |
|
Comparison |
|||
|
RG Median 118,555,914 |
2,788 |
Comparison RG LQ |
1.1 |
|
State Median 23,487,291 |
2,314 |
State LQ |
1.32 |
where RG = reference group
LQ = location quotient showing how much above or below the median this government is.
Required
a. Prepare a histogram or bar graph that shows Oakdale in relation to the three reference groups, Aaa-rated median, comparison reference group, and state median for FY 2008 total revenue and a separate graph for FY 2008 revenue per capita.
b. Evaluate the financial performance of Oakdale for FY 2008. Use information from the tables and the graph you prepared for Part a to support your analysis.
c. What other performance measures would you like to see before you conclude the town is in good or bad shape for the fiscal year shown?
10–5 Financial Trend Monitoring System—Reserves. The City of Scottsdale, Arizona, provides the following report on the following page about its reserve policies on page 12 of its October 2007 financial trends booklet.
Required
a. Refer to Illustration 10–1. To which categories of factors affecting financial condition do you believe this statement belongs?
b. Assess the adequacy of this note. Do you need more information to understand how the reserve financial policy affects the city’s financial condition? Explain.
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