Leah Pasternak Government & Not for Profit – ACC410 Chapter 15: Financial Analysis - Homework Submission 15-2 All calculations for this exercise are taken as in thousands. 1. Chaseville is actually not more dependent upon revenues from other governments. According to my calculations, it appears that Chaseville’s revenue is 95% of the total revenue. = Revenue from own source Total revenues = 46,500 48,865 = 0.95 or 95% 2. According to my calculations, Chaseville is not contributing a greater share of its expenditure towards public safety. = Public safety expenditure Total expenditures = 9,321 44,600 = 0.2090 or 20.90% 3. The City of Chaseville has a very small amount of liquid resources available to be able to use as their short-term obligations become due, 7.34% to be exact. = Cash & investments Current liabilities (total property tax levy) = 3,120 42,500 = 0.0734 or 7.34% 4. Compared to similar cities, the City of Chaseville has a smaller available general fund balance to meet future needs. = Total general fund Total revenues = (5,789 + 780) 48,865 = 0.1344 or 13.44% 5. The City of Chaseville’s residents definitely pay a higher tax rate than residents from similar cities. = Property tax revenues Total operating revenues = 38,756 48,865 = 0.7931 or 79.31% 6. According to my calculations, the citizens pay about $518.29 in taxes. = Total property tax levy Size of population = 42,500 82 = $518.29 per perso ...
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