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benchmarks examine the following tables from the 2009 financial trend monitoring rep 642223

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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