Financial Statements in Government: A Compliance and
Liquidity Approach
Homework for
chapter III
of
Financial Reporting in Government
By
Dr. John Sacco
,
George Mason University
Revised
Sunday, November 16, 1997
A set of data is given for a particular jurisdiction. You are
to do an analysis of the financial
compliance
,
success
, and
conditions
of this jurisdiction. First, offer a definition of each of
these three terms, being sensitive to both narrow and board
features of the definition. Then, do the quantitative analysis
of the degree of compliance, success, and health using the data
below.
The lesson (lesson 4 in this chapter) on
Using the Financial Statements
can be helpful for this assignment. Once in this lesson these
are some key terms to search:
-
variance
-
own source revenue
-
quick ratio
-
debt burden
Budget for the general fund:
Revenues:
taxes 1,000,000
fees 40000
fines 10000
intergovt 20000
Total 1,070,000
Expenditures:
administration 400000
safety 500000
recreation 150000
health 20000
Total 1,070,000
Actual for the general fund:
Revenues:
taxes 900,000
fees 44000
fines 12000
intergovt 18000
Other sources
borrowing 79000
Total 974,000
Expenditures:
administration 405000
safety 500000
recreation 130000
health 18000
Total 1,053,000
Other data
general obligation debt 30,000,000
total debt 45,000,000
population 250,000
current assets 19x0 19x1 19x2
cash and short term investments 80000 83000 85000
current liabilities
vouchers payable 78000 82000 85500
See Also:
project elements
,
course readings
,
the
glossary
,
stories
,
exercies and demonstrations
,
and
a
summary