• July 21st, 2015

AN ANALYSIS OF THE FISCAL CONDITION AND TRENDS OF THE MUNICIPALITY

Paper, Order, or Assignment Requirements

 

LOCAL GOVERNMENT FISCAL CONDITION TREND ANALYSIS :

Niles, IL 

http://www.vniles.com/Archive.aspx?AMID=42 

Download the 5 most recent Comprehensive Annual Financial Reports.
e.g., 2013, 2012, 2011, 2010, 2009
You will need 3 tables in the CAFR – in the Basic Financial Statements section, after the Management Discussion and Analysis section – for each year:

Statement of Net Position (should look like City of Naperville Exhibit A-1)
Statement of Activities (should look like City of Naperville Exhibit A-2)
Balance Sheet – Governmental Funds (should look like City of Naperville Exhibit A-3)

Using the numbers on these 3 tables, compute the following 10 indicators:
Net Assets (Statement of Net Position)
Debt (Long Term Liabilities) per capita (Statement of Net Position).
Ratio of debt (Long Term Liabilities) to Net Assets (Statement of Net Position). 
A. Net Investment in Capital Assets 

B. Net Investment in Capital Assets as a percentage of total Net Assets (Statement of Net Position)

Liquidity: Ratio of Cash and Investments to Accounts Payable and Other Current Liabilities (Statement of Net Position). 

A. Operating Deficit or Surplus (Statement of Activities)

B. Operating Deficit or Surplus as a Percentage of Revenues (Statement of Activities)

Revenues per capita (Statement of Activities)

Expenditures per capita (Statement of Activities)
Ratio: Revenues to Expenditures (Statement of Activities)
A. General Fund Balance – Deficit or Surplus (Balance Sheet)
B. Total Governmental Funds Balance – Deficit or Surplus (Balance Sheet)

2010 and 2000 Population and other demographic factors are available at:
http://factfinder2.census.gov/faces/nav/jsf/pages/index.xhtml### 
Type in the name of your town, e.g., “Naperville, IL.” Then you can get General Demographic Characteristics for 2000 and 2010. 
Quick Facts http://quickfacts.census.gov/qfd/states/17/1719642.html 
Factfinder – Economic characteristics http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk 

Adjust to current (2014) dollars:
CPI Inflation Calculator – Bureau of Labor Statistics
http://www.bls.gov/data/inflation_calculator.htm 
Note: for comparisons over time, please show nominal and real (2014) dollars. Graphs should only show real (2014) dollars.

WRITE AN ANALYSIS OF THE FISCAL CONDITION AND TRENDS OF THE MUNICIPALITY:
The analysis should include:
A brief overview of the city (about 1-2 pages): 
Discuss population, location, trends over time? (growing, declining, aging population, expanding schools, building new housing), major employers, form of government (mayor/city manager). Were there new economic development initiatives, political factors? 
Examples of issues that may be applicable: Tollway expansion, third airport proposals, gambling legalization, residential foreclosures, businesses moving in or leaving the town, annexation of land, downtown revitalization. 

 

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