Assemble the financial statements prepared for the City of Monroe. These financial statements will be in the solutions to Exercises 5–C, 6–C, 7–C, and 8–C. Assume a population of 32,000 and fair value

Ratio

Formula

Calculations

City of Monroe

1. Financial Position (Government-wide, governmental activities)

Unrestricted Net Position

Total Expenses: Governmental Activities

1. Financial Position (General Fund)

Unassigned Fund Balance

Total Expenditures + Other Financing Uses

1. Quick Ratio (Government-wide, governmental activities)

Cash + Current Investments

Current Liabilities

1. Leverage (Government-wide, primary government)

Total Liabilities

Total Assets

1. Debt Service Coverage (Enterprise funds)

Cash Flows from Operations

Interest Paid + Payments of Principal

1. Debt Service to Total Expenditures (Governmental fund-basis)

Principal + Interest Expenditure

Total Expenditures: General and Debt Service Fund

1. Debt per Capita (Government-wide, primary government)

Total Liabilities

Population

1. Debt to Assessed Value of Property (Government-wide, primary government)

Total Liabilities

Assessed Value of Property