City of Tallahassee General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance (in thousands) Total revenues $109,901 Total expenditures 164,473 Excess of revenues over (under) expenditures -54,572 Other financing sources (uses): Transfers in Transfers out Proceeds from sale of capital assets Total other financing sources (uses) Net change in fund balance Fund balance, October 1, 2019- Fund balance, September 30, 2019 49,597 -21,522 430 28,505 -26,067 29,108 $3,041 a) Calculate the city of Tallahassee's operating margin ratio. (49.66) Assume all transfers in are recurring. Round percentage to two decimals. % b) Included in expenditures is $28 million in costs related to Hurricane Michael. Calculate the operating margin ratio assuming those costs were not incurred. (47.11) % L

City of Tallahassee General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance (in thousands) Total revenues $109,901 Total expenditures 164,473 Excess of revenues over (under) expenditures -54,572 Other financing sources (uses): Transfers in Transfers out Proceeds from sale of capital assets Total other financing sources (uses) Net change in fund balance Fund balance, October 1, 2019- Fund balance, September 30, 2019 49,597 -21,522 430 28,505 -26,067 29,108 $3,041 a) Calculate the city of Tallahassee's operating margin ratio. (49.66) Assume all transfers in are recurring. Round percentage to two decimals. % b) Included in expenditures is $28 million in costs related to Hurricane Michael. Calculate the operating margin ratio assuming those costs were not incurred. (47.11) % L

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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