Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

You are a new city council person for the City of Scottsdale, Arizona. You are aware that several cities have been in the news recently for financial crises for which the council or board is being held accountable. The governing bodies have been criticized for not being aware of the negative signals and trends that obviously led to the cities in challenging financial situations. Although you were assured at the first few council meetings that the city was overall in good financial shape, you want to be sure you "do your homework" and assess the financial condition of the city for yourself. You know that the City of Scottsdale, Arizona, prepares a Financial Trends report each year based on the ICMA's Financial Trends Monitoring System and that it posts.

a. Go to the city's Web site and print a copy of the Financial Trends report. Hint: Look in the Finance, Demographics, Economics areas of the Web site under Budget and Finance. Examine the five-year trend information and make a list of any indicators that are negative.
b. Prepare a list of problems for the next city council meeting that you can ask of the finance manager that will help you understand whether you and the council should be concerned about these negative trends.
c. Describe in your own words whether this city is in good or bad shape based on the indicators. Do the ratios point to areas to which the city should pay particular attention in the future?
d. What other information would you find useful in analyzing the financial performance of this city for the year? 500+ words

I'm just looking for someone's opinion or what they are thinking anything will work.

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M926678

Have any Question? 


Related Questions in Basic Finance

Starting with the economy in long-run equilibrium use the

Starting with the economy in long-run equilibrium, use the aggregate demand- aggregate supply framework to illustrate what would happen to inflation and output in the short run if there were a rise in consumer confidence ...

Assignment questions- question 1 -bonza handtools ltd

Assignment Questions- Question 1 - Bonza Handtools Ltd. manufactures a popular power drill suitable for the home renovator. Financial and other data for this product for the last twelve months are as follows: Sales 20000 ...

Essay questions1 npvaccording to the text the npv rule

Essay Questions 1. NPV According to the text, the NPV rule states that "An investment should be accepted if the NPV is positive and rejected if it is negative." What does an NPV of zero mean? If you were a decision-maker ...

What is the future value of 1200 per month for 20 years at

What is the future value of $1,200 per month for 20 years at 8 percent interest, compounded monthly? As the winner of a special lottery you will receive $8,000,000 a year forever. When you are no longer able to receive t ...

If the rate of return on the sampp 500 index was 23 for

If the rate of return on the S&P 500 index was 23% for 2009, and the risk-free rate at the end of 2009 was 1%, calculate the equity risk premium for 2009. Recalculate the equity risk premium using 1981 data, when the ris ...

1 suppose you have a 1000 face value bond with 12 years to

1. Suppose you have a $1,000 face value bond with 12 years to maturity, a coupon rate of 6% and a yield to maturity of 8%. If the bond makes semiannual payments, what is its price today? 2. Compute the value of Acme Comm ...

An investor has two bonds in her portfolio bond c and bond

An investor has two bonds in her portfolio, Bond C and Bond Z. Each bond matures in 4 years, has a face value of $1,000, and has a yield to maturity of 8.4%. Bond C pays a 10% annual coupon, while Bond Z is a zero coupon ...

1 compute the initial value of a forward-starting swap that

1) Compute the initial value of a forward-starting swap that begins att=1, with maturityt=10and a fixed rate of 4.5%. (The first payment then takes place att=2and the final payment takes place at t=11 as we are assuming, ...

Problem set 11 go to the website Problem Set 1 1. Go to the website

Problem Set 1 1. Go to the website http://online.wsj.com/mdc/page/marketsdata.html, click on the tab "rates," click on the tab "Bonds, Rates and Credit Markets," click on "Treasury Quotes," and then answer the following ...

After reading the article draft a two-page paper by

After reading the article, draft a two-page paper by explaining what you learned about accounting and finance. You can include any reflections related to the article; however, address in paragraph form at least the follo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate