Kissimmee financial condition.edited

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1 Kissimmee Financial Condition Student Name Institutional Affiliation Course Number: Course Name Instructor Assignment Due Date
2 Kissimmee Financial Condition Government entities must balance their expenditures with revenues to secure sustainable growth and provide their citizens with essential products and services. This balance is intricate, and governments often resort to debt. A financial condition assessment of Kissimmee City in Florida using five of the eighteen indicators suggested by the state provides a snapshot of the city's financial status and how to deal with unfavorable results. State-suggested Indicators FINANCIAL INDICATORS: 2018 2019 2020 2021 1 Change in Net Position/ Beginning Net Position 10.41 % 10.12 % 3.19 % 9.14 % 2 Unassigned and Assigned FB + Unrestricted Net Position $ 33,034,000 $ 37,188,867 $ 56,083,661 $ 38,522,202 3GF Unassigned and Assigned FB/ Total Expenditures - GF 48.29 % 47.61 % 48.42 % 53.10 % 3G Unassigned and Assigned FB/ Total Expenditures - G 29.97 % 29.09 % 47.88 % 37.62 % 4GF Cash & Investments/ Current Liabilities - GF 1283.44 % 1210.00 % 954.22 % 1649.59 % 4G Cash & Investments/ Current Liabilities - G 800.48 % 611.20 % 544.57 % 929.49 % 4P Cash & Investments/ Current Liabilities - P 299.86 % 281.66 % 337.07 % 326.42 % 5G Cash & Investments/ 909.43 % 795.85 % 793.26 % 944.05 %
3 (Total Expenditures/ 12) - G 5P Cash & Investments/ (Total Operating Expenses/ 12) - P 425.95 % 467.09 % 456.61 % 512.27 % 6G Current Liabilities/ Total Revenues - G 10.14 % 11.86 % 13.51 % 8.01 % 6P Current Liabilities/ Total Operating Revenues - P 12.69 % 13.69 % 11.24 % 12.85 % 7 Long-Term Debt/ Population - G $ 1,152 $ 1,127 $ 57 $ 830 8 Excess of Revenues Over (Under) Expenditures/ Total Revenues - G -7.07 % -9.28 % -11.32 % 5.41 % 9 Operating Income (Loss)/ Total Operating Revenues - P -7.24 % 0.92 % 0.40 % 1.76 % 10G Intergovernmental Revenues/ Total Revenues - G 48.41 % 47.93 % 49.49 % 52.88 % 10P Intergovernmental Revenues/ Total Operating Revenues - P 0.00 % 0.00 % 0.00 % 0.00 % 11G Unassigned and Assigned FB/ Total Revenues - G 32.08 % 31.79 % 53.30 % 35.59 % 11P Unrestricted Net Position/ Total Operating Revenues - P 9.54 % 15.92 % 17.47 % 13.81 % 12 Total Revenues/ Population - G $ $ $ $
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