CONTINUOUS PROBLEM – CHAPTER 13
RATIO
FORMULA
CALCULATIONS
CITY OF MONROE
1) FINANCIAL POSITION (GOVERNMENT–
WIDE, GOVERNMENTAL ACTIVITIES)
Unrestricted Net Position:
Total Expenses: Governmental
Activities
1,808,110
16,193,360
11.2%
2) FINANCIAL POSITION (GENERAL
FUND)
Unassigned Fund Balance
Total Expenditures + Other Financing
Uses
899,750
9,215,100 + 1,662,000
8.3%
3) QUICK RATIO (GOVERNMENT–WIDE,
GOVERNMENTAL ACTIVITIES)
Cash + Current Investments
Current Liabilities
877,620 + 259,000
517,900 + 328,000
1.34
4) LEVERAGE (GOVERNMENT–WIDE,
PRIMARY GOVERNMENT)
Total Liabilities
Total Assets
18,834,800
42,680,410
0.44
5) DEBT SERVICE COVERAGE
(ENTERPRISE FUNDS)
Cash Flows from Operations
Interest Paid + Payments of Principal
266,300
145,500 + 0
1.83 TIMES
6) DEBT SERVICE TO TOTAL
EXPENDITURES (GOVERNMENTAL
FUND–BASIS)
Principal + Interest Expenditure
Total Expenditures: General and
Debt Service Fund
800,000 + 514,000
9,215,100 + 1,154,000 +
160,000
12.5%
7) DEBT PER CAPITA (GOVERNMENT–
WIDE, PRIMARY GOVERNMENT)
Total Liabilities
Population
18,834,800
25,000
$ 753
8) DEBT TO ASSESSED VALUE OF
PROPERTY (GOVERNMENT–WIDE,
PRIMARY GOVERNMENT)
Total Liabilities
Assessed Value of Property
18,834,800
360,000,000
5.2%