Fiscal Condition Analysis
Overview
Sound fiscal health is imperative to ensuring the effective operation of governments. Thus, governments should periodically assess their financial condition. Performing a financial condition analysis can provide governments with valuable information on the current and future state of their finances. The analysis can highlight potential fiscal problems and provide information necessary for corrective action. By taking action to address weaknesses and strengthen fiscal health, government can better ensure that resources are available to fund the level and quality of services expected by taxpayers.
Instructions
write an 8-10-pages on fiscal condition analysis of Maumelle, Arkansas analyzing the most recent three-year revenue and expenditures data of Maumelle, Arkansas.
Utilize Excel Tools and charts to compute and create tables to create a fiscal condition analysis for Maumelle, Arkansas.
Focus on the five (5) most important financial indicators for local governments:
Total Revenues
Property Taxes
Sales Taxes
Operating Expenditures
Personnel Costs