Reference no: EM132866562

Preparing the Audit Analysis

You are to preparing for a challenging City Council Meeting. You need to be able to give the other council members and mayor an accurate "city of affairs" to make sure significant cuts can be made in the appropriate areas, and other critical areas can continue to be funded. Using your local cities 2015-2016 budgets, analyze the financial plan to respond to the following questions in a two- to three-page paper:

Question 1: Based on the review of your city's Financial Plan: What is the fastest-growing category of expenditures during the planning period? Justify the answer with examples.

Question 2: What percentage of your city's revenue comes from the general property tax? How much is this tax growing in each year of the financial plan? Justify the answer with examples.

Question 3: Evaluate the existing capacity of refunding or reorganizing existing debt organizations.

Question 4: Analyze the various funding alternatives that can be used to support debt obligations.