Public Budgeting and Financial

ADM-626 – Public Budgeting and Financial Management

Topic 6 – Budget Justifications

Benchmark – Module 26

Directions: Go to https://study.sagepub.com/chen2e to access the tables and data for Module 26. Using the information from the zip file answer the following questions.

Use the financial statements from Charlottesville, Virginia, to conduct your own analysis. The statement from the year 2013 is in Tables 26.2 and 26.3; the statement from 2012 is provided in Tables 26.6 and 26.7. Statements from two years are provided to allow a comparison between years.

Use the format in Table 26.6 and add an additional column for FY2012 so that the ratios can be compared side by side.

1. City A’s balance sheet is shown in Table 26.8. Calculate the following:
   1. current ratio
   2. working capital
   3. quick ratio
   4. the common-size ratios for cash, advance payments, receivables, and restricted assets.
2. City B’s balance sheet is shown in Table 26.9. Calculate the following:
   1. current ratio
   2. working capital
   3. quick ratio
   4. the common-size ratios for cash, advance payments, receivables, and restricted assets.

This benchmark assignment assesses the following programmatic competencies: 1.5: Use technology to manage data and organize information and 2.2: Analyze a budget and balance the sources and uses of funds.