16 Feb Using the Abbreviated Budget, compute the Measures of Solvency for Bay City, Texas for 2022.? Only use the Amended Budget FY 2022 column to compute & place those findings into
Using the Abbreviated Budget, compute the Measures of Solvency for Bay City, Texas for 2022.
Only use the Amended Budget FY 2022 column to compute & place those findings into the chart to create a graph.
Abridged Budget
| Abridged Budget for Bay City, Texas, 2022 | ||||||
| Combined Revenue and Expenditures Summary | ||||||
| Actual FY 2020 | Actual FY 2021 | Amended Budget FY 2022 | Projected FY 2022 | Adopted FY 2023 | % Change Budget FY 2022 to Adopted FY 2023 | |
| Funding Sources | ||||||
| Property Tax | 5,728,874 | 5,965,544 | 6,212,202 | 6,121,770 | 6,631,192 | 6.74% |
| Sales and Use Tax | 4,999,150 | 4,980,165 | 5,082,000 | 5,078,250 | 5,063,000 | -0.37% |
| Franchise Tax | 1,258,458 | 1,263,438 | 1,298,000 | 1,273,000 | 1,361,000 | 4.85% |
| Hotel/Motel Tax | 666,649 | 640,386 | 600,000 | 615,000 | 620,000 | 3.33% |
| Licenses and Permits | 205,985 | 193,014 | 193,500 | 194,895 | 198,500 | 2.58% |
| Charges for Services | 10,084,944 | 10,939,588 | 11,007,000 | 11,205,112 | 12,414,500 | 12.79% |
| Fines and Penalties | 283,393 | 331,851 | 312,300 | 327,504 | 335,800 | 7.52% |
| Other Revenues/Sources | 1,081,024 | 1,348,616 | 195,500 | 225,000 | 421,500 | 111% |
| Miscellaneous | 1,951,026 | 2,535,633 | 1,561,998 | 1,752,373 | 1,818,508 | 16.42% |
| Intergovernmental | 1,595,999 | 2,914,125 | 1,882,000 | 1,637,000 | 1,102,000 | -41.45% |
| Prior Fund Balance | – | – | 2,646,000 | – | 1,485,000 | -43.88% |
| Total Revenues & Transfers | 27,855,502 | 31,112,361 | 30,990,500 | 28,429,904 | 31,442,000 | 1.46% |
| Expenditures | ||||||
| General Government | 3,959,232 | 3,959,356 | 4,478,530 | 4,430,150 | 4,781,654 | 6.77% |
| Streets | 3,430,354 | 3,838,132 | 4,451,662 | 4,449,400 | 4,020,859 | -9.68% |
| Public Safety | 4,981,814 | 5,499,838 | 5,646,810 | 5,642,289 | 5,628,051 | -0.33% |
| Parks & Recreation | 2,345,165 | 2,229,613 | 2,522,498 | 2,283,145 | 2,249,436 | -10.83% |
| Water & Sewer | 10,024,756 | 9,050,489 | 10,148,000 | 8,653,369 | 11,112,000 | 9.50% |
| Airport | 793,689 | 897,916 | 673,000 | 672,675 | 873,000 | 29.72% |
| Hotel Motel | 623,421 | 649,757 | 1,017,000 | 711,230 | 717,000 | -29.50% |
| Interest & Sinking | 1,377,673 | 4,184,105 | 2,053,000 | 2,052,933 | 2,060,000 | 0.34% |
| Total Revenues & Transfers | 27,536,105 | 30,309,206 | 30,990,500 | 28,895,191 | 31,442,000 | 1.46% |
| Government-Wide Financial Analysis City of Bay City, Texas Net Position (in dollars) | ||||||
| Total 2022 | ||||||
| Curent Assets | $ 15,429,273 | |||||
| Capital Assets | $ 50,380,696 | |||||
| Total Assets | $ 65,815,497 | |||||
| Current Liabilities | $ 5,863,375 | |||||
| Noncurrent Liabilities | $ 24,983,882 | |||||
| Total Liabilities | $ 30,847,257 | |||||
| Restricted Assets | $ 7,532,535 | |||||
| Unrestricted Assets | $ 27,185,504 |
Financial Indicators
| Bay City, Texas FY 2022 | ||||
| Current, Operating, and Net Asset Ratio | ||||
| Dollar Amount | Ratio | |||
| Cash Solvency: | ||||
| 1 | Current Ratio | Current Assets | ||
| Current Liabilites | ||||
| Ratio | ERROR:#DIV/0! | |||
| Budget Solvency | ||||
| 2 | Operating Ratio | Total Revenue | ||
| Total Expenses | ||||
| Ratio | ERROR:#DIV/0! | |||
| Long-Run Solvency | ||||
| 3 | Net Asset Rato | Total Assets | ||
| Restricted + Unrestricted Assets | ||||
| Ratio | ERROR:#DIV/0! | |||
Measures of Solvency Ratios for Bay City, TX
FY 2022
Current Ratio Operating Ratio Net Asset Rato 0 0 0
Type of Ratio
Ratios
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