X hits on this document

Powerpoint document

Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 337 / 352

1550 views

0 shares

1 downloads

0 comments

337 / 352

337

© D.L. Crumbley

Office of New York State Comptroller

Indicator 1: Revenue and Expenditures Per Capita

Recurring Revenues Per Capita

a.

Gross Revenues

Population

Gross Expenditures

Population

a.

Recurring Revenues (Gross Revenues – One-Time Revenues)

Population

Negative Trend: Indicator 1b increasing faster than indicator 1a or 1c.

Indicator 2: Real Property Taxes Receivable

Real Property Taxes Receivable

Real Property Tax Revenue

Negative Trend: The percentage increases over time.

Indicator 3: Fixed Costs – Personal Services and Debt Service

Salaries and Fringe Benefits

Gross Expenditures

Debt Service Expenditures

Gross Expenditures

Salaries and Fringe Benefits + Debt Service

Gross Expenditures

Negative Trend: Percentages increasing over time.

Some analysts use a variation of the 3b ratio based upon debt service expenditures as a percentage of revenues. A ratio of 25% for debt service expenditures to “own source” revenues is considered a danger signal.*

* J.R. Razek et. al, Introduction to Governmental and Not-For-Profit Accounting, Prentice-Hall, 2000, p. 412.

Document info
Document views1550
Page views1571
Page last viewedMon Dec 05 09:51:08 UTC 2016
Pages352
Paragraphs4554
Words31092

Comments