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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 343 / 352

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© D.L. Crumbley

6. Determine if the following situations are negative indicators of the financial health of a government unit.

h.

Cash and investments divided by current liabilities ratio is decreasing over several years.

i.

Current liabilities divided by total revenues ratio is decreasing.

j.

Fixed costs divided by total expenditures ratio is increasing.

k.

Real Property Taxes Receivables divided by Real Property Tax Revenue ratio is increasing over time.

l.

Debt Service expenditures as a percentage of revenues is greater than 25%.

m.

Debt Service Expenditures divided by Gross Expenditures ratio is decreasing over time.

n.

Gross Revenues – Gross Expenditures : Decreasing over time.

Gross Expenditures

The debt service expenditures as a percentage of revenues is 25% or larger.

A fund balance is greater than 10% of revenues.

Unreserved fund balance divided by gross expenditures ratio is decreasing over time.

The quick ratio of a large state government is 2.2 to 1.

Long-Term Debt divided by population ratio is decreasing over time.

Current Liabilities divided by Gross Revenues ratio is increasing over time.

Tax Levy divided by Tax Limit ratio is decreasing over time.

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