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Chapter 11

Granof-5e

Chapter 11

Granof-5e

Financial Indicators (Cont’d)

Issue in interpreting financial indicators:

Should ratios be based on government-wide,  general fund, or a combination of both?

It depends on why the measure is being calculated and how it will be interpreted.

Fiscal effort:

Extent to which a government is taking advantage of its fiscal capacity.

Fiscal effort = Per capita revenue from own sources

Median family income

                OR

Revenue from own sources

Total appraised value of property

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