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Financial Statement For The City Of Bingham

379 Words2 Pages

I have analyzed the financial statements for the fiscal year 2017 for the City of Bingham. It is my conclusion that the City of Bingham is in good economic health. I examined four financial ratios that I consider good indicators of how the city is operating overall. I calculated the bonded debt per capita, debt to assets ratio, the change in net position, and the BTA self-sufficiency of the water utility operation.
The city’s bonded debt per capita was inspected since bonds were issued to fund the new annex to the city hall. The bonded debt burden for the City of Bingham is $315 per citizen. From the comparable figures I could find for cities of similar populations, $315 is a modest per capita amount.
While I was considering the bonded debt

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