You have been hired by the newly elected Governor/Mayor of your selected municipality, Allen Devine. He is requesting an analysis of the financial health of the state/city.
Write a 6 page consultants report on the financial health of the city. Address the following questions:
How has management described its financial position in the CAFR, and do you agree?
Is this position supported by the financial statements?
Perform a high level ratio analysis and describe what the results could indicate.
Depending on the result of your analysis, suggest a solution to any deficiencies or a potential to increase services.
A simple recitation of the MD&A or GAAP will not be sufficient.
References should be endnotes.
I choose east lansing as my target city.