Learning Goal: I’m working on a finance project and need an explanation and answ

Learning Goal: I’m working on a finance project and need an explanation and answer to help me learn.PART 1
Prepare General Fund financial statements for FY 2020. These statements
2. FY 202, General Fund balance sheet Mod,,lied-accrual basis
2. FY 2020 General Fund operating statement LVIodified-acenal basis PART 2
Calculate year,ver-year r.,,,wvri in General Fund revenues and expenditures (as a percent). Calculate the i,row,lt between FY 2017 and FY 2018, FY 2018 and 2019, and FY 2019 and FY ‘2120. (Do not include other financing sources and uses in your calculations).
A. FY 2017 General Fund total revenue $1,054,490,475.40
B. FY 2017 General Fund total expenditures $1,378,396,370.49 PART 3
Forecast General Fund revenues and expenditures, FY 2021—FY 2023, by employing a three-year rnoving or rolling average. Use the growth rates calculated in Part 2 as inputs. (Do not include other financing sources and uses in your calculations). PART 4
Analyze the FY 2020 General Fund balance sheet and operating statement, the General Fund revenue and expenditure forecast, and answer these questions: 1. What General Fund revenues and expenditures were likely affected by the COVID-19 pandemic and how?
2. Is Erie County financially healthy?
NOTE:
Draft is required (up to 30% of the work)

Leave a Reply

Your email address will not be published.