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The Duty of Fiduciary Responsibility
Terminology
• Budgeting & Accounting• Approval, Adoption, & Allocation• Fund Structure
Budget Reports
• Balance Sheet• Statement of Revenues &
Expenditures
Profit Margin
• Net Income/Revenue
Profit Margin
• $ 8,861 2,156,478
Return on Assets
• Net Income/Assets
Return on Assets
• $ 8,861 10,643,701
Current Ratio
• Current Assets/Current Liabilities
Current RatioCurrent Ratio
• $2,452,788 1,192,237
Quick Ratio
• Cash + Securities + Receivables Current Liabilities
Quick Ratio
• $1,096,044 1,192,237
Days Receivable
• Net Accounts Receivable (Revenues/365)
Days Receivable
• $61,922 33,330
Days Inventory
• Inventory (Cost of Goods Sold/365)
Days Inventory
• $159,354 1,522
Turnover
• Revenue Total Assets
Turnover
• $2,165,339 10,643,701
Debt/Equity Ratio
• Liability Equity
Debt/Equity Ratio
• $3,957,237 6,655,512
Leverage
• Assets Equity
Leverage
• $10,643,701 6,655,512
Debt Service
• Net Income+Depreciation+Interest Principle Repayment + Interest
Debt Service
• $303,661 6,450
Basic Questions
• Ahead or behind?• Anything to be concerned about?
Additional Questions
• Most important source of revenue?• Fastest growing expense?• Does budget support goals?