A. For Fauquier County CAFR Review -analyze the governmental entity - its challenges and performance. Your analysis must include, but should not be limited to the issues raised below. The student is required to assess the governmental entity's performance - do not repeat what is in the MD&A - but present in your own words a discussion of your assessment of the entity's performance, using information in the CAFR and other analyses you perform to support your conclusions. (You can see the example of assignment B example (Culpeper County) to have an idea for assignment A.)
1. What challenges does the city face based on a review of the Management, Discussion, and Analysis?
2. What are specific key performance (operating or financial) metrics used to gauge performance of city services? Do you agree these are good metrics to use? Why or why not?
3. Identify the Bond Rating of the reporting entity? What is the economic outlook and financial challenges for the city?
4. Determine the following ratios, discuss and analyze the city's performance accordingly: 1) long-term debt vs. total assets, 2) debt service payments from the bond and interest fund vs. governmental expenditures, and 3) amount of general obligation bonds outstanding vs. population.