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?