Financial Information:

It can be said that the performance of the city of Radford and Harrisonburg has improved while the financial performance of the city of Charlottesville hasbeen deteriorated as per the statement of net position. There is a reduction in the net position of Charlottesville, the total assets of the city have grown by a little amount while the liabilities of the city have grown drastically which makes the net position worse. However, the other two cities show good performance, their assets have grown at a better rate as compared to growth in liabilities.

The generalfund balance of Radford has decreased while the general fund balances of other two cities haveincreased. It can be said that the performance of Radford is unfavorable in this regard as compared to the performances of other cities which have seen an extremely positive increase in the fund balance. However, it can be said that the reduction in the general fund balance of Radford is very lowwhich can be improved if the performance of Radford is slightly improved.

The operating reserve ratio of Radford is higher than Charlottesville. It can be argued that the performance of Radford is way much favorable than Charlottesville but less favorable than Harrisonburg. The main reason for this increased ratio of Radford is the lowered total expenses as compared to the net assets.

On the other hand, the not assigned fund balances of Radford are very low as compared to the total expenditure on general funds. The other two cities have high ratio of unassigned fund to the total expenditure on general funds which depicts poor performance of Radford in this regard.
Government and Nonprofit Accounting Harvard Case Solution & Analysis

Revenues Capacity Information:

The largest two sources of revenue for Charlottesville arereal estate taxes and other local taxes, and they account for almost 74% of the revenues of the city. On the other hand, the larger portion ofrevenue for the Radford city comes from the same sources i.e. general property taxes and other local taxes. Almost 55% of the total revenues of Radford comes from these two sources only which reflects the importance of these sources to Radford. And finally the two largest sources of revenue for Harrisonburg are also the same as Radford and Charlottesville i.e. property taxes and local taxes and the percentage of total revenue from these two sources is 80% which is quite high.

The local source revenue per capita of Charlottesville, Radford and Harrisonburg is $570.34, $908.76 and $713.87. The local source revenue per capita of Radford is substantially higher than the other two cities. The performance of Radford appears to be very good when it comes to local source revenue per capita as compared to the performance of other cities. However, it can be said that there are huge differences between the characteristics which could make the performance of other cities even better. The population of Charlottesville is very large as compared to Radford, the number of residents of Charlottesville is almost 100% more than the residents of Radford which by default affects the local source revenue per capita.

The city which has higher local source revenue per capita has higher ability to support its programs from local source revenue. However, it can be argued that Radford has great ability and financial reserves available to fulfill its various local programs........................

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