The%20Duty%20of%20Fiduciary%20Responsibility

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The Duty of Fiduciary Responsibility
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Terminology

• Budgeting Accounting
• Approval, Adoption, Allocation
• Fund Structure

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Budget Reports

• Balance Sheet
• Statement of Revenues Expenditures

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Profit Margin

• Net Income/Revenue

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Profit Margin

• 8,861
• 2,156,478

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Return on Assets

• Net Income/Assets

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Return on Assets

• 8,861
• 10,643,701

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Current Ratio

• Current Assets/Current Liabilities

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Current Ratio
Current Ratio

• 2,452,788
• 1,192,237

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Quick Ratio

• Cash Securities Receivables
• Current Liabilities

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Quick Ratio

• 1,096,044
• 1,192,237

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Days Receivable

• Net Accounts Receivable
• (Revenues/365)

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Days Receivable

• 61,922
• 33,330

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Days Inventory

• Inventory
• (Cost of Goods Sold/365)

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Days Inventory

• 159,354
• 1,522

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Turnover

• Revenue
• Total Assets

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Turnover

• 2,165,339
• 10,643,701

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Debt/Equity Ratio

• Liability
• Equity

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Debt/Equity Ratio

• 3,957,237
• 6,655,512

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Leverage

• Assets
• Equity

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Leverage

• 10,643,701
• 6,655,512

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Debt Service

• Net IncomeDepreciationInterest
• Principle Repayment Interest

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Debt Service

• 303,661
• 6,450

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Basic Questions

• Ahead or behind?
• Anything to be concerned about?

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Additional Questions

• Most important source of revenue?
• Fastest growing expense?
• Does budget support goals?