KBack SJC_2016_CAFR.pdf Q ST. JOHNS COUNTY, FLORIDA BALANCE SHEET-GOVERNMENTAL FUNDS September 30, 2016 St. Johns County Total General ASSETS Trust DistrictAgency Equity in pooled cash and cash equivalents Investments Accounts and notes receivable (net of allowance for uncollectibles) Notes receivable Interest receivable Advances to other funds Due from other funds Due from other governments S 13,036,556 0,809,350 3.411,334539,846S 5,769 40,700,334 57,703,839 19,121,741 32,718,926 794,616 84,565 10,902,443 56,248 28,178 4,691,022 1,089,971 450,259 105,475 2,207,694 870,263 1,959,316 2,717,555 753,907 303,554 2,250,375 916,394 4,133,771 325,248 293,837 776,720 303,648 85,336 42,681 ,443,616 168,678 279,638 241,426 27.630 14,284 TOTAL ASSETS LIABILITIES AND FUND BALANCES Accounts payable and accrued liabilities S 5,475,0265,296,929 S 830,000 $ 6,188 2,519,59014,127,733 684,826 2,250,375 1,157,792 3,476,595 2,132,311 23,829,632 676,991 Advances from other funds Due to other funds Due to other governments 177,941 3,147,834 181.244 9,659,036 2,250,375 878,835 50,866 548 951,067 7,935,860 TOTAL LIABILITIES FUND BALANCES 349,258 63,068,543 281,671 7245,975 3,286,849 70,266,184 281,671 44,395,090 (1,702,192)46,460,795 2,657,953 279,638 6,903,229 3,205,232 3,938,380 5,503 48,162,987 TOTAL FUND BALANCES 33,484,870 0,841,609 69.243.255 64,690,589 TOTAL LIABILITIES AND FUND BALANCES S 60,770,310 S38,832,004 11,723,023 S 5,769 77,179,115 S188,520,221 The accompanying notes are an integral part of the financial statements Dashboard Calendar Notifications Inbox

Question

. Using the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios for each of the five (5) funds shown and for the “Total Governmental Funds:”
a. Current Ratio
b. Net Working Capital
c. Debt Ratio 1
d. Debt Ratio 2
e. Unrestricted Net Assets Ratio
f. Response Ratio

KBack SJC_2016_CAFR.pdf Q
ST. JOHNS COUNTY, FLORIDA
BALANCE SHEET-GOVERNMENTAL FUNDS
September 30, 2016
St. Johns County
Total
General
ASSETS
Trust
DistrictAgency
Equity in pooled cash and cash equivalents
Investments
Accounts and notes receivable (net of
allowance for uncollectibles)
Notes receivable
Interest receivable
Advances to other funds
Due from other funds
Due from other governments
S 13,036,556
0,809,350
3.411,334539,846S
5,769 40,700,334 57,703,839
19,121,741
32,718,926
794,616
84,565
10,902,443
56,248
28,178
4,691,022
1,089,971
450,259
105,475
2,207,694
870,263
1,959,316
2,717,555
753,907
303,554
2,250,375
916,394
4,133,771
325,248
293,837
776,720
303,648
85,336
42,681
,443,616
168,678
279,638
241,426
27.630
14,284
TOTAL ASSETS
LIABILITIES AND FUND BALANCES
Accounts payable and
accrued liabilities
S 5,475,0265,296,929 S
830,000 $
6,188
2,519,59014,127,733
684,826
2,250,375
1,157,792
3,476,595
2,132,311
23,829,632
676,991
Advances from other funds
Due to other funds
Due to other governments
177,941
3,147,834
181.244
9,659,036
2,250,375
878,835
50,866
548
951,067
7,935,860
TOTAL LIABILITIES
FUND BALANCES
349,258
63,068,543
281,671
7245,975
3,286,849
70,266,184
281,671
44,395,090
(1,702,192)46,460,795
2,657,953
279,638
6,903,229
3,205,232
3,938,380
5,503
48,162,987
TOTAL FUND BALANCES
33,484,870
0,841,609
69.243.255
64,690,589
TOTAL LIABILITIES AND FUND BALANCES
S 60,770,310 S38,832,004 11,723,023 S
5,769 77,179,115 S188,520,221
The accompanying notes are an integral part of the financial statements
Dashboard
Calendar
Notifications
Inbox
Expand
Transcribed Image Text

KBack SJC_2016_CAFR.pdf Q ST. JOHNS COUNTY, FLORIDA BALANCE SHEET-GOVERNMENTAL FUNDS September 30, 2016 St. Johns County Total General ASSETS Trust DistrictAgency Equity in pooled cash and cash equivalents Investments Accounts and notes receivable (net of allowance for uncollectibles) Notes receivable Interest receivable Advances to other funds Due from other funds Due from other governments S 13,036,556 0,809,350 3.411,334539,846S 5,769 40,700,334 57,703,839 19,121,741 32,718,926 794,616 84,565 10,902,443 56,248 28,178 4,691,022 1,089,971 450,259 105,475 2,207,694 870,263 1,959,316 2,717,555 753,907 303,554 2,250,375 916,394 4,133,771 325,248 293,837 776,720 303,648 85,336 42,681 ,443,616 168,678 279,638 241,426 27.630 14,284 TOTAL ASSETS LIABILITIES AND FUND BALANCES Accounts payable and accrued liabilities S 5,475,0265,296,929 S 830,000 $ 6,188 2,519,59014,127,733 684,826 2,250,375 1,157,792 3,476,595 2,132,311 23,829,632 676,991 Advances from other funds Due to other funds Due to other governments 177,941 3,147,834 181.244 9,659,036 2,250,375 878,835 50,866 548 951,067 7,935,860 TOTAL LIABILITIES FUND BALANCES 349,258 63,068,543 281,671 7245,975 3,286,849 70,266,184 281,671 44,395,090 (1,702,192)46,460,795 2,657,953 279,638 6,903,229 3,205,232 3,938,380 5,503 48,162,987 TOTAL FUND BALANCES 33,484,870 0,841,609 69.243.255 64,690,589 TOTAL LIABILITIES AND FUND BALANCES S 60,770,310 S38,832,004 11,723,023 S 5,769 77,179,115 S188,520,221 The accompanying notes are an integral part of the financial statements Dashboard Calendar Notifications Inbox

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Finance

Related Finance Q&A

Find answers to questions asked by students like you.

Q: How to calculate breakeven balance

A: Break even analysis explains how much total revenue is required to cover both the fixed and variable...

Q: What is the risk-neutral valuation of a six-month European put option to sell a security for a price...

A: We will straight way use the Black Schole Model to value the put option.Inputs are:Current stock Pri...

Q: In many of the resources I've found in regards to the Black-Scholes Formula, it uses the natural log...

A: You are right in your observation that all the literature and academic materials available on Black ...

Q: Which of the following would cause lower bond yields? greater maturity risk or more liquidity?

A: Maturity risk premium: It is the measure of additional return that is expected in an investment by b...

Q: Please address legislation passed that increased protection for homeowners from foreclosure or at le...

A: Foreclosure is a legal process where a lender or a creditor or mortgage holder can recover or sell t...

Q: Could you show me to solve this problem step by step. Please

A: The equation we have to solve is as shown on the white board. We will take the following approach.As...

Q: Your stock goes down 5.3%, then up 1.4%, and up again 4.7% over a 3 day period. What was the average...

A: We have:Day                                                     Percentage Increase (+)/Decrease (-)...

Q: A firm has two possible investment with the following cash inflows. Each investment cost $480, and t...

A: Upon visula Inspection, we can deduce that investment A will have shorter payback period (<2 year...

Q: Critique this statement: “The use of debt financing lowers the net income of the firm, and hence deb...

A: The statement has two parts:The use of debt financing lowers the net income of the firm,Hence debt f...

Q: suppose the rate of $1 for yen is 83 yen, what is 2,5000,000 in dollar

A: Given amount = A = 25,000,000 YenExchange rate (Yen / $) = 83 ie. 83 Yen = 1 $We have to express A i...

Q: And what are the expected returns for stocks A and B if the conditions are as follows? A0 0.03...

A: Calculation of Expected Return for Stock A:

Q: Suppose Hornsby Ltd. just issued a dividend of $2.55 per share on its common stock. The company paid...

A: Calculating the value of cost of equity capital using arithmetic growth rates. We have,(a) Arithmeti...

Q: The Company dividend appears to grow smoothly at a constant rate of 5.5%. Analysts forecast that nex...

A: Recall the Gordan Growth Model with constant growth. Price at any time t is given byPt = Dt+1 / (ke ...

Q: Assume the​ zero-coupon yields on​ default-free securities are as summarized in the following​ table...

A: Calculation of coupon value:

Q: Why should a real estate listing contract be in writing and what are the essential elements of a lis...

A: Real estate contracts refer to legal aggreement between different parties. It is enforceable by law ...

Q: The common stock of Company XLT and its derivative securities currently trade in the market at the f...

A: Part (a)Let's denote current stock price as S0, call premium as C, put premium as P, strike price as...

Q: The Nickelodeon Manufacturing Co. has a series of $1000 par value bonds outstanding. Each bond pays ...

A: a)Calculation of Current Price of Bonds with 3 years maturity:Excel Spreadsheet: 

Q: Suppose a security follows a geometric Brownian motion with interest rate r=0.01, volatility paramet...

A: The formula I have for simlating the prices have mu and sigma, but no r (Interest rate). Please repo...

Q: What is the future value in 12 years of $1,000 payments received at the beginning of each year for t...

A: As a first step, let's gather all the information that question has to offer.Annuity investment = A ...

Q: Consider a project lasting one year only. The initial outlay is $1,000 and the expected inflow is $1...

A: Before we get into solving this problem, let's recall two formulae and concepts:For a project lastin...

Q: your client wants to buy a new car. the financing terms are: sticker price: 100,000.00 usd cash disc...

A: Upfront purchase price = $ 100,000 - 21% discount = 79,000Hence, PV = - 79,000Otherwise under instal...

Q: NoGrowth Corporation currently pays a dividend of $2.08 per​ year, and it will continue to pay this ...

A: Cost of Equity: It is the cost of the company while raising finance by issuing equity. It is earning...

Q: Can you help me solve this step by step. Thank you

A: Please see the white board. 

Q: The following companies have different financial statistics.    Texas Burgers Tom's Hot Dogs Gr...

A: Texas Burgers:It has got projects that can lead to healthy growth of 22% in sales and earningsLimite...

Q: Tip Top Hats (TTH) is expected to grow at a 4 percent rate for as long as it is in business. Current...

A: a)Calculation of Cost of Retained Earnings:Here “D1” denotes the dividends for the next year, “P0”de...

Q: Sadik Inc.'s bonds currently sell for $1,242.65 and have a par value of $1000. They pay a $105.00 an...

A: The yield to call on the bond can be calculated using the RATE function of excel. Inputs of the RATE...

Q: How I RESOLVE THIS PROBLEM Sun instrument expects to issue new stock at $34 a share with estimated f...

A: Calculation of cost of retained earnings:

Q: Participation #6:   Why is it desirable to construct capital budgeting rules so that higher-risk pro...

A: A risk is a probability of unfavorable outcome. All investments are subjected to risks.  So, a high ...

Q: The simplified balance sheet for the Dutch manufacturer Rensselaer Felt (figures in € thousands) is ...

A: Recall the popular equation:Ra = Ws x Rs + Wd xRd + We x Rewhere Ra = return on assets;Ws, Wd and We...

Q: Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000...

A: Calculation of gain or loss on retirement:

Q: The rise of globalization is due to the many companies that have become multinational corporations f...

A: Relative interest rate constitute as one of the major factors in determining the exchange rates. For...

Q: Hello,  I'm having a hard time with finance in general. I can do basic math with out difficulity but...

A: Finance or financial management involves handling of large quantum of money. Whenever money exchange...

Q: Use the compound interest formula A = P(1 + i)n to find the indicated values A = $6,000; i = 0.03; n...

A: Compounded Interest:           It is the method for computing interest at the initial amount of prin...

Q: Tommy’s Automotive Group currently has 6,400,000 shares of stock outstanding and will report earning...

A: Calculate the value of immediate dilution potential for this new stock issue. We have,Earnings per s...

Q: The following are the current coupon yields to maturity and spot rates of interest for six U.S. Trea...

A: In the next step, we identify the values from the question. 

Q: A company has just raised $6 million by issuing 4000 12-year 11% bond at par. It's predicted that th...

A: Current characterisitics of the bond:Time to maturity = 12-yearsCoupon = 11% bondPriced at par

Q: Ezzell Enterprises' noncallable bonds currently sell for $1,198.50. They have a 5-year maturity, sem...

A: Before we get into the question, let's understand the following equation:Yield to maturity of the bo...

Q: Use the 2016 FICA tax rates, shown below, to answer the following question. If a taxpayer is not sel...

A: The tax payer is not self employed. He will therefore be governed by the employee's tax rates.Income...

Q: R.S. Green has 250,000 shares of common stock outstanding at a market price of $28 a share. Next yea...

A: Cost of Equity:Cost of equity is the amount or rate which a company bears for the issue of share. In...

Q: Two bonds, bond A and bond B, are identical except that bond A is convertible and bond B is not. Whi...

A: A convertible bond has an option to convert into equity shares of the company, built into the bond. ...

Q: One of the important components of multinational capital budgeting is to analyze the cash flows gene...

A: First question - Multiple choiceThe correct answer is first option: The Parent company at a high cos...

Q: If a family spent $250 a week on their typical purchases in 1950, how much would those purchases hav...

A: Calculating the cost of purchases in 1980 using consumer price index. We have,1980 purchases = 1950 ...

Q: A firm has the  following investing alternative:                                  Cash Inflows Year ...

A: Since the question has multiple sub parts, I will address the first five sub parts. Please post the ...

Q: A firm has a market value equal to its book value. Currently, the firm has excess cash of $2,000 and...

A: Outstanding Shares: The number of shares that are currently held by the company’s shareholders are r...

Q: Assume that you were recently hired as assistant to Jerry Lehman, financial VP of Coleman Technologi...

A: Note:Since we are entitled to answer up to 3 sub-parts, we shall answer the first 3 as you have not ...

Q: A 25-year annuity was purchased with $225,000 that had accumulated in a RRSP.  The annuity provides ...

A: This question is based solved using Excel functions:PMT: Tells us monthly mortgage payment on a loan...

Q: Block, S., Hirt, G., & Danielsen, B. (2017). Foundations of Financial Management. New York, NY: ...

A: Part (A)City Farm has $5 million per day in collections and $3 million per day in disbursementsColle...

Q: Bethesda Mining is a midsized coal mining company with 20 mines located in Ohio, Pennsylvania, West ...

A: Given, Value of land is $6,500,000.Equipment cost is $95,000,000.Equipment life is 7 years.Equipment...

Q: What is the present value of end-of-year cash flows of $9,000 per year, with the first cash flow rec...

A: Cash flow: It denotes to the sum of cash that keeps flowing in the business and out of business duri...

Q: Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 3.80 percent that s...

A: Calculation of the cost of preferred stock of the company. We have,Cost of preferred stock = Annual ...