Transcript /~tony/courses/473/Fiduciary%20Presentation.ppt

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 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?