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Fiscal Status

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Submitted By simplemindeddx
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A City’s Fiscal Status: A Strategic Analysis

I. General Approach

A. Review the current economic, political and social, environment in which the city operates

B. Identify and assess the impact of key factors likely to affect the city’s economic, political and social environment in the next five years

C. Assess the city’s current status as revealed in its comprehensive annual financial report (taking into account the city’s reporting practices and policies)

D. Forecast the city’s fiscal status for the next five years taking into account the previously identified environmental changes and the city’s likely response to them

II. Current state of, and trends in, the government’s operating environment

A. Population

1. Age of population 2. Income level 3. Educational and skill level 4. Other relevant demographic factors

B. Economic conditions

1. Wealth and income of citizenry (e.g. per capita net worth and income) 2. Major industries (and stability) 3. Unemployment rates 4. Value of property per capita 5. Sales tax base 6. Elasticity of revenues

C. Political climate

1. Overall citizen satisfaction with government 2. “Liberal” or “conservative” citizen view as to role of government 3. Relations with state government and other local governments (e.g. those of surrounding and overlapping entities) 4. Citizen expectations

D. Social conditions

1. Crime rates 2. Other measures of social well-being

III. Changes likely to affect the government’s operating environment – and especially its finances – in the next five years

A. Demographics

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