the duty of fiduciary responsibility. terminology budgeting & accounting approval, adoption,...
TRANSCRIPT
![Page 1: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/1.jpg)
The Duty of Fiduciary Responsibility
![Page 2: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/2.jpg)
Terminology
• Budgeting & Accounting• Approval, Adoption, & Allocation• Fund Structure
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Budget Reports
• Balance Sheet• Statement of Revenues &
Expenditures
![Page 4: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/4.jpg)
Profit Margin
• Net Income/Revenue
![Page 5: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/5.jpg)
Profit Margin
• $ 8,861 2,156,478
![Page 6: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/6.jpg)
Return on Assets
• Net Income/Assets
![Page 7: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/7.jpg)
Return on Assets
• $ 8,861 10,643,701
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Current Ratio
• Current Assets/Current Liabilities
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Current RatioCurrent Ratio
• $2,452,788 1,192,237
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Quick Ratio
• Cash + Securities + Receivables Current Liabilities
![Page 11: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/11.jpg)
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
![Page 19: The Duty of Fiduciary Responsibility. Terminology Budgeting & Accounting Approval, Adoption, & Allocation Fund Structure](https://reader036.vdocument.in/reader036/viewer/2022062408/56649ebe5503460f94bc7995/html5/thumbnails/19.jpg)
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 Income+Depreciation+Interest 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?