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Financial Trends. You are a new city council person for the City of Scottsdale, Arizona.

Financial Trends. You are a new city council person for the City of Scottsdale,
Arizona. You are aware that several cities have been in the news
recently for financial crises for which the council or board is being held
accountable. The governing bodies have been criticized for not being aware
of the negative signals and trends that obviously contributed to challenging
financial situations. Although you were assured at the first few council
meetings that the city was overall in good financial shape, you want to be
sure you “do your homework” and assess the financial condition of the city
for yourself.
You know that the City of Scottsdale, Arizona, prepares a Financial Trends
report each year based on the ICMA’s Financial Trends Monitoring System
and that it posts this on its Web site at www.scottsdaleaz.gov.
Required
a. Go to the city’s Web site and view a copy of the Financial Trends report.
(Hint: Look in the Finance, Demographics, Economics areas of the Web
site under Budget and Finance. Examine the five-year trend information
and make a list of any indicators that are negative.)
b. Prepare a list of questions for the next city council meeting. Your questions
should help you focus on whether you and the other council members
should be concerned about any negative trends.
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