Analyzing results of operations Case Study Example | Topics and Well Written Essays - 500 words

Analyzing results of operations - Case Study Example e is lower in the previous case because it includes the income from taxation, revenues from institutions, rights and privileges, income from dividend, interest, rent and other investments, federal grants and contracts and other income. But in the second case, it includes more details factors other than those mentioned above and these are individual and fiduciary income, corporate income, sales and use, motor vehicle sales and use, motor fuel, premiums of insurance companies, income from selling of alcoholic beverages, income from tobacco products, public service corporations, excise duty on beer and beverages, bank stock, other taxes, wine and spirit, grants and contributions. Thus it can be seen that the government-wide statement of activities has included more detailed factors of income and thus the changes in revenue is higher in the statement. The net change in fund balances is $125585 thousands and change in net position in govt.-wide statement is $ 1060089 thousands. The change s in net position is positive in both the statement but in govt.-wide statement it is much higher as the revenue is higher as compared to the statement of revenues, expenditures and changes in fund balances in the governmental funds. Here we need to provide an understandable explanation of the results of operations of this government from the perspective of both the operating statement. In the statement of revenues, expenditures and changes in fund balances in the governmental funds they govt. has shown the revenues those are mentioned above and expenditures and other financing sources comprising of both cash inflow and outflow. The fund balance in June 30 is $ 637944 thousands and fund balance at 1st July is $ 512359 thousands. Thus the net change in fund balances as per the statement of revenues, expenditures and changes in fund balances in the governmental funds is $ 125585 thousands. In case of the government-wide statement of activities, the govt. has shown the revenues those