You will have a cover page, abstract, body of report and reference list. The body of the paper will begin with an introductory paragraph that is somewhat like a table of contents, but in sentences. It will tell the reader what is to follow in the report in the exact order that it appears.
There will be headings and subheadings throughout the report so that the reader can easily go to the section of most interest at any particular time.
Toward the end of the body of the report, there will be the following three sections with the following three headings in the following order: Conclusions, Recommendations, and Summary.
The research report is to be a minimum of 10 pages not counting the cover page, reference list and any appendices you have at the end of the paper. The report must be one document. It cannot be a Word document plus Excel or other documents.
A minimum of 6 references are required.
2
2
Title of the Report Goes Here in Bold
Student Name
Masters of Accountancy,
ACG6505 Advance Governmental and Fund Accounting
Dr. Dahli Gray, CPA, CMA, CGMA, CFE
Date
Abstract
Start your text at the beginning of this line. The abstract should be one paragraph in length. The abstract must be a brief statement of the content of the paper or report. It is to be presented with a phrase such as the following: This paper presents the … This included the following conclusions and recommendations … The abstract a very brief summary of your paper. A reader should know all the key information by reading the abstract. Details are presented in the paper. Headings and subheadings help the reader jump to the information of interest without having to read the entire paper or report. Headings and subheadings are required.
Keywords: GASB,
Title of Your Paper in Bold
Without a heading called introduction, type your introduction. It should be like a table of contents, but in sentences. There should headings and subheadings throughout the report. While more headings and subheadings reflecting your topic, at a minimum the following headings should be included:
History
Example Second Level Heading
Example Third Level Heading
Issues Analyzed
Analysis Methods
Analysis Results
Conclusions
Recommendations
Summary
References
Start your references at the beginning of this line. Type “Enter” only at the end of each source’s entry information: the cursor will be repositioned correctly to enter your next source. Notice that each entry is formatted with a hanging indent, meaning the lines after the first line are indented as you see with these “paragraphs”.
Your second source entry will begin here once you type “Enter” at the end of the first source. All subsequent entries will begin at the correct place after you type “Enter”
Running head: FINANCIAL PERFORMANCE CITY OF DORAL 1
FINANCIAL PERFORMANCE CITY OF DORAL 3
Financial Performance City of Doral
Name
Institutional Affiliation
Financial Performance City of Doral
History of City of Doral
Two real estate developers called Doris and Alfred Kaskel who bought 2400 acres of land in late 1950s established City of Doral in the state of Florida. The land was swampy between NW 36 and 74 streets and from NW 79 to NW 117 avenues; they bought the land for $ 49,000 with the aim of building a hotel and a golf course. The Kaskel’s constructed the Carillon Hotel and Doral Beach Hotel on Miami Beach. On the bought land, they constructed a country club and established a hotel, which they named as Doral, which is a combination of their names. So guests at the Miami Beach would be transported to the country club, which featured blue, red and par 3 golf courses. Among the events that were hosted at the country club was Florida’s major PGA event, which was the first Doral Open Invitational (City of Doral, 2020). Subsequently, guests frequented the hotels and the country club.
Between 1980 and 2000, Doral’s grandson called Bill built Doral estates and engaged in a joint venture to build the Doral park. Because of building the estate, younger families flooded the area for shopping sprees because the area had not parks, stores, or schools. The tenants and buyers of the Doral estate came together as a community; whereas there were no traffic problems the rapid construction of the estate and the attraction of many buyers and tenants due to the low cost led the county to impose a building moratorium (City of Doral, 2020). The high population and lack of amenities led to increase in the cost of services. The community in the area established a West Dade Federation of Homeowner Associations in 1989 to safeguard the welfare of the community. As a result of the federations’ effort, there was establishment of police station, lighting, landscaping and roads in the area.
Over time, the ownership of Doral country club and hotel changes when Donald Trump bought the club in 2012 for $150 million. Due to change in ownership, the name of the club changed to Trump National Doral Gold Club. The reputation of the club for its golf courses continued and expanded internationally; for example, the Blue Monster continued to host PGA Tour Tournament until 2016. Apparently, the City of Doral attracts many companies, families, businesses and retires (City of Doral, 2020). Between 2010 and 2016, the population of City of Dorol increased by 26.1% by 12,000 people to 58,000 residents. When the city incorporated in 2003, the population was 22,709, which is half its current population (Madan, 2017).
Financial Developments since 2014
During the last four years, the City of Doral experienced increased construction of buildings and growth of investments that increased the city’s tax base. In 2018, the corporation raised $12.081 billion; the expansion in the tax base arose due to diversification of investments in areas such as retail and wholesale trade, light manufacturing, construction and tourism (City of Doral, 2018). Generally, the corporation’s assets exceeded its deferred inflows of resources and liabilities. The table below shows the a summary of the net position of City of Doral
2015
2016
2017
2018
Total assets
315,068,814
337,519,822
346,143,957
356,376,077
Total liabilities
41,585,954
57,775,513
57,672,302
55,528,269
Net Position
276,044,345
291,877,613
300,590,734
311,036,836
Based on the summary of the net position, the corporation’s liabilities reduced during the last two years; namely 2018 and 2017. However, its total assets increased leading to increase in its net position. Based on the positive financial performance of the corporation, it can meet its budget estimates and effectively plan for future development activities. Notably, during the budget making process, the city of Doral engages the public through public participation policy in order prioritize development areas and ways of expanding or maintaining its revenue base. Among the corporation’s assets that are, the highest are transport, energy and buildings.
Financial ratios of the City
Among the financial ratios that would be considered in this section are total-debt-to-total-assets ratio, debt-to-net assets ratio, and ratio of general bonded debt outstanding. It is important to consider the ratio because it shows the financial leverage of the corporation. Specifically, it considers all the total assets of the corporation including tangible and intangible assets. The ratio measures how much of the corporation’s assets are financed by debt. The ratio indicates how the corporation has grown its assets over time. It helps planners to determine if the corporation has enough assets to meet its debt obligations.
Conclusion
The above overview gives a brief history of City of Doral, how it incorporated and its current financial performance. The city makes its annual budgets by involving its resident who priorities which projects and programs should be funded based on the projected revenue. Based on the comprehensive financial reports, the corporation continues to register increase in assets; however, during the last two years, it registered a reduction in its liabilities. Such trend is beneficial for the financial stability of the corporation.
References
City of Doral, (2020). Doral History. Web. Accessed on 14/3/2020.
City of Doral, (2018). 2018 Comprehensive Annual Financial Report. Web. Accessed on 14/3/2020.
Madan, M. O (2017). Why is Everyone Moving to Doral? Census says it’s the Fastest Growing City in Florida. Web. Accessed on 14/3/2020.