Items Relating to Debt of Marine City
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Items Relating to Debt of Marine City
For some types of debt, note disclosure is sufficient.
Write a 1000 word, APA style paper on “Note Disclosures”.
In your paper discuss the following items relating to the debt of Marine City, indicate whether and how the debt would be reported on a balance sheet of one of the city’s governmental funds. If it would not be reported on a balance sheet of one of the city’s governmental funds, then state whether it would be reported instead on the government-wide statement of net position or in notes to the financial statements. Insofar as you would need additional information to determine how the debt should be reported, specify such information and tell how it would affect the determination.
Additionally, in your paper briefly justify your responses to the following:
- The city issues $10 million in 30-year, 6 percent revenue bonds to enable a local nursing home to construct new facilities. The facilities will be leased to the home for the term of the bonds, and the lease payments will be exactly equal to the debt service on the bonds. At the expiration of the lease, the property will revert to the home. The bonds are backed exclusively by the lease payments from the nursing home.
- The city issues $20 million in 8 percent BANs, which it expects to refund approximately nine months after year-end, when, it hopes , long-term interest rates will drop.
- As part of an annexation agreement, the city constructs roads to an adjacent municipal utility district. The city funds the roads by issuing $15 million in bonds. The bonds are backed exclusively by assessments on the district’s property owners. Although the city will collect the assessments and transmit the required payments to the bond trustee, the city is barred by both the state constitution and its own charter from assuming responsibility for the debt in the event of property owner defaults.
- Ten years ago, the city issued, at par, $15 million in 6 percent, 20-year GO bonds. After the bonds have been outstanding for six years from the date of issue, they are redeemable at the option of the bondholders. The bonds are rated AAA and are fully insured by a highly reputable bond insurance company. Interest rates on comparable bonds are currently 5 percent.
- A school district, the boundaries of which are the same as the city, has outstanding $120 million of GO bonds. The school district, which is governed by an independently elected board, is not a component unit of the city. However, both derive their revenues mainly from taxes on the same property land the city series as the district’s property tax collection agent.
Be sure to include a title page and 2 references. Only one reference may come from the internet (not Wikipedia). Only the body of the paper will count towards the word requirement
Items Relating to Debt of Marine City
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow