In this homework, you are asked to review the fiscal monitoring program in New York State via

In this homework, you are asked to review the fiscal monitoring program in New York State via http://www.osc.state.ny.us/localgov/fiscalmonitoring/index.htm
Specifically, you could look at
1) the system manual which details how they measure fiscal stress: http://www.osc.state.ny.us/localgov/fiscalmonitoring/pdf/system-manual.pdf
2) a recent report which shows how they “slice” the data and put it together in a report: http://www.osc.state.ny.us/localgov/fiscalmonitoring/pdf/four-years-munis.pdf
Or,
3) The actual data are provided in the “all data worksheet” at http://www.osc.state.ny.us/localgov/fiscalmonitoring/lists.htm
After reviewing, tell me in your homework three things that you have learned from this review about
assessing fiscal health in terms of why monitor, how to measure and how to report fiscal stress.
Alternatively, you can use the actual data on fiscal health of a local government of your choice to write a
summary of its fiscal health.

SAMPLE SOLUTION

Introduction
Fiscal stability in schools and local governments forms the basis upon which service delivery is witnessed in New York. It is the constitutional mandate of the state comptroller to carry out an analysis and give a report on the affairs of schools and local governments financially. Other than this, the office is also tasked with coming up with monitoring systems of fiscal stress (Crosby & Robbins, 2013). After such an in depth analysis, the office furnishes the public with the information concerning areas that are under financial stress and hence may need government intervention so that disruption in terms of service delivery Is avoided at all costs.
Even though fiscal evaluation does not form the basis under which a conclusion can be made about the management of a school or a local government, it indirectly explains how financial management has to be undertaken. Based on this information and the provided articles, this essay seeks…