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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (83792)8/25/2008 8:26:33 PM
From: Sr K  Read Replies (1) of 116555
 
I don't agree that because

"the city’s operating costs per month are $275,000 per month, but the town has only collected $53,000 in revenue this month"

means

"The city is currently losing $222,000 a month."

For all cities, revenue is not collected evenly each month over a course of a year.

Proper accounting and communication should not distort cash flows for the purpose of promoting either cuts in services or the need for increased taxes or other revenues. IMO.
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