Editor's Note
W. Bartley Hildreth

The Municipal Finance Opportunity Cost Index
Laurence H. Wadler

Duration Calculations in Tax-Exempt Inverse Floaters
Philip J. Fischer

Complexities in Applying the Municipal Financing Reporting Entity Concept
James M. Kurtenbach and Robin W. Roberts

The Effect of the Reporting Entity Definition on Selective Financial Ratios
Sheldon A. Langsam and Gary G. Johnson

Fees and Services in Lieu of Taxes:
Challenging the Tax-Exempt Status of Nonprofit Hospitals
Harvey L. White

Public Moneys and Options:
A Case Study
Russ Ray, Jay Brandi, and James R. Ramsey

A New GAAP Hierarchy for State and Local Governments
Thomas E. Wilson, Jr.