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3-2. The City of Oxbow General Fund has the following net resources at year-end: • $250,000 unexpended proceeds of a state gr
Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority 77 • $600,000 rainy day fund approve
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Answer- CITY OF OXBOW

Partial Balance Sheet-General Fund

As of December 31   

  

FUND BALANCES
NONSPENDABLE
--Prepaid Insurance 10,000
RESTRICTED
--Intergovernmental Grants 250,000
--Emergency services 26,000
COMMITTED
--Rainy Day Fund 600,000
--Capital Projects 275,000
ASSIGNED
UNASSIGNED 461,000
TOTAL FUND BALANCE 1,622,000

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