The City of Oxbow General Fund has the following net resources at year-end: $268,000 unexpended proceeds of a state grant required by law to be used for health education.
$28,000 of prepaid insurance.
$617,000 rainy day fund approved by city council for use under specified circumstances.
$218,000 budget stabilization fund to be used in the event of revenue shortfall.
$293,000 provided for contractual obligations for capital projects.
$57,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.
$1,652,000 total fund balance.

Required:
Prepare the fund balance section of the balance sheet.

PARTIAL BALANCE SHEET - GENERAL FUND

FUND BALANCES

                                                    $

NONSPENDABLE  

--Prepaid Insurance          28,000

RESTRICTED

--Intergovernmental Grants268,000

--Emergency services          57,000

COMMITTED  

--Rainy Day Fund                 617,000

--Capital Projects                 293,000

ASSIGNED  

UNASSIGNED                389,000

TOTAL FUND BALANCE    1,652,000

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

c is the correct answer.