Business, 31.03.2021 02:10 wsdafvbhjkl

The City of Oxbow General Fund has the following net resources at year-end: $250,000 unexpended proceeds of a state grand required by law to be used for health education.
$10,000 of prepaid insurance.
$600,000 rainy day fund approved by city council for use under specified circumstances.
$200,000 budget stabilization fund to be used in the event of revenue shortfall.
$275,000 provided for contractual obligations for capital projects.
$26,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.
$1,622,000 total fund balance.
Prepare the fund balance section of the balance sheet.

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The City of Oxbow General Fund has the following net resources at year-end: $250,000 unexpended pro...

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