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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The City of Oxbow General Fund has the following net resources at yearend:
?c $100,000 unexpended proceeds of a state grant required by law to be used for health education.
?c $15,000 of prepaid insurance.
?c $500,000 rainy day fund approved by city council for use under specified circumstances.
?c $25,000 of contractual obligations for capital projects.
?c $50,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.
?c $550,000 to be used to fund government operations in the future.
Required:
Prepare the fund balance section of the Balance Sheet.
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