Below Is Information on Total Assets for Various Funds of the City

question 7

Essay

Below is information on total assets for various funds of the City of Dublin (all amounts are in thousands of dollars).
$$\begin{array} { | l | r | } \hline { \text { Fund } } & { \text { Assets } } \\\hline \text { General } & \$ 1,300 \\\hline \text { Federal Grants Special Reverue } & 500 \\\hline \text { State Grants Special Reverule } & 200 \\\hline \text { City Hall Capital Projects } & 900 \\\hline \text { Debt Service } & 700 \\\hline \text { Water ard Sewer Enterprise } & 8,000 \\\hline \text { Swirninirig Pool Eriterprise } & 1,000 \\\hline \text { Fleet Maragernent Internal Service } & 10,800 \\\hline \text { Employee Pension Furd } & 6,500 \\\hline\end{array}$$ Requirement: Prepare a schedule computing the threshold for asset amounts that should be used to determine which funds must be reported as major. Identify which funds are major funds.

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