The City of Oxbow General Fund has the following net resources at yearend:
$ unexpended proceeds of a state grant required by law to be used for health education.
$ of prepaid insurance.
$ rainy day fund approved by city council for use under specified circumstances.
$ budget stabilization fund to be used in the event of revenue shortfall.
$ provided for contractual obligations for capital projects.
$ unexpended proceeds of a tax required by law to be used for emergency services.
$ total fund balance.
Required:
Prepare the fund balance section of the Balance Sheet.
tableCITY OF OXBOW,Partial Balance Sheet General Fund,As of December Fund Balances,Nonspendable
