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  3. oxford citys general fund has the following net re

Oxford Citys General Fund has the following net resources at year end: $681,000 total...

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Accounting

Oxford Citys General Fund has the following net resources at year end:

$681,000 total fund balance

$130,000 rainy day fund approved by the township governing board

$2,100 of supplies inventory

$160,000 contractual obligations for capital projects

$87,200 state grant for snow removal

$64,000 of outstanding encumbrances representing purchase orders which will be paid from the General Fund

Required: Prepare the fund balance section of the Balance Sheet

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