2-22.,) Major Funds. (L.O2-4) At the end of the fiscal year, Palm City was trying to determine which of its funds woul accordance with GASB standards. Palm City has provided the information for Il of its governmental and enterprise funds that is needed to determine major fund classification in accordance with GASB standards. Identify for the city which of its funds should be classified as major and explain how you deter- mined that the fund would be considered major under GASB standards. PALM CITY As of fiscal year-end Total Assets Total Liabilities Total Expenditures/ Expenses Total Revenues Fund Name Governmental Funds General Fund Health & Human Services Fund Community Development Fund Debt Service Fund Enterprise Funds Utility City Airport Golf Course s 4622 110.7 220.5 70.8 528 11.9 20.9 $915.9 118.8 28.4 132.4 $992.8 16.6 134.7 639.4 5,419.5 48.9 97.5 5,017.3 8.6 104.1 616.7 19.6 115.9 661.6 18.1