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(7 minutes) The City has a General Fund (GF), Special Revenue Fund (SRF), Capital Projects Fund (CPF), and an Enterprise Fund (EF). Each fund has

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(7 minutes) The City has a General Fund (GF), Special Revenue Fund (SRF), Capital Projects Fund (CPF), and an Enterprise Fund (EF). Each fund has the following totals: GF: Assets $200,000, Liabilities $80,000, Revenues $150,000, Expenditures $140,000. SRF: Assets $30,000, Liabilities $10,000, Revenues $5,000, Expenditures $2,000. CPF: Assets $100,000, Liabilities $40,000, Revenues $75,000, Expenditures $70,000. EF: Assets $300,000, Liabilities $180,000, Revenues $250,000, Expenses $240,000. Based on GASB standards, the major funds the City will report in its fund financial statements are: General Fund, Special Revenue Fund, Capital Projects Fund, and Enterprise Fund. General Fund and Enterprise Fund. General Fund, Capital Projects Fund, and Enterprise Fund. General Fund

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