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Below is information on total assets for various funds of the State of Connecticut (all amounts are in thousands of dollars). Fund Assets General $900

Below is information on total assets for various funds of the State of Connecticut (all amounts are in thousands of dollars).

Fund Assets

General $900

Banking Special Revenue Fund 1,700

Insurance Special Revenue Fund 800

Permanent Fund 1,400

Debt Service Fund 4,500

Clean Water Enterprise Fund 1,500

UConn Enterprise Fund 21,000

Information Technology Internal Service 28,500

State Teachers Pension Fund 6,800

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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