Center City's General Fund has the following net resources at December 31, 2015: Total assets of $846,000 and liabilities of $137,500. $400,000 rainy day fund approved by the township governing board $3,600 of supplies inventory $15,000 state grant for snow removal $120,000 contractual obligations for capital projects $66,000 of outstanding encumbrances representing purchase orders which will be paid from the General Fund