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Determination of major funds Tilker Springs has five governmental funds and one enterprise fund. The following table shows the total assets, liabilities, revenues, and expenditures/expenses

Determination of major funds

Tilker Springs has five governmental funds and one enterprise fund. The following table shows the total assets, liabilities, revenues, and expenditures/expenses in each of the funds. (Amounts are in thousands.)

General Fund Grant Special Revenue Fund Community Special Revenue Fund Capital Projects Fund Debt Service Fund Water Enterprise Fund
Total Assets 366,022 3,559 13,185 95,558 1,400 148,512
Total Liabilities 35,706 1,144 856 13,065 0 10,345
Total Revenues 560,698 13,432 12,282 16,208 0 19,228
Total Expenditures 531,110 14,155 3,441 90,386 1,600
Total Expenses 13,921

Consider the above thresholds answer the following questions.

Which of the funds of Tilker Springs are major funds?

Grant Special Revenue Fund, Capital Projects and Water Enterprise Fund

General Fund, Community Special Revenue Fund, and Capital Projects Fund

Grant Special Revenue Fund, Capital Projects Fund, and Water Enterprise Fund

General Fund, capital Projects Fund and Water Enterprise Fund

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