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Fund balance, both nonspendable and unassigned, can be computed from a limited amount of information. The schedule that follows reports the beginning balances and
Fund balance, both nonspendable and unassigned, can be computed from a limited amount of information. The schedule that follows reports the beginning balances and activity during the year in a town's supplies fund (a gov- ernmental fund). The government accounts for supplies on a consumption basis (in thousands). Fund balance (unassigned), January 1 Fund balance, assigned (encumbered), January 1 Total fund balance, January 1 January 1 Fund balance, nonspendable (inventory), Appropriations (for purchases of supplies) $3,400 Estimated revenues Actual revenues Supplies ordered Supplies received Supplies paid-for Supplies used 3,200 3,300 3,160 3,360 2,800 3,280 $400 240 170 $810 Compute the following (and show your computations): a. Fund balance, nonspendable (inventory), December 31 b. Fund balance, assigned (encumbered), December 31 c. Fund balance (unassigned), December 31
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