Problem 1_(10 points) for each of the following Govermental Fund balances, please indicate If it is unassigned, spendable, committed, assigned, or restricted. Balance Description Fund Balance Classification 1. $500,000 grant resources remain for a federal government grant for emergency housing assistance for victims of Hurricane Harvey 2. The general fund has $15,000 in inventory. 3. Excel's city manager set aside $30,000 for future development of a fishing pier. The city council is the highest authority. 4. The capital project fund ended the year with a negative fund balance. 5. Excel's city council set aside $5,000,000 in a rainy day emergency fund. The funds can only be used with the approval of two-thirds vote of the city council. 6. Excel's city council passed an ordinance requiring 50% of beach parking permit fees to be set aside for beach cleanup. The amount was $124,000. 7. Excel's general fund statement of revenues, expenditures, and changes in fund balance reported a net change in fund balance of $127,500. 8. Excel's Cemetery Fund has a $1,000,000 permanent endowment that cannot be spent 9. Excel's Library Special Revenue Fund has a $4.500 fund balance. assigned 10. Excel's director of finance has set aside S400,000 in assigned the debt service fund for future bond principal retirement *I States) Focus 000