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The City of Dallas General Fund has the following net resources at year-end: $257,000 unexpended proceeds of a state grant required by law to be
The City of Dallas General Fund has the following net resources at year-end: $257,000 unexpended proceeds of a state grant required by law to be used for health education $17,000 of prepaid insurance, $606,000 rainy day fund approved by city council for use under specified circumstances. $207,000 budget stabilization fund to be used in the event of revenue shortfall. $282,000 provided for contractual obligations for capital projects $35.000 unexpended proceeds of a tax required by law to be used for emergency 911 services $1,630,000 total fund balance, Required: Prepare the fund balance section of the Balance Sheet
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