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The City of Faberville is evaluating which of its funds it will present as a major fund in its fund financial statements at Dec. 31
The City of Faberville is evaluating which of its funds it will present as a major fund in its fund financial statements at Dec. 31 Yr. 1. The city presents the following partial listing of asset data a Dec 31, yr 1 -Total Government Fund ype assest $3,000,000 -Total Enterprise fund assets $2,000,000 -General Fund assets $280,000 -Community Development special revenue fund $290,000 -Sales Tax Special Revenue Fund $350,000 -General Revenue bonds debt service fund $120,000 -Faberville River bridge capital project fund $1,500,000 -Faberville Water & Sewer utility fund $1,800,000 -Faberville landfill Based purely on assets, how many funds should be displayed as major funds
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