The City of Fox is evaluating which of its funds it will present as a major fund in its fund financial statements at December 31, Year 1. The city presents the following partial listing of asset data at December 31, Year 1: Total Governmental Fund Type Assets. 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 200,000

Based purely on assets, how many funds should be displayed as major funds?

Answer is 4. Which four funds are major fund, how do you get this answer