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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,

  1. 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?

a.

Four.

b.

Five.

c.

Six.

d.

Three.

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