The City of Oxbow General Fund has the following net resources at year$-$end:

$$199,000$ unexpended proceeds of a state grant required by law to be used for

health education.

$$7,000$ of prepaid insurance.

$$600,000$ rainy day fund approved by city council for use under specified

circumstances.

$$200,000$ budget stabilization fund to be used in the event of revenue shortfall.

$$275,000$ provided for contractual obligations for capital projects.

$$26,000$ unexpended proceeds of a tax required by law to be used for

emergency $911$ services.

$$1,559,000$ total fund balance.