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

• $253,000 unexpended proceeds of a state grant required by law to be used for health education.
• $13,000 of prepaid insurance.
• $603,000 rainy day fund approved by city council for use under specified circumstances.
• $202,000 budget stabilization fund to be used in the event of revenue shortfall.
• $279,000 provided for contractual obligations for capital projects.
• $29,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.
• $1,625,000 total fund balance.

Required: Prepare the fund balance section of the Balance Sheet

CITY OF OXBOW
Partial Balance Sheet General Fund
As of December 31, 2017
Fund Balances
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balance