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

$258,000 unexpended proceeds of a state grant required by law to be used for health education.

$18,000 of prepaid insurance.

$607,000 rainy day fund approved by city council for use under specified circumstances.

$208,000 budget stabilization fund to be used in the event of revenue shortfall.

$283,000 provided for contractual obligations for capital projects.

$37,000 unexpended proceeds of a tax required by law to be used for emergency 911 services.

$1,632,000 total fund balance.

Required: Prepare the fund balance section of the Balance Sheet.