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The City of Somerset has the following fund information: Fund Assets Liabilities Revenues Expenditures (Expenses) General $ 1,325,400 $ 893,300 $ 4,628,000 $ 4,559,000 Special

The City of Somerset has the following fund information:

Fund Assets Liabilities Revenues Expenditures (Expenses)
General $ 1,325,400 $ 893,300 $ 4,628,000 $ 4,559,000
Special revenue 27,300 20,500 344,000 345,000
Capital projectlibrary 456,500 39,800 462,000 423,500
Capital projectarena 28,300 17,500 41,900 57,600
Debt service 42,300 0 341,500 297,000
Permanent 252,000 0 12,100 18,400
Enterpriseelectric 1,371,000 1,820,700 290,000 250,000
Enterprisewater 1,371,000 1,114,000 334,000 307,000

Required:

Apply the criteria specified in GASB 34 to determine which of these funds meets the major fund reporting

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