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The governmental funds of the City of Westchester report ( $ 601,500 ) in assets and ( $ 214,000 ) in liabilities. The following are
The governmental funds of the City of Westchester report \\( \\$ 601,500 \\) in assets and \\( \\$ 214,000 \\) in liabilities. The following are some of the assets that the government reports. - Prepaid items- \\( \\$ 16,900 \\). - Cash from a bond issuance that must be spent within the school system according to the bond indenture \\( -\\$ 120,000 \\). - Supplies-\\$5,750. - Investments given by a citizen that will be sold soon with the proceeds used to beautify a public park- \\( \\$ 34,500 \\). - Cash that the assistant director of finance designated for use in upgrading the local roads- \\( \\$ 43,750 \\). - Cash from a state grant that must be spent to supplement the pay of local kindergarten teachers \\( -\\$ 59,000 \\). - Cash that the city council (the highest level of decision-making authority in the government) voted to use in renovating a school gymnasium- \\( \\$ 80,750 \\). On a balance sheet for the governmental funds, what fund balance amounts should the City of Westchester report
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