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The Township of Thomasville's General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund approved by the
The Township of Thomasville's General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund approved by the township governing board with specific conditions for its use $1,800 of supplies inventory $60,000 state grant for snow removal $150,000 contractual obligations for the purchase of equipment Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation) . Total Fund Balance is $1,010,500 What would be the total Assigned fund balance? Multiple Choice $105,000 $165,000 $129,000 $315,000
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