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The Township of Thomasvilles General Fund has the following net resources at year end: $65,000 of prepaid insurance $375,000 rainy day fund approved by the
The Township of Thomasvilles General Fund has the following net resources at year end:
- $65,000 of prepaid insurance
- $375,000 rainy day fund approved by the township governing board with specific conditions for its use
- $2,500 of supplies inventory
- $60,000 state grant for snow removal
- $150,000 contractual obligations for the purchase of equipment
- $200,000 to be used to fund government operations in the future
- Outstanding encumbrance of $80,000 for the purchase of furniture & fixtures
What would be the total Restricted Fund balance?
$275,000
$210,000
$150,000
$60,000
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