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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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