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The Township of Tigger's General Fund has the following net resources at year end: $69,000 of prepaid insurance $410,000 rainy day fund approved by the

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The Township of Tigger'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 Committed fund balance? $410,000 $560,000 $562,500 $210,000

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