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The Village of Lake George's General Fund has the following net resources at December 31, 2014 $5,000 of prepaid insurance $25,000 of property taxes receivable

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The Village of Lake George's General Fund has the following net resources at December 31, 2014 $5,000 of prepaid insurance $25,000 of property taxes receivable - currently due and expected to be collected within 60 days $300,000 rainy day fund approved by the township governing board $82, 500 of supplies inventory $33,000 government grant for city park maintenance $10,000 contractual obligations for the purchase of park fixtures $200,000 to be used to fund government operations in the future Prepare the fund balance section of the Balance Sheet

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