At the end of the fiscal year, Palm City was trying to determine which of its funds would be required to be reported as major funds in accordance with GASB standards. Palm City has provided the information for all of its governmental and enterprise funds that is needed to determine major fund classification in accordance with GASB standards. Identify for the city which of its funds should be classified as major and explain how you determined that the fund would be considered major under GASB standards.

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PALM CITY As of fiscal year-end Total Total Expenditures/ Expenses Total Total Fund Name Assets Liabilitles Revenues Governmental Funds $ 462.2 $ 52.8 11.9 $915.9 $992.8 General Fund 110.7 Health & Human Services Fund 118.8 125.1 20.9 Community Development Fund 220.5 28.4 16.6 132.4 Debt Service Fund 70.8 6.1 134.7 Enterprise Funds Utility City Airport 639.4 97.5 104.1 115.9 5,017.3 5,419.5 616.7 661.6 Golf Course 48.9 19.6 8.6 18.1