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...

The Village of Lake George's General Fund has the following net resources at December 31, 2014 5,000

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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

Required:

Prepare the fund balance section of the Balance Sheet.