Question: For questions 3-7, based on the information provided below, determine which bulleted item(s) is/are) reported in the fund balance category listed in each transaction: .

 For questions 3-7, based on the information provided below, determine whichbulleted item(s) is/are) reported in the fund balance category listed in each

For questions 3-7, based on the information provided below, determine which bulleted item(s) is/are) reported in the fund balance category listed in each transaction: . The City of Sunnyville's General Fund has the following net resources at year end: $55,000 for LT Advance to an internal service fund $375,000 approved by the City Council with specific conditions for its use $2,500 of supplies inventory $60,000 state grant for snow removal $150,000 City Council resolution approved for funds to renovate city hall $400,000 to be used to fund government operations in the future Outstanding encumbrances of $80,000 for the purchase of furniture & fixtures What would be the total "Assigned" fund balance? Select one: O a. $105,000 O b. $455,000 O c. $67,500 d. $80,000 What would be the total "Unassigned" fund balance? Select one: a. $280,000 O b. $400,000 c. $80,000 d. $377,500

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