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: The
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
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