Prepare a schedule computing the threshold for asset

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Reference no: EM13569482

Below is information on total assets for various funds of the City of Dublin (all amounts are in thousands of dollars).

Fund	Assets
General	$1,300
Federal Grants Special Revenue	500
State Grants Special Revenue	200
City Hall Capital Projects	900
Debt Service	700
Water and Sewer Enterprise	8,000
Swimming Pool Enterprise	1,000
Fleet Management Internal Service	10,800
Employee Pension Fund	6,500

Requirement: Prepare a schedule computing the threshold for asset amounts that should be used to determine which funds must be reported as major. Identify which funds are major funds.

Reference no: EM13569482

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