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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