Reference no: EM131815236
Question - The Township of Thomasville's General Fund has the following net recourses at year end:
$65,000 of prepaid insurance;
$375, 000 rainy day fund approved by the township governing board with specific conditions for its use;
$2,500 os supplies inventory
$60,000 state grant for snow removal;
$150,000 contractual obligations for the purchase of eqpuipment;
$200,000 to be used to fund government operations in the future;
outstanding encumbrance of $80,000 for the purchase of the furniture & fixtures;
What would be the total Assigned fund balance?