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What would be the total assigned fund balance?

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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?

Reference no: EM131815236

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