Determining a Government”s Major Funds

Determining a Government"s Major Funds

The following information is available about Gotham"s City government funds.

Governmental Funds

Assets

Liabilities

Revenues

Expenditures

I General Fund

$ 9,408

$ 7,753

$ 86,022

$ 88,717

2 HUD Programs

7,504

6,428

2,731

2,954

3 Community Development

13,616

440

549

2,664

4 Route 7 Construction

10,478

1,115

273

11,298

5 Impact Fees

371

61

35

755

6 Local Gas Tax

2,139

170

1,436

2,971

7 Historic District

194

4

60

47

8 Central City Development

1,618

151

4,783

6,804

9 Community Redevelopment

2,365

42

1,872

10 Culvert Project

1,471

1,974

IL Bridge

2,602

686

3

1,270

12 Cemetery Fund

1,405

72

$51,700

$16,808

$ 97,477

$121,326

Proprietary Funds

13 Water and Sewer

$12,149

$ 4,679

$11,329

$6,907

14 Parking Facilities

372

672

1,344

1,582

12,521

5,351

12,673

8,489

Totals, All Funds

$64,221

$22,159

$110,150

$129,815

Required:

Using the information about the government"s funds, determine which funds qualify as “major” funds using percentage cutoffs and would be required to be included in the governmental fund financial statements.

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