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.