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Below Is Information on Total Assets for Various Funds of the City

Question 8

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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 Reverue 500 State Grants Special Reverule 200 City Hall Capital Projects 900 Debt Service 700 Water ard Sewer Enterprise 8,000 Swirninirig Pool Eriterprise 1,000 Fleet Maragernent Internal Service 10,800 Employee Pension Furd 6,500\begin{array} { | l | r | } \hline { \text { Fund } } & { \text { Assets } } \\\hline \text { General } & \$ 1,300 \\\hline \text { Federal Grants Special Reverue } & 500 \\\hline \text { State Grants Special Reverule } & 200 \\\hline \text { City Hall Capital Projects } & 900 \\\hline \text { Debt Service } & 700 \\\hline \text { Water ard Sewer Enterprise } & 8,000 \\\hline \text { Swirninirig Pool Eriterprise } & 1,000 \\\hline \text { Fleet Maragernent Internal Service } & 10,800 \\\hline \text { Employee Pension Furd } & 6,500 \\\hline\end{array} 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.

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