The Township of Thomasville's General Fund has the following net resources at year end: •$69,000 of prepaid insurance•$410,000 rainy day fund approved by the township governing board with specific conditions for its use•$2,500 of supplies inventory•$49,000 state grant for snow removal•$190,000 contractual obligations for the purchase of equipment •Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation)•Total Fund Balance is $ 1,010,500What would be the total Assigned fund balance?
A. $105,000
B. $190,000
C. $ 69,000
D. $259,000
Answer: A
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