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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 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.
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