Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 85

The governmental funds of the City of Westchester report $445,000 in assets and $140,000 in liabilities. The following are some of the assets reported by this government.
• Prepaid items-$7,000
• Cash from a bond issuance that must be spent within the school system according to the indenture-$80,000
• Supplies-$5,000
• Investments given by a citizen that will be sold with the proceeds used to beautify a public park-$33,000
• Cash that the assistant director of finance has designated for use in upgrading the local roads-$40,000
• Cash from a state grant that must be spent to supplement the pay of local kindergarten teachers-$53,000
• Cash that the city council (the highest level of authority in the government) has voted to use to renovate a school gymnasium-$62,000
On a balance sheet for the governmental funds, what fund balance amounts will be reported by the City of Westchester