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

Essay

Below is information on total assets for various funds of the City of Dublin (all amounts are in thousands of dollars).
$$\begin{array} { | l | r | } \hline { \text { Fund } } & { \text { Assets } } \\\hline \text { General } & \$ 1,300 \\\hline \text { Federal Grants Special Reverue } & 500 \\\hline \text { State Grants Special Reverule } & 200 \\\hline \text { City Hall Capital Projects } & 900 \\\hline \text { Debt Service } & 700 \\\hline \text { Water ard Sewer Enterprise } & 8,000 \\\hline \text { Swirninirig Pool Eriterprise } & 1,000 \\\hline \text { Fleet Maragernent Internal Service } & 10,800 \\\hline \text { Employee Pension Furd } & 6,500 \\\hline\end{array}$$ 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.