At the end of the fiscal year, Palm City was trying to determine which of its funds would be required to be reported as major funds in accordance with GASB standards. Palm City has provided the information for all of its governmental and enterprise funds that is needed to determine major fund classification in accordance with GASB standards. Select "Yes" if the funds should be classified as major or "No" otherwise. Fund Name Governmental Funds General Fund Health & Human Services Fund Community Development Fund Debt Service Fund Enterprise Funds Utility City Airport Golf Course Total Assets $ 462.2 110.7 220.5 70.8 639.4 5,419.5 48.9 10% 5% Criterion Criterion Total Liabilities. $ 52.8 11.9 20.9 6.1 97.5 5,017.3 8.6 PALM CITY As of fiscal year end 10% 5% Criterion Criterion Total Expenditures / Expenses $ 915.9 118.8 28.4 132.4 104.1 616.7 19.6 10% 5% Criterion Criterion Total Revenues $ 992.8 125.1 16.6 134.7 115.9 661.6 18.1 10% Criterion 5% Criterion

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