At Year End, the McClelland County General Fund Had the Following

Short Answer

At year end, the McClelland County General Fund had the following account balances.
Restricted state grant proceeds $1,000,000
Unavailable property taxes $ 200,000
The county received the grant funds from the state just before year-end. This expenditure-driven grant is for next year's "Don't text and drive!" state public safety campaign, and the county has not incurred any qualifying expenditures for this campaign. All unavailable property taxes are related to current year property taxes and are deferred only because of the "availability" criterion. How should these amounts be reported in McClelland County's General Fund balance sheet?
$\begin{array} { l r r } &&\text { Deferred Inflows }\\ & \text { Liability }&\text { of Rosourcos} \\\end{array}$
A) $\begin{array}{lrr} & \$ 200,000 &&& \$ 1,000,000 \\\end{array}$
B) $\begin{array}{lrr}& \$ 1,200,000 && \$ 0 \\\end{array}$
C) $\begin{array}{lrr} & \$ 0 &&&&&& \$ 1,200,000 \\\end{array}$
D) $\begin{array}{lrr}& \$ 1.000 .000 && \$ 200.000\end{array}$