Below Is Information on a County's Results of Operations for the Current

Multiple Choice

Below is information on a county's results of operations for the current year, for the general fund.
$$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Excess of revenues and other financing so urces over expendit ures and other } \\\text { financing uses, leg al budget basis }\end{array} & \$ 670,000 \\\hline \text { Revenues accrued on the modified accrual basis but not on a budget basis } & 40,000 \\\hline \text { Excess of revenues over expenditures for unbudg eted activities and funds } & 25,000 \\\hline \text { Outstanding encumbrances of governmental funds, beginning of year } & 8,000 \\\hline \text { Outstanding encumbrances of governmental funds, end of year } & 5,000 \\\hline\end{array}$$ What is the excess of revenues and other financing sources over expenditures and other financing uses for the general fund, as reported in the governmental funds operating statement, prepared on a modified accrual basis, using the GAAP basis for encumbrances?

A) $738,000
B) $735,000
C) $732,000
D) $710,000