A County's Special Revenue Fund Reports Total Fund Balances of $2,000,000

Multiple Choice

A county's special revenue fund reports total fund balances of $2,000,000 from resources restricted for fire protection services in unincorporated areas. The resources come from state grants and from allocations of general property taxes. The fund's assets consist of cash, receivables, prepaid expenses and inventories. The fund balance is most likely divided into which categories?

A) Restricted only
B) Committed and assigned
C) Nonspendable, restricted, and committed
D) Nonspendable and committed