Multiple Choice
Use the following to answer the next two questions:
The City of Park Ridge reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2014. During that year, expenditures amounted to $16,200,000 (related to current year purchase orders) and $900,000 (related to prior year purchase orders) . In addition, $700,000 in encumbrances had been issued this year, but not filled. Park Ridge follows the budgetary procedure where encumbrances do not lapse.
-In its 2014 Budgetary Comparison Schedule,the amount Park Ridge reports for expenditures (and encumbrances,if applicable) would be:
A) $17,700,000.
B) $17,100,000.
C) $16,200,000.
D) $16,900,000.
Correct Answer:

Verified
Correct Answer:
Verified
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