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The following information pertains to the Scott County General Fund: Appropriations $15,000,000 Estimated Revenues 14,000,000 Expenditures...

The following information pertains to the Scott County General Fund:
Appropriations $15,000,000
Estimated Revenues 14,000,000
Expenditures 14,800,000
Revenues 14,200,000
The change in Scott County's General Fund balance for the year is a
a) $1,600,000 decrease.
b) $1,000,000 decrease.
c) $600,000 decrease.
d) $400,000 increase.

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Answer #1

The change in Scott County's General Fund balance for the year =Expenditures - Revenues =14,800,000-14,200,000 = -$600,000

The answer is c) $600,000 decrease.

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