Hannah County has a total fund balance in the General Fund as of the end of the year of $1,565,000. Assume the following:
-The budget officer decided to set aside $405,000 for new road maintenance. The county's governing board had previously given her this authority.
-Unspent restricted drug enforcement grant proceeds of $75,000.
-The county's governing board passed a resolution to commit $500,000 to use for construction of a fleet maintenance facility.
In the year-end financial statements, Hannah County would report unassigned fund balance and assigned fund balance, respectively, in the General Fund as

Question

Hannah County has a total fund balance in the General Fund as of the end of the year of $1,565,000. Assume the following: 
-The budget officer decided to set aside $405,000 for new road maintenance. The county's governing board had previously given her this authority.
-Unspent restricted drug enforcement grant proceeds of $75,000.
-The county's governing board passed a resolution to commit $500,000 to use for construction of a fleet maintenance facility.
In the year-end financial statements, Hannah County would report unassigned fund balance and assigned fund balance, respectively, in the General Fund as

Quizplus · Accepted Answer

The unassigned fund balance is calculated by subtracting the amounts set aside (assigned and committed) from the total fund balance. The assigned fund balance includes the $405,000 for road maintenance. The committed fund balance of $500,000 for the fleet maintenance facility is not part of the assigned fund balance but reduces the unassigned balance. The restricted $75,000 does not affect the calculation between assigned and unassigned but is part of the total fund balance. Therefore, $1,565,000 - $405,000 (assigned for road maintenance) - $500,000 (committed for fleet maintenance) = $660,000, but considering the question's structure and options, the correct calculation for unassigned should consider all designations, leading to $1,565,000 - $405,000 (assigned) - $500,000 (committed) - $75,000 (restricted) = $585,000 unassigned. Assigned remains $405,000 as specified.

Hannah County Has a Total Fund Balance in the General