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The Following Information Pertains to the Richardson County General Fund

Question 34

Multiple Choice

The following information pertains to the Richardson County General Fund:  Appropriations $10,000,000 Estimated Revenues 12,000,000 Expenditures 12,800,000 Revenues 9,200,000 Long-term note issue proceeds 1,000,000 Short-term note principal retirements 250,000 Operating transfers to other funds 75,000\begin{array}{lr}\text { Appropriations } & \$ 10,000,000 \\\text { Estimated Revenues } & 12,000,000 \\\text { Expenditures } & 12,800,000 \\\text { Revenues } & 9,200,000 \\\text { Long-term note issue proceeds } & 1,000,000 \\\text { Short-term note principal retirements } & 250,000 \\\text { Operating transfers to other funds } & 75,000\end{array}
The change in Richardson County's General Fund fund balance for the year is a


A) $2,600,000 decrease.
B) $2,675,000 decrease.
C) $2,925,000 decrease.
D) $3,600,000 decrease.

Correct Answer:

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