A Capital Projects Fund Has Outstanding Encumbrances of $75,000 as of the End

A Capital Projects Fund has outstanding encumbrances of $75,000 as of the end of the fiscal year. Assume that all resources in the Capital Projects Fund are considered to be restricted. How should these encumbrances be reported in the year-end external financial statements?

A) As a specific identifiable component of restricted fund balance.
B) As a specific identifiable component of committed fund balance.
C) As a specific identifiable component of assigned fund balance.
D) The encumbrances would only be reported in the note disclosures.