During the fiscal year ended December 31, 2016, Glen City's general fund contributed $60 million to a defined benefit pension plan for city employees. On February 27, 2017, the general fund made an additional $3 million contribution related to the 2016 pension contribution requirements. The actuarially determined contribution requirement for 2016 is $65 million. The amount of pension expenditure recognized by the general fund for 2016 should be:

Question

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The pension expenditure recognized by the general fund for 2016 should include both the $60 million contributed during the fiscal year and the $3 million contributed shortly after year-end, totaling $63 million.

During the Fiscal Year Ended December 31, 2016, Glen City's