What would be the effect on the Unreserved Fund Balance at the end of the current fiscal year of recording a $15,000 expenditure for a new computer, assuming a $14,600 encumbrance had been recorded in a General Fund department in the previous fiscal year?

Question

Quizplus · Accepted Answer

The encumbrance of $14,600 was already accounted for in the previous fiscal year, so the additional $400 expenditure will reduce the Unreserved Fund Balance by $400.

What Would Be the Effect on the Unreserved Fund Balance