Hannah County Has a Total Fund Balance in the General

question 36

Multiple Choice

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
-Purchase orders of $41,000, which were not related to restricted or committed resources, were outstanding at year end,
-The county's governing board passed an ordinance to use $500,000 for construction of a fleet maintenance facility
In the year-end financial statements, Hannah County would report committed fund balance in the General Fund as

• A) $41,000.
• B) $75,000.
• C) $500,000.
• D) $541,000.

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Definitions:

Universal Authority

A concept describing an entity or principle that is recognized as having the highest power or legitimacy across all jurisdictions or spheres.

Christian Imperial Iconographic

Pertains to the symbols and themes used in art and architecture to convey the power and religious authority of Christian emperors, particularly during the Roman and Byzantine empires.

Scepter and Orb

Traditional symbols of monarchic power and authority, the scepter represents rule, and the orb symbolizes the earth.

Monastic Building Complex

A group of buildings that collectively form a monastery, where monks or nuns reside, pray, and work, often secluded from the secular world.