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Use the following to answer the next two questions:
The City of Park Ridge reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2014. During that year, expenditures amounted to $16,200,000 (related to current year purchase orders) and $900,000 (related to prior year purchase orders) . In addition, $700,000 in encumbrances had been issued this year, but not filled. Park Ridge follows the budgetary procedure where encumbrances do not lapse.
-The amount that Park Ridge would report for expenditures (and encumbrances,if applicable) in its 2014 General Fund Statement of Revenues,Expenditures,and Changes in Fund Balances (GAAP Basis) would be:
Perceptual Set
The tendency for a person's expectations, motivations, and experiences to influence their perception of stimuli.
Sensory Adaptation
The phenomenon of sensory receptors becoming less reactive to continuous stimuli over a period.
Subliminal Persuasion
A method of trying to influence people's thoughts, feelings, or actions without their conscious awareness.
Transduce
To convert one form of energy into another, as in sensory systems converting physical stimuli (like light and sound) into neural signals.
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