A government health care district incorporates its budget in its accounting system and encumbers all purchase orders and contracts. Prior to the start of the year, the governing board adopted a budget in which agency revenues were estimated at $5,600 and expenditures of $5,550 were appropriated. During the year, the following transactions incurred: the government health care district collected $5,500 in fees, grants, taxes, and other revenues It ordered goods and services for $3,000. it received and paid for $2,800 of goods and services that had been previously encumbered. It expects to receive the remaining $200 in the following year. It incurred $2500 in other expenditures for goods and services that had not been encumbered. What is total fund balance at year end? $500 $300 $200 None of above
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A government health care district incorporates its budget in its accounting system and encumbers all purchase orders and contracts. Prior to the start of the year, the governing board adopted a budget in which agency revenues were estimated at $5,600 and expenditures of $5,550 were appropriated. During the year, the following transactions incurred:
the government health care district collected $5,500 in fees, grants, taxes, and other revenues
It ordered goods and services for $3,000.
it received and paid for $2,800 of goods and services that had been previously encumbered. It expects to receive the remaining $200 in the following year.
It incurred $2500 in other expenditures for goods and services that had not been encumbered.
What is total fund balance at year end?
$500
$300
$200
None of above
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