A county capital projects fund receives resources of ($8,000,000) from a bond issue and a state grant

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A county capital projects fund receives resources of $$8,000,000$ from a bond issue and a state grant of $$15,000,000$, to build an administration building. Both funding sources are externally restricted to the capital project. During the year contracts are signed for $$20,000,000$. Contractors submit bills for $$5,000,000$ and the county pays $$4,000,000$. At year-end, how does the capital projects fund report fund balance?

a. Restricted $$4,000,000$, committed $$15,000,000$

b. Restricted $$3,000,000$, committed $$15,000,000$

c. Restricted $$18,000,000$

d. Restricted $$19,000,000$

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