A city formally adopted a budget at the beginning of the current year. Budgeted revenues were $500 and budgeted expenditures were $490. During the year actual revenues were $520 and actual expenditures were $480. Which of the following statements is true with regard to unreserved Fund Balance at the end of the current year, unreserved Fund balance at the end of the current year in comparison to fund balance at the end of the preceding year will be

a.

$10 greater.

b.

$50 greater

c.

$40 greater.

d.

$30 greater.

In the appropriation ledger, the amount available for appropriation (free balance) is equal to:

a.

The total appropriation minus both outstanding encumbrances and expenditures.

b.

The total appropriation minus total invoices paid

c.

The total appropriation minus expenditure

d.

The total appropriation minus outstanding encumbrances.