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?

Restricted $4,000,000, committed $15,000,000

Restricted $3,000,000, committed $15,000,000

Restricted $18,000,000

Restricted $19,000,000