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?

a. $500

b. $300

c. $200

d. None of above