All of the following about Appropriations are true except one:

a.

Proposed expenditures

b.

An authorization for spending

c.

Allocation of resources

d.

Management expectation

Lake county general fund had the following disbursements during the year

Payment of amount to debt service fund $300,000

Payments to vendors $400,000

Purchase of computers $200,000

What amount should Lake County report as expenditures in its governmental funds statement of revenues, expenditures, and change in fund balances:

a.

$900,000

b.

$200,000

c.

$700,000

d.

$400,000