Assets - deferred outflows of resources - liabilities + deferred inflows of resources = fund balance 8. A city formally adopted a budget at the beginning of the current year. Budgeted revenues were $2000 and budgeted expenditures were $1960. During the year actual revenues were $2080 and actual expenditures were $1920. Which of the following statements is true? Fund balance at the end of the current year in comparison to fund balance at the end of the preceding year will be (2 points) $40 greater. $120 greater. $160 greater. $200 greater