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The city of Gardenia formally adopted a budget at the beginning of the current year. Budgeted revenues were $ 5 0 0 and budgeted expenditures

The city of Gardenia 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. Fund balance at the end of the current year in comparison to fund balance at the end of the preceding year will be
$10 greater.
$30 greater.
$40 greater.
$50 greater.

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