The December 31, 2020 pre-closing trial balance for the general fund of Chemung County appears below.

	Debit	Credit
Cash and cash equivalents	$ 11,900
Taxes receivable, net	13,400
Due from other funds	11,300
State and federal aid receivable	13,800
Estimated revenues	155,000
Estimated other financing sources	9,500
Accounts payable		$ 10,100
Due to other funds and governments		25,200
Fund balanceunassigned		4,500
Appropriations		160,000
Estimated other financing uses		6,000
Property tax revenues		98,900
Licenses, permits, and fines revenue		14,500
State and federal aid revenue		44,200
Proceeds from sale of capital assets		1,200
Transfers in		200
Bond proceeds		8,000
General government expenditures	53,800
Education and public safety expenditures	18,000
Health and economic assistance expenditures	73,000
Debt principal expenditures	3,500
Debt interest expenditures	1,100
Capital outlay	3,300
Transfers out	5,200	_______
Total	$ 372,800	$ 372,800

What is the amount of the excess of revenues over (under) expenditure for 2020?

Multiple Choice