The National Red Cross reports a balance of $100 million in net assets with donor restrictions on its statement of financial position, labeled Disaster Services. What is the interpretation of this amount? Select one:

A. The Red Cross spent $100 million for disaster services in the current fiscal year.

B. The Board of Directors has $100 million in resources set aside for disaster services as of the fiscal year-end.

C. Of total contributions collected for disaster services, $100 million has not yet been spent as of the fiscal year-end.

D. Donors contributed $100 million for disaster services in the current fiscal year.