The Town of Riverside reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2020. During that year, expenditures amounted to $16,200,000 (related to current year purchase orders that have been filled). In addition, $600,000 in encumbrances had been issued this year, but not filled. The amount that Riverside would report for expenditures (and encumbrances, if applicable) in its 2020 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances (GAAP Basis) would be:

Multiple Choice

a.$600,000.

b.$16,200,000.

c.$16,800,000.

d. Not enough information is provided to calculate the solution.