The following information pertains to Pine City’s general fund for 2005:
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|
Appropriations Control |
$6,500,000 |
|
Expenditures Control |
5,000,000 |
|
Other Financing Sources Control |
1,500,000 |
|
Other Financing Uses Control |
2,000,000 |
|
Revenues Control |
8,000,000 |
After Pine’s general fund accounts were closed at the end of 2005, the fund balance increased by
- $3,000,000
- $2,500,000
- $1,500,000
- $1,000,000