A county’s general fund budgetary comparison schedule shows the actual change in fund balances as $(4,000,000).
Unbudgeted activities reduced fund balances by $1,500,000, GAAP basis revenue accruals were $8,000,000, and GAAP basis expenditure accruals were $5,000,000.
On the general fund statement of revenues, expenditures, and changes in fund balances, what is the change in fund balances?
Select one:
a. $(5,500,000)
b. $(1,000,000)
c. $(4,000,000)
d. $(2,500,000)