The City of Greenville had a balance in the Reserve for Encumbrances account at the end of 2008 in the amount of $30,000. During 2009, all purchase orders related to the $30,000 were filled and the invoice amount was $30,500. Which of the following would be TRUE regarding the Statement of Revenues, Expenditures and Changes in fund balances for 2009? (assume encumbrances do not lapse)
A. The amount shown for expenditures would not include items related to orders placed in 2008
B. The amount shown for expenditures would include only the $30,000
C. The amount shown for expenditures would include only the $500
D. The amount shown for expenditures would include the $30,500