The City of Greenburg had a balance in the Fund Balance-Reserved for Encumbrances account at the end of 2016, $30,000. During 2017 all purchase orders related to the $30,000 were filled, and the invoice amounts paid were $30,500. What amount of expenditures would be shown on the Statement of Revenues, Expenditures and Changes in Fund Balances for 2017?
a. $500
b. $30,000
c. $30,500
d. $0; 2017 would not show items related to orders placed in 2016.