C is corrent because the available funds are equal to appropriations minus expenditures and encumbrances, or $253,000 ($435,000 – $164,000 – $18,000). A is incorrect. Available funds are equal to appropriations minus expenditures and encumbrances. A is incorrect. Available funds are equal to appropriations minus expenditures and encumbrances. D is incorrect. Available funds are equal to appropriations minus expenditures and encumbrances.
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