Pension costs in a governmental fund

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A school district accounts for its pension costs in a governmental fund. In a particular year, the district's actuary recommends that it contribute $18 million for the year, The district, however, had only budgeted $15 million and chooses to contribute only what was budgeted. The district is not legally or contractually required to follow the actuary's recommendation.

What should the district report as its expenditure for the year? Please explain.

Reference no: EM13957986

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