Amount of governmental fund property tax revenues


Please assist with the calculations.

Problem 1) On June 1, 20X4, a school district levies the property taxes for its fiscal year that will end on June 30, 20X5. The total amount of the levy is $1,000,000, and 1% is expected to be uncollectible. Of the levy, $250,000 is collected in June 20X4 and another $500,000 is collected in July and August 20X4. What is the maximum amount of property tax revenue associated with the June 1, 20X4, levy that the school district might report as revenue in the fiscal year ending June 30, 20X4?

Problem 2) A city levied $2,000,000 of property taxes for its current fiscal year. The city collected $1,700,000 cash on its taxes receivable during the year and granted $72,000 in discounts to taxpayers who paid within the legally established discount period. It is expected that the city will collect another $88,000 on these taxes receivable during the first two months of the next fiscal year. One present of tax levy is expected to be uncollectible. What amount of governmental fund property tax revenues should the city report for the current fiscal year?

Problem 3) What would the answer be to number 3 if the city also collected $100,000 of prior year's taxes during the first two months of the current fiscal year and another $53,000 of the prior year's taxes during the remainder of the current year?

Problem 4) A county received $3,000,000 from the state. Of that amount, $1,500,000 was received under an entitlement program and was not restricted as to use. The other $1,500,000 was received under a grant agreement that requires the funds to be used for specific health and welfare programs. The county accounts for the resources from both of these programs in a special revenue fund. Expenditures of that fund that qualified under the grant agreement totaled $900,000 in the year that the grant and entitlement were received. What amount of revenue.

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