Property tax revenues recognized in the governmental fund operating statements often differ from the amount...
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Accounting
Property tax revenues recognized in the governmental fund operating statements often differ from the amount recognized in the government-wide statement of activities, because
Property tax revenues are not recorded in the government-wide statements.
Availability to finance current expenditures is not a revenue recognition criterion under the accrual basis used at the government-wide level.
Bad debt expense is recognized at the government-wide level.
GASB standards preclude full recognition of property tax revenues in governmental funds.
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