Gilbert City had the following transactions involving resouce inflows into its general fund for the year ended June 30, 20X8:

1. The general fund levied \(\$ 2,000,000\) of propenty taxes in July \(20 \times 7\). The city estimated that 2 percent of the levy would be uncollectible and that \(\$ 100,000\) of the levy would be collected after August 31, 20X8.

2. On April 1,20X8, the general fund received \(\$ 50,000\) repayment of an advance made to internal service fund. Interest on the advance of \(\$ 1,500\) was also received.

3. During the year ended June \(30,20 \mathrm{X} 8\), the general fund received \(\$ 1,800,000\) of the property taxes levied in statement (1).

4. The general fund received a \(\$ 250,000\) grant from the state to acquire computer equipment. During March 20X8, the general fund acquired computer equipment using \(\$ 235,000\) of the grant.

5. During the year ended June \(30,20 \mathrm{X} 8\), the general fund received \(\$ 125,000\) from the state as its portion of the sales tax. At June \(30,20 \times 8\), the state owed the general fund an additional \(\$ 25,000\) of sales taxes. The general fund does not expect to have the \(\$ 25,000\) available until early August 20X8.

6. In July 20X7, the general fund borrowed \(\$ 800,000\) from a local bank using the property tax levy as collateral. The loan was repaid in September 20X7, with the proceeds of property tax collections.

7. In February 20X8, a terminated debt service fund transferred \(\$ 30.000\) to the general fund. The \(\$ 30,000\) represented excess resources left in the debt service fund after a general long-term debt obligation had been paid in full.

8. On July \(1,20 \times 7\), the general fund estimated that it would receive \(\$ 75,000\) from the sale of liquor licenses during the fiscal year ended June 30, 20X8. For the year ended June 30, 20X8, \(\$ 66,000\) was received from the sale of liquor licenses.

9. The general fund received \(\$ 15,000\) in October 20X7, from one of the city's special revenue funds. The amount received represented a reimbursement for an expenditure of the special revenue fund that was paid by the city's general fund.

10. In July \(20 \mathrm{X} 7\), the general fund collected \(\$ 80,000\) of delinquent property taxes. These property taxes were classified as delinquent on June \(30,20 \mathrm{X} 7\). In the entry to record the property tax levy in July 20X6, the general fund estimated that it would collect all property tax revenues by July \(31,20 \times 7\).

\section*{Required}

Prepare a schedule showing the amount of revenue that should be reported by Gilbert's general fund on the statement of revenues, expenditures, and changes in fund balance for the year ended June \(30,20 X 8\).