The City of Khatt recently received a $\$ 500,000$ grant from the federal government to operate a daycare center for 2 years. This grant was to be the only source of funding for the daycare center. Feeling pressure to maximize revenues, the city's accountant credited a revenue account for the entire $\$ 500,000$ when the check arrived. He explained to you that because the entire amount was in the city's possession, it was "measurable and available" and, therefore, should be treated as revenue. Do you agree? Why?