3. The following information pertains to property taxes levied by Coral City for the calendar year 2016:

Collections during 2016 $500,000 Expected collections during the first 60 days of 2017 100,000 Expected collections during the balance of 2017 60,000 Expected collections during January 2018 30,000 Estimated to be uncollectible 10,000 Total levy $700,000