2. (10 points ) You are the executive director of a community service agency in the south Bronx . Your operation is funded through a combination of cash contributions , federal government grants and city contracts . Your revenue budget for fiscal year 2019 is as shown below. Source of Revenue Q1 Q2 Q3 94 Contributions* 40, 000 60, 000 70, 000 40, 000 Federal Grants 500, 000 500, 000 350, 000 350, 000 City Contracts 180, 000 3:00, 000 300 , 000 360, 000 Total 720, 000 860, 000 720, 000 750, 000 You know from past experience that not all of your revenue and support is collected when you earn it . Cash contributions are collected in the quarter they are pledged . Federal government grants are collected one quarter after you send the granting agency a bill . The city pays 25% of what it owes you one quarter after" you send in the bill . An additional 25% is collected from the city in two quarter's and the remaining fifty - percent takes three quarters to collect . Starting with the revenue budget above , calculate the amount you can expect to collect in the fourth quarter of fiscal year 2019 . Your answer should clearly show Columbia University Executive MPH Progralli Midterm Exam Accounting & Budgeting Professor Frank M . Cino