Anytown's fiscal year end is June 30. Anytown sends out its real estate tax bills on July 1, 20X1. The billings amount to $5 million, which 25% is due August 1 20X1, 25% is due December 1, 20X1, and 50% is due February 1, 20X2. What amount of these billings should Anytown recognize as revenue in its June 30, 20X1 governmental fund financial statements?