Assume that a county with a June 30 fiscal year end levied $900,000 in special

assessments to finance debt service on a special assessment debt issuance. The levy date was

January 20X1. The levy is to be paid by the property owners over a 10-year period beginning

in January 20X2. The amount of revenue recognized by the county in the Debt Service Fund

as of June 30, 20X1 would be

A. $900,000.

B. $0

C. $90,000.

D. Tax and special assessment revenues are never recognized in a Debt Service Fund.