For the fiscal year 20X7 budget, the Town of Purplesburg anticipates the following inflows in its General Fund budget

Property taxes, licenses, and fees $7,000,000

Proceeds of borrowings 3,000,000

Transfers from discontinued funds 2,000,000

In the budgetary entry, what amount should the town record for Estimated Revenues? select one :-

a. $7,000,000

b. $10,000,000

c. $12,000,000

d. $3,000,000

Property taxes levied on the citizens of the Hill County would most appropriately be budgeted in which of the following budgets? select one :- a. expenditures budget

b. Capital budget.

c. Flexible budget.

d. Operating budget.