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Swift city levied real property taxes in the amount of $900000 To finance its general fund budget for calendar year 2024. One percent of the

Swift city levied real property taxes in the amount of $900000 To finance its general fund budget for calendar year 2024. One percent of the tax levy is expected to be uncollectible during the year swift collected $842000 Against this levy with regard to the remaining amount swift expected to collect $36000 During the first two months of calendar year 2025 and $13000 Between march and august of 2025. in addition to the $842000 cash that swift collected against the 2024 tax levy, swift also collected $25000 of 2023 taxes dueing the first two months of 2024 and another $18000 during the remainder of 2024. Based on this information how much should the city recognize as property tax revenue in the statement of revenues expenditures and changes in fund balance for year 2024? $891000 $878000 $903000 $896000

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