Under GAAP, property taxes levied in one fiscal period to finance the activities of the following fiscal period are recognized as revenue in the government$-$wide financial statements

A$.$ in the year levied.

B$.$ in the year for which they are intended to finance the activities.

C$.$ when collected, regardless of when levied.

D$.$ in the year for which they are intended to finance the activities, if collected within that period or within a period rob greater than $60$ days after the close of the fiscal year.