A change to the full accrual basis may have little impact upon reported revenues. A city levies property taxes of $4 billion in June 2018 for its…
A change to the full accrual basis may have little impact upon reported revenues. A city levies property taxes of $4 billion in June 2018 for its fiscal year beginning July 1, 2018. The taxes are due by January 31, 2019. The following (in millions) indicates actual and anticipated cash collections relating to the levy: June 2018 $100 July 2018 through June 2019 $3,600 July 2019 through August […]
