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What is the balance for property tax revenues

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Question - On January 1, 2020, a county government sends out property tax bills in the amount of $100,000,000.  Of this amount, 15% is estimated to be uncollectible.  During the year, $88,000,000 is collected.  Of the $12,000,000 in uncollected taxes at December 31, 2020, 25% are expected to be collected within the next 60 days, and 15% are expected to be collected within the next 120 days.  The rest are estimated to be uncollectible.  In 2021, $10,000,000 is collected related to 2020 tax bills, and the remaining uncollected 2020 taxes are written off.

What is the balance for property tax revenues, as reported on the general fund operating statement for 2020?

How much property tax revenue, related to 2020 tax bills, is additionally reported in 2021?

Reference no: EM132963822

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