The county received a $75,000 payment in lieu of taxes from the water Enterprise Fund. The Enterprise Fund receives no service from the county for this payment. The General Fund should report the payment in

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The payment in lieu of taxes is not a revenue because it is not for a service provided by the county, therefore it should be treated as a transfer from the Enterprise Fund to the General Fund. This transfer should be reported as "Other financing sources - transfer".

The County Received a $75,000 Payment in Lieu of Taxes