The municipalities for whom the county collects property taxes paid $5,000 in administrative fees to county to cover collection costs. The county will report

Question

Quizplus · Accepted Answer

The $5,000 in administrative fees paid to the county by the municipalities for collecting property taxes is considered a revenue for the county and should be reported in the General Fund. This is because the General Fund is the primary operating fund of a government, and such administrative fees are typically considered operating revenues.

The Municipalities for Whom the County Collects Property Taxes Paid