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The City of Fenton levied $3,000,000 of General Fund property taxes for the fiscal year ending December 31, 2011, with an estimated uncollectible amount of $200,000. During 2011 and January and February of 2012, $2,500,000 of the levy is expected to be collected; however, $300,000 of the levy is not expected to be collected until after February 2012. The amount of property tax revenues to be recognized in FY 2011 is:
a. $3,000,000 in governmental activities at the government-wide level and $2,800,000 in the General Fund.
b. $2,800,000 in governmental activities at the government-wide level and $2,500,000 in the General Fund.
c. $2,500,000 in governmental activities at the government-wide level and $2,800,000 in the General Fund.
d. $2,500,000 in governmental activities at the government-wide level and $2,500,000 in the General Fund.
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