The County of Dogville is preparing financial statements for the year. In the pa

The County of Dogville is preparing financial statements for the year. In the past year, the county began collecting a new property tax related to a vote by the community to increase funding for various county activities. The county accountants are unsure whether the revenue should be reported as program revenue or general revenue on the government-wide financial statements.
The county is requesting that you, their accounting advisor, provide guidance on this issue in the form of a research memo.
Prepare a research memo addressing the County of Dogville’s question. Your research should focus on the following GASB Accounting Standards:
• Annual Comprehensive Financial Report (II. Financial Reporting, Section 2200)