Detail of distributions
COUNTY IMPLEMENTS GASB 33
FOR SELECTED REVENUES
The county implemented GASB 33 changing the
recognition basis of selected revenues from the period in which they
were measurable and available to the period in which they were earned
for the fiscal year ended Sept. 30, 2001. For example, revenues were
previously recognized in the month they were due to the government (county
or state) collecting the revenues. Now, they are recognized in the period
that generated the revenue. Therefore, revenues that were previously
listed as October are now September revenues, and so forth.
Revenues for Fiscal Year 2001 have been
restated to the correct month with October 2000 revenues being moved back
to September 2000 as a prior period adjustment.
Tourist Development Collections