If a government has collected revenues for which it has a valid legal claim, governmental fund revenues

a. May be reported in the current year if that is the government's policy.

b. May only be reported in the current year if they are also legally available for expenditure in that year.

c. May be reported in the current year if they become legally available during the first 60 days (or fewer) of the next fiscal year.

d. Should have been recognized in the previous fiscal year if collected in the first 60 days of the current fiscal year.