Encumbrances of 17000 for purchase orders outstanding at

Encumbrances of 17000 for purchase orders outstanding at the end of 2014 were reestablished 2 The January 1 2015 balance in Deferred Inflows Property Taxes relates to the amount of the 2014 levy that was expected to be collected more than 60 days after December 31 This amount should be recognized as 2015 revenues 3 A general tax levy in the amount of 6800000 was made It is estimated that 2 percent of the tax will be uncollectible