The city of Springfield receives an expenditure driven grant from the federal government. The terms of this award require the municipality to use the money to operate a summer breakfast program for underprivileged youth. On May 4, 2024, the city collects $250,000 from the federal government and deposits the cash into a special revenue fund set up to track the program.

By June 30, 2024, the end of its fiscal year, the city has spent $85,000 running the program.

What amount of revenue should Springfield record when the city receives the cash on May 4, 2024?


Question 1 of 25