For the budgetary year ending December 31, 2005, Maple City’s general fund expects the following inflows of resources:

align=”left”>

Property Taxes, Licenses, and Fines

$9,000,000

Proceeds of Debt Issue

5,000,000

Interfund Transfers for Debt Service

1,000,000

In the budgetary entry, what amount should Maple record for estimated revenues?

  1. $ 9,000,000
  2. $10,000,000
  3. $14,000,000
  4. $15,000,000