Property taxes levied in fiscal year 20X1 to finance the general fund budget of fiscal year 20X2 should be reported as general fund revenues in fiscal year 20X2: Regardless of the fiscal year in which collected. For the amount collected before the end of fiscal year 20X2 only. For the amount collected in fiscal year 20X2 only. For the amount collected before the end of fiscal year 20X2 or shortly thereafter.