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Multiple Choice

Which item is NOT a component of Non Revenue Receipts?

Non-revenue receipts are inflows that increase the fund balance from sources other than the district’s regular tax or fee-based revenues and are not earned by delivering goods or services. They include loan proceeds (borrowing), insurance settlements (claims settled after losses), and restitutions from court actions (refunds or recoveries). Tax revenues are funds raised through taxation and are categorized as revenue, not non-revenue receipts. Therefore, tax revenues do not belong in the non-revenue receipts group.

Non-revenue receipts are inflows that increase the fund balance from sources other than the district’s regular tax or fee-based revenues and are not earned by delivering goods or services. They include loan proceeds (borrowing), insurance settlements (claims settled after losses), and restitutions from court actions (refunds or recoveries). Tax revenues are funds raised through taxation and are categorized as revenue, not non-revenue receipts. Therefore, tax revenues do not belong in the non-revenue receipts group.