Revenues Revenues are defined as an increase in a school district's current financial resources. The school district's accounting records are to reflect revenues at the most detailed level.
Revenues are measurable when the amount of the revenue is subject to reasonable estimation.
To be available, revenues must be subject to collection within the current period, or after the end of the period but in time to pay liabilities outstanding at the end of the current period. Revenues recorded in the Proprietary Fund Type and similar trust funds are recognized when earned in essentially the same manner as in commercial accounting. In addition, revenues in proprietary fund types may be classified as operating and nonoperating. Operating revenues are those revenues that are directly related to the primary activity of the fund. Accordingly nonoperating revenues are those revenues that are not directly related to the primary activity of the fund.