Final answer:
Property taxes due and collectible after the fiscal year end would be recognized as revenue in the Governmental Activities because it follows accrual accounting, however, not in the General Fund which follows modified accrual accounting where such taxes are deferred until they are available to finance expenditures.
Step-by-step explanation:
In government accounting, property taxes due and collectible 90 days after the fiscal year end would typically be recorded as a deferred revenue in the General Fund until they are available to finance expenditures of the fiscal period. Conversely, under the accrual basis used for Governmental Activities reporting, these property taxes would be recorded as revenues in the fiscal year they are levied. Therefore, for a student inquiring as to how property taxes due and collectible 90 days after 2014 fiscal year end would be recorded as revenues in 2014, the answer would be General Fund: No; Governmental Activities: Yes.
The treatment of such taxes in the General Fund reflects the modified accrual basis, where revenues are recognised only when they are both measurable and available to finance the expenditures of the current period, usually within 60 days after year-end. In contrast, the governmental activities journal follows full accrual accounting principles, where revenues are recognised when earned, regardless of when collected. Hence, the correct answer aligns with the choice that government-wide activities would report these property taxes as revenues in 2014, but the General Fund would not.