What are the components of anticipated revenue?

Anticipated revenue refers to the expected income that an organization, such as a municipality, expects to collect during a given fiscal period. This generally includes various types of income that can be factored into the budgetary process.

Surplus, miscellaneous balances, and delinquent taxes represent components of anticipated revenue because they encompass funds that are likely to contribute to the total revenue base for the upcoming fiscal periods. Surplus refers to any excess funds from previous years that can be carried over, while miscellaneous balances include smaller revenue streams that do not qualify as primary sources but still add to the budget. Delinquent taxes pertain to unpaid taxes from previous periods, which the municipality anticipates will eventually be collected, thus contributing to expected revenues.

In contrast, the other options primarily focus on more conventional or specific forms of revenue but do not encapsulate the broader and often variable components like those in the correct answer. For instance, sales tax, property tax, and income tax are stable revenues but do not account for previous surpluses or uncollected dues. State grants and federal funding can be somewhat unpredictable depending on legislative actions, while fees, fines, and permits are also more limited in scope compared to the diverse aspects captured in surplus, miscellaneous balances, and