Which of the following are classified as four classifications of revenue?

The correct classification of revenue based on New Jersey municipal finance principles is indeed focused on the components listed in the second choice: Surplus Anticipated, Miscellaneous Revenues, Receipts for Delinquent Taxes, and Amount to be Raised by Taxation.

These classifications are important within municipal finance as they represent different sources of revenue that a municipality may utilize to finance its budget.

Surplus Anticipated refers to the estimated surplus from previous fiscal years that can be used in the current budget. Miscellaneous Revenues encompass various income sources that do not fall under specific categories, such as fees charged for services or one-time revenues. Receipts for Delinquent Taxes represent the anticipated collection of overdue tax payments, which is crucial for budgeting purposes. Lastly, the Amount to be Raised by Taxation refers to the sum needed to meet the municipality’s budget deficit through local property taxes.

Understanding these classifications helps Certified Municipal Finance Officers (CMFOs) effectively manage the budgeting process and forecast revenue streams for municipalities, ensuring financial stability and compliance with New Jersey statutes.

The other options, while they contain elements related to revenue, do not accurately capture the essential classifications as outlined in municipal finance guidelines.