Which of the following statements correctly describes SFY billing statuses for the 1st and 2nd quarters?

• A. Municipal final; Non Municipal estimated
• B. Municipal final; Municipal estimated
• C. Non Municipal final; Municipal estimated
• D. Non Municipal final; Non Municipal estimated

Answer: (A)

In SFY billing, it’s about whether the billed amount is settled (final) or still subject to change (estimated), and whether the bill is for municipal or non-municipal entities. Municipal bills are often able to be finalized earlier in the year because the necessary levy information is solid, so the first quarter can be issued as final. Non-municipal amounts, however, may require data that isn’t fully settled yet, so the second quarter is commonly issued as an estimate to allow for adjustments later. Therefore, the combination of first-quarter municipal final with second-quarter non-municipal estimated fits the usual SFY billing flow.