In which scenario would a receivable NOT be recognized in a governmental fund?

Recognizing a receivable in a governmental fund typically depends on the existence of a legal claim to receive resources, as well as the likelihood that those resources will be realized. In the scenario involving endowments not yet received, there is no current receivable because the endowment itself has not been delivered or legally established.

Endowments are typically pledged resources, but until the funds are actually transferred to the governmental entity, there is no enforceable claim to them. The non-receipt of the endowment means there is no basis for recognizing a receivable in the accounting records, aligning with the principle that receivables should only be recorded when there is a legal right and reasonable assurance of collection.

In contrast, other scenarios provided involve situations where the governmental entity retains a legal claim or has already recognized potential inflows that meet the criteria for receivable recognition, thus illustrating the distinction in how different types of expected revenues are treated in accounting practices.