Error: This registrant has associated revenue and therefore cannot be deleted

When attempting to delete a registration where the payment has been deleted on an event that allows designations on fees, a user may receive Error:  This registrant has associated revenue and therefore cannot be deleted.  The registration tab will also still show a $0 balance even though the payment has been deleted.
Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 3.0.516.38
 3.0.516, patch 42 ; 3.0.516, Service Pack 9

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