10. Revenues and expenditures/expenses

City Council Meeting · 2026-04-28 · agenda_item

This agenda item concerns the City of Clermont's financial reporting policies, specifically detailing how program revenues, property taxes, compensated absences, and proprietary fund revenues and expenses are accounted for. It explains the process for property tax collection, including billing dates and penalties for late payments. The document also outlines the accounting treatment for employee paid time off and the distinction between operating and non-operating revenues and expenses for the water and sewer system fund. This item is currently under review as part of a financial statement note. The information presented here relates to accounting and financial policies, not a specific construction project. Therefore, it does not directly present opportunities for contractors, trades, suppliers, or service providers at this time.