8. Deferred outflows/inflows of resources

City Council Meeting · 2026-04-28 · agenda_item

This item concerns the City of Clermont's financial reporting for deferred inflows of resources. It details how the city accounts for amounts that apply to future periods, specifically related to other-post employment benefits (OPEB) and leases where the city is the lessor. The report also addresses unavailable revenues from grants and intergovernmental sources under a modified accrual accounting basis. This is a planned financial reporting update, not a construction project. The work involves accounting analysis and financial statement preparation. Businesses that provide accounting, financial consulting, or government financial advisory services may find opportunities to support the city in these complex reporting areas. Early engagement could help ensure accurate financial reporting and compliance.

deferred inflows of resources items

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