D. Assets, Liabilities, Deferred Inflows/Outflows of Resources, and Net Position/Fund Balance

City Commission Meeting · 2026-04-27 · agenda_item

This agenda item concerns the City of St. Augustine's accounting policies for financial reporting, specifically focusing on how the city manages its cash, investments, receivables, payables, inventories, prepaid items, restricted assets, and capital assets. It details the valuation methods, recognition of revenues, and definitions of capital assets, including infrastructure like roads and bridges. This item is currently under review as part of the city's financial statement notes. While no specific construction project is detailed, the discussion of capital assets and infrastructure implies potential future needs for site preparation, grading, utility work, paving, and general construction services. Contractors, suppliers, and service providers in these fields should monitor future city announcements regarding infrastructure improvements and capital projects. Early engagement with city planning departments could provide insights into upcoming opportunities as projects move from financial planning to execution.