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

City Commission Meeting · 2026-04-27 · agenda_item

This notice concerns the City of St. Augustine's financial reporting for the fiscal year ending September 30, 2025. The city is reviewing its financial statements, which include details on assets, liabilities, and net position. Specifically, the review covers deferred inflows and outflows related to debt refunding and pension/OPEB (Other Post-Employment Benefits) plans. This process involves accounting for differences in investment earnings and demographic factors affecting pension and OPEB liabilities. The financial reporting also defines net position components: net investment in capital assets, restricted assets, and unrestricted assets. This is an early stage in the city's financial review process, indicating a need for accounting and financial advisory services. Businesses specializing in governmental accounting, financial consulting, and auditing may find opportunities to engage with the city as these financial matters are under review.