B. GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS:

City Commission · 2026-05-13 · agenda_item

This item concerns the City of Winter Park's government-wide and fund financial statements. These statements report on the city's nonfiduciary activities, separating governmental activities from business-type activities. The statement of activities shows how direct expenses for city functions are covered by program revenues, which include charges for services and restricted grants. Separate financial statements will be provided for governmental, proprietary, and fiduciary funds. This item is currently under review by the City Commission. The work involves financial reporting and analysis, which may lead to future needs for accounting, auditing, and financial consulting services. Early engagement with city finance departments could provide insights into potential future service requirements.