6. Long-Term Liabilities

Board of County Commissioners Meeting · 2026-04-14 · agenda_item

This item concerns the financial reporting of long-term liabilities for Collier County, specifically focusing on accrued compensated absences. The county is reporting changes in these liabilities as of September 30, 2025. A portion of these liabilities, amounting to $1,453,296, is expected to be paid within the fiscal year ending September 30, 2026. This is a financial reporting and accounting matter, not a construction project. Therefore, there is no direct construction work or related trades opportunity presented by this agenda item. Businesses involved in financial services, accounting, and government contracting may find this information relevant for understanding county financial obligations.

Accrued compensated absences as previously reported

2,502,295 $

Accrued compensated absences as restated

4,033,778 $

Net change in accrued compensated absences

268,289 $

Accrued compensated absences as of September 30, 2025

4,302,067 $

Amount expected to be paid during fiscal year ending September 30, 2026

1,453,296 $