b) Statement No. 104, Disclosure of Certain Capital Assets was issued in September 2024 and

Apopka City Commission Meeting · 2026-04-15 · agenda_item

This item concerns the City of Apopka's financial reporting for capital assets, specifically addressing new requirements for disclosing lease assets, intangible right-to-use assets, and subscription-based information technology arrangements. It also details disclosures for capital assets that are held for sale, including their balance, historical cost, accumulated depreciation, and any related debt. This is a planned financial reporting update, effective for fiscal years beginning after June 15, 2025. The work involves reviewing and updating financial records and disclosures related to these specific asset types. This early stage means businesses involved in financial consulting, accounting, and legal services related to government finance could find opportunities. Reaching out now allows for engagement before final reporting and auditing processes are set.