B. Accounts receivable

City Council Meeting · 2026-04-28 · agenda_item

This agenda item concerns the City of Clermont's financial reporting for its water and sewer systems and sanitation services, specifically focusing on accounts receivable as of September 30, 2022. It details unbilled receivables, allowances for uncollectible accounts, and property tax collections. The item also addresses lease agreements for property used for communication signal transmission and equipment. This is a financial reporting and review item, indicating an early stage in any potential future operational or capital planning. The scope of work would involve accounting, financial analysis, and potentially auditing services. Businesses specializing in financial services, accounting, and potentially legal services related to contracts and leases could find opportunities. Early engagement with the city's finance department could provide insights into future needs.

Accounts Receivable

1,425,006 $

Unbilled Receivable

685,765 $

Allowance for Uncollectible

185,566 $

Net

1,925,205 $

General Fund Accounts Receivable

743,237 $

General Fund Unbilled Receivable

144,449 $

General Fund Allowance for Uncollectible

68,387 $

General Fund Net

819,299 $

Non-major governmental funds Accounts Receivable

3,920 $

Water and Sewer Fund Accounts Receivable

677,849 $

Water and Sewer Fund Unbilled Receivable

541,316 $

Water and Sewer Fund Allowance for Uncollectible

117,179 $

Water and Sewer Fund Net

1,101,986 $

Property taxes collected

96 %

Lease agreement initial term

2000 August

Lease agreement initial term length

5 year

Lease agreement renewal term length

5 five year terms

Lease agreement renewal expiration

2030 July 31

Monthly rental payments

1,150 $

Annual increase

3 %

Lease revenue principal

22,555 $

Lease interest

3,245 $

Lease receivable

217,860 $

Deferred inflows of resources related to leases

213,198 $