C. Capital Assets

City Council Meeting · 2026-04-28 · agenda_item

This item details changes in capital assets for governmental activities. It shows increases and decreases in land, construction-in-progress, buildings, improvements/infrastructure, machinery and equipment, and right-to-use leased assets. The report covers the year ended September 30, 2022. This information is part of a financial statement note. The item is currently under review as part of a financial reporting process. The scope of work involves accounting for asset changes, depreciation, and transfers. This process would involve financial analysis and reporting services. Local businesses in accounting, financial services, and consulting could find opportunities related to understanding and managing these capital asset changes.