F. Net investment in capital assets

City Council Meeting · 2026-04-28 · agenda_item

This item concerns the City of Groveland's financial reporting on its net investment in capital assets. The city is reporting a total net investment of $65,515,864 in capital assets. This figure includes $95,682,052 in capital assets, offset by $108,365 in contracts and retainage payable, and $30,057,823 in outstanding debt related to these assets. This is a financial reporting item, not a project under development. Therefore, there is no direct construction or trade work currently being initiated by this specific agenda item. Local contractors, suppliers, and service providers should monitor future city council agendas for potential capital improvement projects that may arise from these financial reports.

Capital assets (net)

95,682,052 $

Contracts and retainage payable

108,365 $

Outstanding debt related to capital assets

30,057,823 $

Net investment in capital assets

65,515,864 $