Sarasota County, Florida Notes to Financial Statements September 30, 2022 NOTE 5. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS The following is a schedule of interfund receivables and payables as of September 30, 2022: A. DUE TO/FROM OTHER FUNDS: The amounts above are expected to be repaid within one year and resulted from amounts borrowed to cover cash deficits at year-end. Additionally, Internal Service Fund inventory was purchased and is expected to be billed within one year. B. INTERFUND TRANSFERS Due to General Fund from 2 Federal, State and Local Grants Fund $ 9,599,983 Nonmajor Governmental Funds 1,453,671 Transit Fund 1,265,280 Internal Service Funds 80,558 Total due to General Fund $ 12,399,494 Due to Utility System from 7 Internal Service Funds 648,843 $ Total due to Utility System 648,843 $ Total Interfund Payable $ 13,048,337 Transfers to General Fund from: Emergency Services Special Revenue $ 1,064,434 Federal, State and Local Grants Fund 21,978,785 Nonmajor Governmental Funds 3,952,203 Utility System 2,145,796 Solid Waste System 393,937 Stormwater Utility 316,486 Total transfers to General Fund $ 29,851,641 Transfers to Emergency Services Special Revenue from Federal, State and Local Grants Fund $ 12,500,000 Nonmajor Governmental Funds 67,972 Utility System 437,485 Solid Waste System 59,863 Stormwater Utility 60,574 Total transfers to Emergency Services Special Revenue $ 13,125,894 Transfers to Infrastructure One Cent Sales Tax Capital Projects from Capital Revenue Programs Special Revenue $ 32,550,055 Total transfers to Infrastructure One Cent Sales Tax Capital Projects $ 32,550,055 Transfers to Federal, State and Local Grants Fund General Fund $ 12,542,666 Total transfers to Federal, State and Local Grants Fund $ 12,542,666 106
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