The Federal, State and Local Grant Funds and has a total fund balance of $937 thousand, an increase of $10.1 million over the prior fiscal year mainly due to grant funding received related to the American Rescue Plan Federal Grant. During the fiscal year $23.7 million has been spent on grant eligible expenditures. The Infrastructure One-Cent Sales Tax Capital Projects Fund has a total fund balance of $73.5 million, an increase $8.7 million from the prior fiscal year. This increase is a result of changes in capital construction related expenses and the timing of funding for the projects, the majority of which, $16.6 million is allocated to Transportation. Transportation expenditures included costs for the County’s roadway resurfacing, sidewalk program and road improvement projects. The Debt Proceeds Capital Project Fund has a total fund balance of $7.8 million, a decrease of $11.6 million from the prior fiscal year. This decrease is a result of capital project spending. The fund balance must be used to account for specific general government capital improvements that are financed by the issuance of general obligation and non-self-supporting revenue bonds. During fiscal year 2022, $11.7 million was spent on capital construction. The largest components of this was $9.5 million for the improvement of the Legacy Trail Extension railroad corridor and $1.1 million for the design and construction for the Downtown cooling plant. Proprietary Funds. Sarasota County’s proprietary funds provide the same type of information found in the government-wide statements but in more detail. Unrestricted net position of the Utility System increased $9.5 million to $186.9 million at the end of the current fiscal year, primarily due to the increase in operating revenue of $11.4 million. The Solid Waste System unrestricted net position decreased by $30.9 million to $34.5 million at the end of the current fiscal year. This is a result of increases in the landfill closure liability. The Stormwater Utility unrestricted net position decreased $683 thousand to $20.7 million at the end of the current fiscal year. Transit reported a decrease in unrestricted net position of $2.3 million to $120.8 thousand deficit at the end of the current fiscal year. Unrestricted net position in the proprietary funds is available to fund future needs of their respective activities. Other factors concerning the finances of these funds have previously been addressed in the discussion of Sarasota County’s business-type activities on page 36. Unrestricted net position in the internal services funds amounted to $72.1 million at the end of the current fiscal year, an increase of $11.8 million over the prior fiscal year. The County’s Risk fund reported a negative unrestricted net position of $2.4 million which was a decrease of $4.5 million from prior fiscal year. This change was a result of an increase in the actuarial determined vehicle liability that impacted claims paid. The Public Work’s Fund reported a negative unrestricted net position of $1.8 million which was an increase of $404.4 thousand which was largely due to changes in the pension liability. General Fund Budgetary Highlights During the current fiscal year, the Board of County Commissioners approved a $5.9 million increase in appropriations between the original and the final amended budget. The two largest changes were appropriation of funds returned by the Sheriff in the prior fiscal year and the funding for a parks and recreation reimbursement grant for facility improvements of $1 million. Budget to actual variances for the General Fund are listed below: General government expenditures were $6.9 million under budget in part due to conservative spending. Human services expenditures were $2.0 million under budget due to professional medical services spending was lower than expected. Budgetary fund balance of $47.5 million was budgeted to be used in fiscal year 2022; however, only $12.7 million was used. 38
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