6 8 10 Governmental Business-type Activities Activities Total Sarasota County, Florida Statement of Net Position September 30, 2022 LIABILITIES Current liabilities: Accounts payable 5,657,425 $ $ 2,723,742 8,381,167 $ Wages and benefits payable 13,998,332 414,277 14,412,609 Contracts and retainages payable 30,847,302 12,380,932 43,228,234 Refunds payable 101,519 - 101,519 Intergovernmental payable 11,020,234 - 11,020,234 Interest payable 6,882 41 6,923 Compensated absences 20,854,883 2,303,957 23,158,840 Notes and loans payable 17,590,513 11,230,000 28,820,513 Commercial paper payable 1,867,000 - 1,867,000 Bonds payable 23,305,000 4,695,000 28,000,000 Lease liability 1,971,151 69,976 2,041,127 Unearned revenue 51,932,722 3,871,798 55,804,520 Claims and judgments payable 12,147,539 - 12,147,539 Total current liabilities payable from unrestricted assets 191,300,502 37,689,723 228,990,225 Current liabilities payable from restricted assets: Accounts payable - 3,098,804 3,098,804 Contracts and retainages payable - 5,825,592 5,825,592 Customer deposits 164,860 4,341,282 4,506,142 Landfill closure - 375,940 375,940 Total current liabilities payable from restricted assets 164,860 13,641,618 13,806,478 Total current liabilities 191,465,362 51,331,341 242,796,703 Noncurrent liabilities: Rebatable arbitrage 6,976 - 6,976 Notes and loans payable 58,421,621 60,390,000 118,811,621 Commercial paper payable 23,716,000 - 23,716,000 Bonds payable (net) 221,890,948 379,896,040 601,786,988 Lease liability 5,097,800 93,627 5,191,427 Net pension liability 348,278,464 20,065,780 368,344,244 Total OPEB liability 10,066,831 - 10,066,831 Compensated absences 7,735,251 173,417 7,908,668 Claims and judgments 16,192,709 - 16,192,709 Landfill closure - 71,226,219 71,226,219 Total noncurrent liabilities 691,406,600 531,845,083 1,223,251,683 Total liabilities 882,871,962 583,176,424 1,466,048,386 DEFERRED INFLOWS OF RESOURCES Deferred taxes received in advance 2,507,067 - 2,507,067 Deferred amounts on debt refundings - 23,284 23,284 Deferred amounts for pensions 34,256,614 1,077,271 35,333,885 Deferred amounts for OPEB 4,943,669 695,648 5,639,317 Deferred revenues 760,668 - 760,668 Total deferred inflows of resources 42,468,018 1,796,203 44,264,221 NET POSITION Net investment in capital assets 1,299,757,770 746,904,566 2,046,662,336 Restricted for capital projects 200,592,369 19,256,557 219,848,926 Restricted for special revenues-other 205,408,643 - 205,408,643 Restricted for debt service 3,272,860 - 3,272,860 Restricted for renewal and replacement - 2,500,000 2,500,000 Restricted for other purposes nonexpendable 1,504,355 - 1,504,355 Restricted for other purposes 3,869,999 642,263 4,512,262 Unrestricted (153,743,674) 391,297,482 237,553,808 Total net position $ 1,560,662,322 1,160,600,868 $ $ 2,721,263,190 45
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