SARASOTA COUNTY, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2022 TABLE OF CONTENTS INTRODUCTORY SECTION: Page Letter of Transmittal .............................................................................................................................................................. 11 Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year 2021 ....................................................... 19 Sarasota County Government Organizational Chart ............................................................................................................ 21 FINANCIAL SECTION: Independent Auditors’ Report ............................................................................................................................................... 25 Management’s Discussion and Analysis............................................................................................................................... 29 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ........................................................................................................................................ 44 Statement of Activities.............................................................................................................................................. 46 Fund Financial Statements: Governmental Funds: Balance Sheet – Governmental Funds ............................................................................................................. 48 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position .................................................................................................................... 51 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds.......................................................................................................... 52 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities............................................................................................. 55 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual - General Fund ............................................................................................................................................... 56 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual - Emergency Services Special Revenue Fund............................................................................................... 58 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual - Capital Revenue Programs Special Revenue Fund .................................................................................... 59 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual - Federal, State & Local Grants Special Revenue Fund ................................................................................ 61 Proprietary Funds: Statement of Net Position – Proprietary Funds ................................................................................................. 62 Reconciliation of the Proprietary Funds Statement of Net Position to the Statement of Net Position .................................................................................................................... 67 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ......................... 68 Reconciliation of the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Position to the Statement of Activities ...................................................................................................... 71 Statement of Cash Flows – Proprietary Funds.................................................................................................. 72 Fiduciary Funds: Statement of Fiduciary Net Position – Fiduciary Funds .................................................................................... 76 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ................................................................. 77 Notes to the Financial Statements: 1) Summary of Significant Accounting Policies ..................................................................................................... 79 2) Stewardship, Compliance, and Accountability .................................................................................................. 96 3) Cash, Investments and Securities Lending ....................................................................................................... 97 4) Receivables ..................................................................................................................................................... 105 5) Interfund Receivables, Payables, and Transfers............................................................................................. 106 6) Capital Assets.................................................................................................................................................. 108 3
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