Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2022 6 15 15 Major Major Major Utility Solid Waste Stormwater System System Utility LIABILITIES Current unrestricted liabilities: Accounts payable $ 2,615,899 45,980 $ 30,387 $ Internal balances - - - Wages and benefits payable 221,241 23,211 29,193 Contracts and retainages payable 4,318,902 5,605,833 783,300 Compensated absences 1,160,783 192,243 424,939 Lease liability 69,976 - - Notes and loans payable 8,280,000 2,950,000 - Revenue bonds payable 4,695,000 - - Unearned revenue 3,871,798 - - Claims and judgments payable - - - Interest payable 41 - - Total current liabilities payable from unrestricted assets 25,233,640 8,817,267 1,267,819 Current liabilities payable from restricted assets: Accounts payable 3,098,804 - - Contracts and retainages payable 3,623,255 2,054,079 148,258 Customer deposits 3,618,135 723,147 - Landfill closure - 375,940 - Total current liabilities payable from restricted assets 10,340,194 3,153,166 148,258 Total current liabilities 35,573,834 11,970,433 1,416,077 Non-current liabilities: Notes and loans payable 28,415,000 31,975,000 - Revenue bonds payable (net) 379,896,040 - - Net pension liability 9,393,389 1,463,016 3,543,435 Compensated absences 87,371 14,470 31,985 Lease liability 93,627 - - Claims and judgments payable - - - Landfill closure - 71,226,219 - Total non-current liabilities 417,885,427 104,678,705 3,575,420 Total liabilities 453,459,261 116,649,138 4,991,497 DEFERRED INFLOWS OF RESOURCES Deferred amounts on debt refundings 23,284 - - Deferred amounts for pensions 504,303 78,545 190,236 Deferred amounts for OPEB 289,019 44,323 106,336 Total deferred inflows of resources 816,606 122,868 296,572 NET POSITION Net investment in capital assets 557,617,734 87,255,719 83,164,983 Restricted for capital projects 17,166,787 - 2,089,770 Restricted for renewal and replacement 2,000,000 500,000 - Restricted for other purposes 642,263 - - Unrestricted 186,874,569 34,522,166 20,699,860 Total net position $ 764,301,353 $ 122,277,885 $ 105,954,613 The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds 64
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