2022 Comprehensive Annual Financial Report for Sarasota Coun

SARASOTA COUNTY, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2022 TABLE OF CONTENTS Debt Service Funds: Subcombining Balance Sheet – Nonmajor Debt Service Funds .............................................................. 216 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Debt Service Funds............................................................................................ 220 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Nonmajor Debt Service Funds: Bank Term Loans Debt Service Fund ................................................................................................ 224 Commercial Paper Debt Service Fund ............................................................................................... 225 Second Guaranteed Entitlement Series 2013 Fund........................................................................... 226 Infrastructure Sales Surtax Series 2014A, Series 2015, and Series 2018 Fund ............................... 227 Capital Improvement Series 2017 Fund............................................................................................. 228 Capital Improvement Series 2018A Fund .......................................................................................... 229 Capital Improvement Series 2018B Fund .......................................................................................... 230 General Obligation Series 2019, and Series 2020 Fund.................................................................... 231 Capital Improvement Series 2019A Fund .......................................................................................... 232 Capital Improvement Series 2019B Fund .......................................................................................... 233 Capital Improvement Series 2019C Fund .......................................................................................... 234 Capital Improvement Series 2020 Fund............................................................................................. 235 Public Improvement Series 2021A Fund............................................................................................ 236 Public Improvement Series 2021B Fund............................................................................................ 237 Capital Projects Funds: Subcombining Balance Sheet – Nonmajor Capital Projects Funds.......................................................... 238 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Capital Projects Funds ....................................................................................... 240 Permanent Fund: Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Library Endowments ......................................................................................................... 243 Internal Service Funds: Combining Statement of Net Position – Internal Service Funds............................................................................ 246 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds ............................................................................................................. 248 Combining Statement of Cash Flows – Internal Service Funds ............................................................................ 250 Fiduciary Funds: Combining Statement of Fiduciary Net Position – Custodial Funds ...................................................................... 256 Combining Statement of Changes in Fiduciary Net Position – Custodial Funds................................................... 258 STATISTICAL SECTION: Financial Trends: Net Position by Component .......................................................................................................................................... 262 Changes in Net Position ............................................................................................................................................... 264 Fund Balances, Governmental Funds .......................................................................................................................... 268 Changes in Fund Balances, Governmental Funds....................................................................................................... 270 Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property.............................................................................. 273 Direct and Overlapping Property Tax Rates................................................................................................................. 274 Principal Property Taxpayers ....................................................................................................................................... 276 Property Tax Levies and Collections ............................................................................................................................ 277 5

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