20 Business-type Activities Enterprise Funds 6 13 13 Major Major Major Utility Solid Waste Stormwater System System Utility OPERATING REVENUES Charges for services $ 7,144,066 $ 59,368,161 $ 17,652,126 Water sales 50,759,783 - - Wastewater treatment charges 80,896,590 - - Other revenue 2,787,761 419,749 58,225 Total operating revenues 141,588,200 59,787,910 17,710,351 OPERATING EXPENSES Personal services 15,546,092 2,531,552 5,487,658 General and administrative 7,503,944 40,589,142 10,552,752 Water treatment and distribution 39,225,788 - - Wastewater collection and treatment 27,792,754 - - Landfill closure and post closure - 35,069,154 - Claims paid - - - Depreciation and amortization 32,114,150 3,104,142 6,137,455 Total operating expenses 122,182,728 81,293,990 22,177,865 Operating income (loss) 19,405,472 (21,506,080) (4,467,514) NON-OPERATING REVENUES (EXPENSES) Operating grants - 60,557 77,050 Interest income 2,538,786 1,142,856 270,872 Net inc (dec) in fair value of investments (14,354,885) (7,858,985) (2,010,000) Interest expense (8,400,959) (857,717) - Debt issuance costs (1,061,887) (390) - Other non-operating revenues (expense) (43,475) - - Gain (loss) on disposition of assets (6,202) - - Total non-operating revenues (expenses) (21,328,622) (7,513,679) (1,662,078) Income (loss) before contributions and transfers (1,923,150) (29,019,759) (6,129,592) Capital contributions 40,603,819 - 400,255 Transfers in 13,000 17,222 89,517 Transfers out (2,845,149) (501,513) (393,947) Change in net position 35,848,520 (29,504,050) (6,033,767) Net position - beginning 728,452,833 151,781,935 111,988,380 Net position - ending $ 764,301,353 $ 122,277,885 $ 105,954,613 The notes to the financial statements are an integral part of this statement. Statement of Revenues, Expenses and Changes in Fund Net Position Sarasota County, Florida Proprietary Funds For the Year Ended September 30, 2022 68
RkJQdWJsaXNoZXIy MzM3Mjg=