2 2 Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services $ 137,107,455 $ 59,422,881 Cash received for other revenues 2,466,215 419,749 Cash received for outside services - - Cash payments for goods and services (74,390,651) (38,488,811) Cash payments to employees (18,393,548) (2,798,436) Cash received (payments) for customer deposits 288,696 (19,931) Net cash provided by (used for) operating activities 47,078,167 18,535,452 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received - - Cash transfers from other funds 13,000 17,222 Cash transfers to other funds (2,845,149) (501,513) Interfund payable - 60,556 Interfund receivable - 3,011,388 Net cash provided by (used for) noncapital financing activities (2,832,149) 2,587,653 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from bond issuance 149,323,499 - Proceeds from commercial paper 23,686,000 - Proceeds from sale of capital assets - - Capital contributed by developers and other funds 24,215,172 - Capital grants 22,629 - Acquisition and construction of capital assets (61,934,243) (27,516,461) Payments for debt issuance costs (1,061,887) (390) Principal repayments-revenue bonds (3,150,000) - Principal repayments-commercial paper (23,686,000) - Principal repayments-notes (12,545,000) (2,880,000) Interest paid (9,276,222) (833,017) Net cash provided by (used for) capital and related financing activities 85,593,948 (31,229,868) CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings (11,922,120) (6,743,667) Net increase (decrease) in cash 117,917,846 (16,850,430) Cash and investments, October 1, 2021 (including $151,175,880 in restricted assets) 271,920,899 135,237,541 Cash and investments, September 30, 2022 (including $243,072,158 in restricted assets) $ 389,838,745 $ 118,387,111 The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2022 Business-type Activities Enterprise Funds 72
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