| Title Page |
3 |
| Table of Contents |
5 |
| Letter of Transmittal |
13 |
| Certificate of Achievement |
21 |
| Org Chart |
23 |
| Independent Auditors' Report |
27 |
| Management's Discussion and Analysis |
31 |
| Basic Financial Statements |
45 |
| Statement of Net Position |
46 |
| Statement of Activities |
48 |
| Governmental Funds |
50 |
| Balance Sheet - Governmental Funds |
50 |
| Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position |
53 |
| Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds |
54 |
| Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities |
57 |
| Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - General Fund |
58 |
| Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Emergency Services Special Revenue Fund |
60 |
| Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Capital Revenue Programs Special Revenue Fund |
61 |
| Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Federal, State & Local Grants Special Revenue Fund |
63 |
| Enterprise |
64 |
| Statement of Net Position - Proprietary Funds |
64 |
| Reconciliation of the Proprietary Funds Statement of Net Position to the Statement of Net Position |
69 |
| Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary Funds |
70 |
| Reconciliation of the Proprietary Funds
Statement of Revenues, Expenses, and Changes in Fund Net Position
to the Statement of Activities |
73 |
| Statement of Cash Flows
- Proprietary Funds |
74 |
| Fidicuary |
78 |
| Statement of Fiduciary Net Position
- Fiduciary Funds |
78 |
| Statement of Changes in Fiduciary Net Position
- Fiduciary Funds |
79 |
| Notes to Financial Statements |
81 |
| Required Supplementary Information |
159 |
| Changes in County's Net OPEB Liability |
160 |
| Contributions to the County's OPEB |
162 |
| Changes in Sheriff's Net OPEB Liability |
165 |
| Proportionate Share of Net Pension Liability |
166 |
| Schedule of Contributions |
172 |
| Governmental Funds Financial Statements |
179 |
| Governmental Funds |
181 |
| Combining Balance Sheet
Nonmajor Governmental Funds |
184 |
| Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds |
186 |
| Subcombining Balance Sheet
Nonmajor Special Revenue Funds |
188 |
| Subcombining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Special Revenue Funds |
194 |
| Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual: |
200 |
| Transportation Special Revenue Fund |
200 |
| Building and Zoning Special Revenue Fund |
201 |
| Tourist Development Special Revenue Fund |
202 |
| Franchise Utilities Special Revenue Fund |
203 |
| Mosquito Control Special Revenue Fund |
204 |
| Grants in Aid Special Revenue Fund |
205 |
| Environmental Resources Special Revenue Fund |
206 |
| Gifts, Donations and Recreation Special Revenue Fund |
207 |
| Improvement Districts Special Revenue Fund |
208 |
| Court Improvements Special Revenue Fund |
209 |
| Street Lighting Districts Special Revenue Fund |
210 |
| Mental Healthcare Special District Fund |
211 |
| Arts in Public Places Special Revenue Fund |
212 |
| Economic Development Special Revenue Fund |
213 |
| Moving Violation Surcharge Special Revenue Fund |
214 |
| Law Enforcement Special Revenue Fund |
215 |
| Sheriff's Special Revenue Fund |
216 |
| Clerk's Special Revenue Fund |
217 |
| Nonmajor Governmental Funds |
218 |
| Subcombining Balance Sheet
Nonmajor Debt Service Funds |
218 |
| Subcombining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Debt Service Funds |
222 |
| Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual - Nonmajor Debt Service Funds: |
226 |
| Bank Term Loans Debt Service Fund |
226 |
| Commercial Paper Debt Service Fund |
227 |
| Second Guaranteed Entitlement Series 2013 Fund |
228 |
| Infrastructure Sales Surtax Series 2014A, Series 2015 and Series 2018 Fund |
229 |
| Capital Improvement Series 2017 Fund |
230 |
| Capital Improvement Series 2018A Fund |
231 |
| Capital Improvement Series 2018B Fund |
232 |
| General Obligation Series 2019 and Series 2020 Fund |
233 |
| Capital Improvement Series 2019A Fund |
234 |
| Capital Improvement Series 2019B Fund |
235 |
| Capital Improvement Series 2019C Fund |
236 |
| Capital Improvement Series 2020 Fund |
237 |
| Public Improvement Series 2021A Fund |
238 |
| Public Improvement Series 2021B Fund |
239 |
| Subcombining Balance Sheet
Nonmajor Capital Projects Funds |
240 |
| Subcombining Statement of Revenues, Expenditures
And Changes in Fund Balances
Nonmajor Capital Projects Funds |
242 |
| Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Library Endowments |
245 |
| Internal Service Funds |
247 |
| Combining Statement of Net Position
Internal Service Funds |
248 |
| Combining Statement of Revenues, Expenses and Changes in Fund Net Position
Internal Service Funds |
250 |
| Combining Statement of Cash Flows Internal Service Funds |
252 |
| Fidicuary Funds |
257 |
| Combining Statement of Fiduciary Net Position
Custodial Funds |
258 |
| Combining Statement of Changes in Fiduciary Net Position
Custodial Funds |
260 |
| Statistical Section |
262 |
| Statistical Section Table of Contents |
263 |
| 1 Financial Trends |
264 |
| 1-Net Position by Component |
264 |
| 2-Changes in Net Position |
266 |
| 3-Fund Balances |
270 |
| 4-Changes in Fund Balances |
272 |
| 2 Revenue Capacity |
275 |
| 1-Assessed and Estimated Value of Taxable Property |
275 |
| 2-Direct and Overlapping Property Tax Rates |
276 |
| 3-Principal Property Taxpayers |
278 |
| 4-Property Tax Levies and Collections |
279 |
| 5-Property Value, Construction, and Bank Deposits |
280 |
| 6-Special Assessment Billings and Collections |
281 |
| 7-Cov of Guar Entitle for All Counties |
282 |
| 8-Cov of Guar Entitle for Sara Cty |
283 |
| 9-State of FL and Sara Cty Hist Sales Tax Coll |
284 |
| 10-State of FL and Sara Cty Hist Loc Govt Half-Cent |
285 |
| 11-Sara Cty and Municipalities Percent of Total Half-Cent |
287 |
| 3 Debt Capcity |
288 |
| 1-Ratios of Outstanding Debt by Type |
288 |
| 2-Ratios of General Bonded Debt Outstanding |
290 |
| 3-Direct and Overlapping Governmental Activities Debt |
291 |
| 4-Legal Debt Margin Information |
293 |
| 5a-Pledged-Revenue Coverage Non Self Supporting |
294 |
| 5b-Pledged-Revenue Coverage Self Supporting |
298 |
| 6-Coverage of Max Annual Debt Serv Loc Govt Half-Cent |
301 |
| 4 Demo and Economic |
302 |
| 1-Demographic and Economic Statistics |
302 |
| 2-Principal Employers |
303 |
| 3-Top Ten Manufacturers |
304 |
| 4-Miscellaneous Statistics |
305 |
| 5 Operating |
307 |
| 1-Full-time-equivalent County Employees by Function or Program |
307 |
| 2-Operating Indicators by Function |
308 |
| 3-Capital Asset Statistics by Function |
310 |
| Other Supplemental Information |
313 |
| Summary Schedule of Revenues, Expenditures
and Changes in Fund Balances - General Fund |
314 |
| Assessed Value of Taxable Property |
315 |
| Pro Forma Debt Service Coverage
Limited Ad Valorem Tax Bonds, Series 2005, Series 2010 and Series 2014
(Environmentally Sensitive Lands Protection Program) |
316 |
| Commercial Paper - Specific Borrowings |
317 |
| Communication Services Tax Revenue Bonds Series 2010, and
Communication Services Tax Revenue Refunding Note, Series 2014 and 2015
Continuing Disclosure |
318 |
| Infrastructure Sales Surtax Revenue Bonds, 2014, 2015 and 2018 and
Infrastructure Sales Surtax Revenue Note, 2020
Continuing Disclosure |
319 |
| Pro Forma Debt Service Coverage
Public Improvement Revenue Refunding Bonds
Series 2021A and 2021B |
321 |
| Utility Bond Issue Continuing Disclosure |
322 |
| 1-Util_Bond_ContDisc_Water_Sys_Hist_Stats |
322 |
| 2-Util_Bond_ContDisc_Ten_Largest_Vol_Retail |
323 |
| 3-Util_Bond_ContDisc_Monthly_WW_Ind_Meter_Retail |
324 |
| 4-Util_Bond_ContDisc_Comp_Monthly_Wtr_&WW |
325 |
| 5-Util_Wastewater_Flows_3_mo_Average |
326 |
| 6-Util_Permitted_Source_ &_Treatment_Capacity |
327 |
| 8-County Contributions to the Florida Retirement System |
329 |
| Schedule of Changes in the County's Net OPEB Liability and Related Ratios |
330 |
| Schedule of Contributions for the County's OPEB Trust Fund |
332 |
| Schedule of Changes in the Sheriff's Total OPEB Liability and Related Ratios |
334 |
| General Obligation Bond Issues - Descriptions |
335 |
| Revenue Bond Issues - Descriptions |
336 |
| Utility System Revenue Bond Issues - Descriptions |
340 |
| General Obligation Bonds - Debt Service Requirements to Maturity: |
342 |
| Summary of Debt Service Requirements to Maturity
General Obligation Bonds |
342 |
| General Obligation Bonds, Series 2019 |
343 |
| General Obligation Bonds, Series 2020 |
344 |
| General Government - Revenue Bonds - Debt Service Requirements to Maturity: |
345 |
| Summary of Debt Service Requirements to Maturity
Revenue Bonds |
345 |
| Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2014 |
346 |
| Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2015 |
347 |
| Capital Improvement Revenue Bonds, Series 2017 |
348 |
| Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2018 |
349 |
| Capital Improvement Revenue Refunding Bonds, Series 2018A |
350 |
| Capital Improvement Revenue Refunding Bonds, Series 2018B |
351 |
| Capital Improvement Revenue Bonds, Series 2019A |
352 |
| Capital Improvement Revenue Refunding Bonds, Series 2019B |
353 |
| Capital Improvement Revenue Refunding Bonds, Series 2019C |
354 |
| Capital Improvement Revenue Bonds, Series 2020 |
355 |
| Public Improvement Revenue Refunding Bonds, Series 2021A |
356 |
| Public Improvement Revenue Refunding Bonds, Series 2021B |
357 |
| Enterprise Funds - Revenue Bonds - Debt Service Requirements to Maturity: |
358 |
| Summary of Debt Service Requirements to Maturity
Utility System Revenue Bonds |
358 |
| Utility System Revenue Bonds, Series 2013 |
359 |
| Utility System Revenue Bonds, Series 2016A |
360 |
| Utility System Revenue Refunding Bonds, Series 2016B |
361 |
| Utility System Revenue Refunding Bonds, Series 2019A |
362 |
| Utility System Revenue Bonds, Series 2020A |
363 |
| Utility System Revenue Refunding Bonds, Series 2020B |
364 |
| Utility System Revenue Bonds, Series 2022 |
365 |
| General Government - Bank Term Loans - Descriptions |
366 |
| Enterprise Funds - Utility System and Solid Waste System Notes |
368 |
| General Government - Bank Term Loans - Debt Service Requirements to Maturity: |
370 |
| Summary of Debt Service Requirements to Maturity
Bank Term Loans |
370 |
| Bank Term Revenue Note, Series 2013A |
371 |
| Bank Term Revenue Note, Series 2014A |
372 |
| Communication Services Tax Revenue Refunding Note, Series 2014 |
373 |
| Five-Cent Local Option Fuel Tax Revenue Refunding Note, Series 2014 |
374 |
| Bank Term Revenue Note, Series 2014B |
375 |
| Limited Ad Valorem Tax Refunding Bond, Series 2014 |
376 |
| Communications Services Tax Revenue Refunding Note, Series 2015 |
377 |
| Infrastructure Sales Surtax Revenue Note, Series 2020 |
378 |
| Enterprise Funds - Bank Term Loans - Debt Service Requirements to Maturity: |
379 |
| Summary of Debt Service Requirements to Maturity
Utility System and Solid Waste System Notes |
379 |
| Utility System Revenue Refunding Note, Series 2015 |
380 |
| Solid Waste System Revenue Refunding Note, Series 2015 |
381 |
| Subordinate Utility System Revenue Refunding Note, Series 2021 |
382 |
| Solid Waste System Revenue Note, Series 2021 |
383 |
| Single Audit Grants Compliance Section |
385 |
| INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON
COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS |
386 |
| INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR EACH MAJOR FEDERAL PROGRAM AND
STATE PROJECT AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY THE UNIFORM
GUIDANCE AND CHAPTER 10.550, RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA |
388 |
| Schedule of Expenditures of Federal Awards
And State Financial Assistance |
391 |
| Notes to the Schedule of Expenditures of Federal
Awards and State Financial Assistance |
394 |
| SCHEDULE OF FINDINGS AND QUESTIONED COSTSFEDERAL
PROGRAMS AND STATE PROJECTS |
396 |
| Impact Fee Affidavit |
401 |