To the Citizens of Sarasota County I am pleased to present the Sarasota County IMPACT Report for the fiscal year ended September 30, 2022. This report, which is also called a Popular Annual Financial Report, provides the citizens of Sarasota County an easy-toread overview of the County’s revenues, expenses and other key economic indicators for the fiscal year that ended on September 30, 2022. My primary focus as County Comptroller is providing outstanding service to you. I trust that you will find this report has been presented in a straight-forward manner and explains how your tax money is managed, spent and invested. Sarasota County’s finances continued to strengthen in Fiscal Year 2022, as evidenced by the following comparison to Fiscal Year 2021: • Tourist Development Tax revenues increased by 29.9 percent, from $31.1 million to $40.4 million. • Population increased by 2.5 percent, from 441,508 to 452,378. • Taxable assessed property value increased by 17.6 percent, from $70.1 million to $82.4 million. • Total General Fund expenditures were $289.2 million, which was 4.3 percent less than the amended budget of $302.1 million. The end of Fiscal Year 2022 came with the unexpected Hurricane Ian and the enormous efforts that ensued to keep people in our community safe and our assets protected. Preparing for a hurricane requires an extensive coordinated effort of all local, state, and federal governmental entities, and this year’s hurricane required nothing less. Emergency purchases and other such activities were modified for the duration of storm preparation, and our office was there to support these government efforts at a critical time in our community. I’m proud to say that during this time, the support provided by those in our office who work on your behalf was nothing short of exemplary. Also, I was impressed by the unity that transpired – neighbors helping neighbors and governments, businesses and nonprofit organizations all coming together to ensure our community prospers. There is much left to do to rebuild, but I remain optimistic that we can accomplish great things together. As Comptroller, I am proud to report that we have received the Award for Outstanding Achievement in Popular Annual Financial Reporting for the 2021 IMPACT Report and the Certificate of Achievement for Excellence in Financial Reporting for our 2021 Annual Comprehensive Financial Report from the Government Finance Officers Association (GFOA). In addition, Sarasota County was issued the Distinguished Budget Presentation Award for fiscal year 2022. There is a dedicated team of talented financial professionals who contributed to such success. Should you desire more information not found in the IMPACT report, you may wish to review the Annual Comprehensive Financial Report which contains more detailed audited financial information. In addition, the Consolidated Major Revenue and Debt Report provides a summary of the County’s major revenue sources, indebtedness, and arbitrage. These reports can be viewed and downloaded at SarasotaClerk.com. If you have any comments or suggestions on how we may improve this report, please contact the Finance Department at (941) 861-5165. Thank you for the opportunity to continue to serve as your Sarasota County Clerk of the Circuit Court and County Comptroller. It is a great privilege and honor to contribute to our community. Sincerely, Karen E. Rushing Clerk of the Circuit Court and County Comptroller A MESSAGE FROM KAREN E. RUSHING CLERK OF THE CIRCUIT COURT AND COUNTY COMPTROLLER IMPACT REPORT SARASOTA COUNTY, FLORIDA FISCAL YEAR ENDED SEPTEMBER 30, 2022 4 ABOUT THIS REPORT 5 ABOUT THIS OFFICE 6 AT A GLANCE 7 OUR COUNTY 8 COUNTY GOVERNMENT 9 H OW TO CONTACT YOUR LOCAL GOVERNMENT 10 DEMOGRAPHICS 12 BUDGET 14 FINANCIAL INFORMATION SUMMARY 16 PROPERTY TAXES 18 COUNTY RESERVES 19 COUNTY REVENUES AND EXPENDITURES 20 DEBT 22 CAPITAL ASSETS 23 INVESTMENTS
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