Sarasota County, Florida Notes to Financial Statements September 30, 2024 NOTE 5. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS The following is a schedule of interfund receivables and payables as of September 30, 2024: A. DUE TO/FROM OTHER FUNDS: The amounts above are expected to be repaid within one year and resulted from amounts borrowed to cover cash deficits at year-end. Additionally, Internal Service Fund inventory was purchased and is expected to be billed within one year. B. INTERFUND TRANSFERS Due to General Fund from 2 Federal, State and Local Grants Fund $ 51,684,613 Internal Service Funds 460,578 Total due to General Fund $ 52,145,191 Due to Solid Waste System from 3 Federal, State and Local Grants Fund $ 17,000,000 Total due to Solid Waste System $ 17,000,000 Due to Utility System from 7 Internal Service Funds $ 1,632,959 Total due to Utility System $ 1,632,959 Total Interfund Payable $ 70,778,150 Transfers to General Fund from: Emergency Services Special Revenue $ 1,064,434 Federal, State and Local Grants Fund 5,099,780 Nonmajor Governmental Funds 6,974,645 Utility System 2,224,097 Solid Waste System 332,155 Stormwater Utility 284,491 Debt Proceeds Capital Projects Fund 34,951 Internal Service Funds 315,573 Total transfers to General Fund $ 16,330,126 Transfers to Emergency Services Special Revenue from Nonmajor Governmental Funds 67,972 $ Utility System 464,532 Solid Waste System 56,534 Stormwater Utility 54,143 Total transfers to Emergency Services Special Revenue 643,181 $ Transfers to Infrastructure One Cent Sales Tax Capital Projects from Capital Revenue Programs Special Revenue $ 37,583,530 Total transfers to Infrastructure One Cent Sales Tax Capital Projects $ 37,583,530 107
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