Sarasota County, Florida Notes to Financial Statements September 30, 2024 Construction in progress for the Stormwater Utility at year-end consisted of $1,061,452 in design and construction of Stormwater management improvements in various basins throughout the County. The County has capital assessments to finance these improvements. Construction in progress for Transit at year-end consisted of $2,110,470 in costs related to public transportation projects. These projects are funded through capital grants. C. COMMITMENTS As of September 30, 2024, the County had open construction commitments totaling $446,007,419 for the following funds: D. DEPRECIATION OR AMORTIZATION Depreciation or amortization expense was charged to functions of the County as follows: Governmental Activities Debt Proceeds Fund $ 103,493,067 Infrastructure One Cent Sales Tax Capital Projects Fund 49,682,648 Nonmajor capital projects funds 128,061,165 Total commitments - govermental activities $ 281,236,880 Business-type Activities Utility System $ 144,878,597 Solid Waste System 12,459,324 Stormwater Utility 410,955 Transportation Authority 7,021,663 Total commitments - business-type activities $ 164,770,539 Governmental Activities General government $ 14,735,797 Public safety 10,869,015 Physical environment 2,818,034 Transportation 38,116,176 Economic environment 203,948 Human services 94,664 Culture and recreation 14,130,723 Internal service funds 18,700,567 Total depreciation expense – governmental activities $ 99,668,924 Business-type Activities Utility System $ 35,887,484 Solid Waste System 6,511,901 Stormwater Utility 5,033,703 Transit 3,024,756 Total depreciation expense – business-type activities $ 50,457,844 112
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