2024 Sarasota County Annual Comprehensive Financial Report

Motor Fuels Taxes - To account for various road projects that are financed by additional local option gas tax. Commercial Paper - To account for road, general government, and public safety projects that are financed by the issuance of commercial paper. Impact Fees - To account for mobility/road, park, library, law enforcement, justice facility, general government, EMS, and Fire projects that are financed by impact fees. Ad Valorem Taxes - To account for ad valorem taxes used to purchase environmentally sensitive land. All Other Capital Projects - To account for all other capital project revenues including grants and cable television franchise fees. Nonmajor Permanent Funds Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the reporting government’s programs. Library Endowment - To account for principal endowment amounts and related interest income. The interest portion of the endowments can be expended for purposes as specified by donors. 186

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