Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 7,151,523 $ 7,151,523 $ 7,262,908 $ 111,385 Interest income 39,000 39,000 535,726 496,726 Total revenues 7,190,523 7,190,523 7,798,634 608,111 EXPENDITURES Debt service: Principal 17,883,000 17,883,000 17,883,000 - Interest and fiscal charges 1,710,963 1,710,963 1,627,700 83,263 Total expenditures 19,593,963 19,593,963 19,510,700 83,263 Excess (deficiency) of revenues over (under) expenditures (12,403,440) (12,403,440) (11,712,066) 691,374 OTHER FINANCING SOURCES (USES) Transfers in 11,805,283 11,549,843 11,549,843 - Total other financing sources (uses) 11,805,283 11,549,843 11,549,843 - Net change in fund balances (598,157) (853,597) (162,223) 691,374 Fund balances - beginning 1,929,386 1,929,386 1,929,386 - Fund balances - ending $ 1,331,229 $ 1,075,789 $ 1,767,163 $ 691,374 Sarasota County, Florida Bank Term Loans Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2024 234
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