Solid Waste System Historical Operating Results and Debt Service Coverage For the Fiscal Years Ending September 30, 2020 2021 2022 2023 2024 Operating Revenue Special Assessments(1) 18,582,331 23,484,068 26,472,376 26,493,833 27,037,034 Tipping Fees Residential 7,749,803 7,940,487 7,725,262 8,308,881 8,215,327 Municipal 5,505,972 6,310,808 6,080,774 6,884,800 7,880,479 Commercial 5,657,693 6,226,877 6,998,601 9,599,682 6,961,755 Construction & Demolition 2,612,687 2,998,224 3,797,496 7,090,990 4,230,075 Building Department Fees 660,106 792,054 568,389 798,900 1,156,779 Operating Grants 518,056 43,868 60,557 - 8,481 Other Revenue 380,343 357,779 419,749 315,147 359,584 Interest 1,700,036 867,490 1,142,856 3,094,835 5,470,627 Net incr (decr) in the fair value of investments 54,021 140,223 (970) 454,853 276,576 Transfer From Other Funds - - 17,222 - 56,690 Total Revenues 43,421,048 49,161,878 53,282,312 63,041,921 61,653,407 Operating Expenses Personal Services(2) 2,563,265 2,388,998 2,727,347 2,671,478 3,194,567 General & Administrative(3) 31,251,591 31,691,860 32,078,634 42,248,287 38,385,429 Transfer to Other Funds(4) 129,795 132,972 144,674 121,835 87,528 Total Operating Expenses 33,944,651 34,213,830 34,950,655 45,041,600 41,667,524 Revenue Available for Debt Service Coverage 9,476,397 14,948,048 18,331,657 18,000,321 19,985,883 Debt Service Requirement 3,024,314 3,169,031 3,713,017 3,711,013 2,267,463 Debt Service Coverage 3.13 4.72 4.94 4.85 8.81 Landfill Closure Fund Deposit(5) 1,680,678 1,730,713 1,559,919 1,100,000 1,100,000 (1) Does not include Special Assessments for residential disposal. (2) Amounts shown do not include Pension and OPEB expenses. (4) Transfer expenses are for administration of services provided by other county departments. (5) Cash deposited to an escrow fund to provide funds for landfill closure. Source:Sarasota County Finance Department (3) This figure is net of residential disposal costs from the Service Districts. Amounts shown do not include PILOT, internal administrative charges for general services, depreciation or amortization expenses pursuant to the Resolution. 416
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