6 8 10 Governmental Business-type Activities Activities Total Sarasota County, Florida Statement of Net Position September 30, 2024 LIABILITIES Current liabilities: Accounts payable 6,886,321 $ 636,198 $ 7,522,519 $ Wages and benefits payable 22,457,012 1,104,988 23,562,000 Contracts and retainages payable 49,884,131 21,199,870 71,084,001 Intergovernmental payable 13,213,726 - 13,213,726 Compensated absences 29,643,861 2,507,408 32,151,269 Notes and loans payable 12,008,952 6,045,000 18,053,952 Commercial paper payable 2,764,000 - 2,764,000 Bonds payable 14,620,000 7,365,000 21,985,000 Total OPEB liability 337,188 - 337,188 Subscription liability 2,169,336 - 2,169,336 Lease liability 3,718,027 - 3,718,027 Unearned revenue 39,440,675 4,946,363 44,387,038 Claims and judgments payable 13,655,136 - 13,655,136 Total current liabilities payable from unrestricted assets 210,798,365 43,804,827 254,603,192 Current liabilities payable from restricted assets: Accounts payable - 2,490,416 2,490,416 Contracts and retainages payable - 20,115,986 20,115,986 Customer deposits 125,490 4,537,566 4,663,056 Landfill closure - 418,748 418,748 Total current liabilities payable from restricted assets 125,490 27,562,716 27,688,206 Total current liabilities 210,923,855 71,367,543 282,291,398 Noncurrent liabilities: Rebatable arbitrage 1,211,399 - 1,211,399 Notes and loans payable 39,162,838 44,340,000 83,502,838 Commercial paper payable 20,531,000 - 20,531,000 Bonds payable (net) 419,568,838 424,330,671 843,899,509 Subscription liability 4,584,421 - 4,584,421 Lease liability 5,136,998 - 5,136,998 Net pension liability 408,512,325 32,132,225 440,644,550 Total OPEB liability 12,819,188 - 12,819,188 Compensated absences 10,274,459 188,731 10,463,190 Claims and judgments 17,279,639 - 17,279,639 Landfill closure - 32,073,884 32,073,884 Total noncurrent liabilities 939,081,105 533,065,511 1,472,146,616 Total liabilities 1,150,004,960 604,433,054 1,754,438,014 DEFERRED INFLOWS OF RESOURCES Deferred taxes received in advance 3,198,037 - 3,198,037 Deferred amounts for pensions 41,112,407 2,859,894 43,972,301 Deferred amounts for OPEB 3,681,806 470,327 4,152,133 Deferred amounts for leases 338,243 903,768 1,242,011 Deferred revenues 124,556 - 124,556 Total deferred inflows of resources 48,455,049 4,233,989 52,689,038 NET POSITION Net investment in capital assets 1,442,669,483 879,850,000 2,322,519,483 Restricted for capital projects 301,304,865 10,441,611 311,746,476 Restricted for enabling legislation 206,862,991 - 206,862,991 Restricted for grants 2,218,469 - 2,218,469 Restricted for debt service 3,516,870 - 3,516,870 Restricted for impact fee programs 103,206,044 - 103,206,044 Restricted for renewal and replacement - 2,500,000 2,500,000 Restricted for other purposes nonexpendable 1,504,355 - 1,504,355 Restricted for other purposes 7,390,142 2,215,010 9,605,152 Unrestricted (239,323,730) 508,015,084 268,691,354 Total net position $ 1,829,349,489 $ 1,403,021,705 $ 3,232,371,194 45
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