6 15 15 Major Major Major Utility Solid Waste Stormwater System System Utility LIABILITIES Current unrestricted liabilities: Accounts payable 319,337 $ 155,338 $ 61,188 $ Internal balances - - - Wages and benefits payable 541,727 65,385 152,686 Contracts and retainages payable 12,396,664 5,033,902 546,781 Compensated absences 1,172,819 227,660 506,089 Lease liability - - - Subscription liability - - - Notes and loans payable 4,435,000 1,610,000 - Revenue bonds payable 6,700,000 665,000 - Unearned revenue 4,946,359 - - Claims and judgments payable - - - Total current liabilities payable from unrestricted assets 30,511,906 7,757,285 1,266,744 Current liabilities payable from restricted assets: Accounts payable 2,490,416 - - Contracts and retainages payable 19,833,536 282,450 - Customer deposits 3,731,560 806,006 - Landfill closure - 418,748 - Total current liabilities payable from restricted assets 26,055,512 1,507,204 - Total current liabilities 56,567,418 9,264,489 1,266,744 Non-current liabilities: Notes and loans payable 15,555,000 28,785,000 - Revenue bonds payable (net) 406,935,034 17,395,637 - Net pension liability 15,187,825 2,271,362 5,375,975 Compensated absences 88,277 17,136 38,093 Lease liability - - - Subscription liability - - - Claims and judgments payable - - - Landfill closure - 32,073,884 - Total non-current liabilities 437,766,136 80,543,019 5,414,068 Total liabilities 494,333,554 89,807,508 6,680,812 DEFERRED INFLOWS OF RESOURCES Deferred amounts for pensions 1,351,776 202,160 478,483 Deferred amounts for OPEB 210,523 31,511 81,947 Deferred amounts for leases 903,768 - - Total deferred inflows of resources 2,466,067 233,671 560,430 NET POSITION Net investment in capital assets 682,900,487 100,600,666 75,070,985 Restricted for capital projects 8,949,925 - 1,491,686 Restricted for renewal and replacement 2,000,000 500,000 - Restricted for other purposes 1,859,755 43,088 112,054 Unrestricted 221,112,125 86,738,966 33,489,950 Total net position $ 916,822,292 $ 187,882,720 $ 110,164,675 The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2024 64
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