20 Business-type Activities Enterprise Funds 6 13 13 Major Major Major Utility Solid Waste Stormwater System System Utility OPERATING REVENUES Charges for services $ 6,339,293 $ 63,696,776 $ 26,991,016 Water sales 61,442,872 - - Wastewater treatment charges 98,359,747 - - Other revenue 1,149,780 359,584 271,957 Total operating revenues 167,291,692 64,056,360 27,262,973 OPERATING EXPENSES Personnel services 23,335,657 3,437,759 8,096,691 General and administrative 9,007,220 47,309,031 12,367,398 Water treatment and distribution 47,217,579 - - Wastewater collection and treatment 33,899,364 - - Landfill closure and post closure - 7,639,099 - Claims paid - - - Depreciation and amortization 35,887,484 6,511,901 5,033,703 Total operating expenses 149,347,304 64,897,790 25,497,792 Operating income (loss) 17,944,388 (841,430) 1,765,181 NON-OPERATING REVENUES (EXPENSES) Operating grants 25,058,486 8,481 47,589 Interest income 12,656,752 5,470,627 1,679,278 Net inc (dec) in fair value of investments 7,843,842 4,197,635 1,122,177 Interest expense (15,827,264) (667,332) - Debt issuance costs - (133,498) - Other non-operating revenues (expense) 4,926,227 - - Gain (loss) on disposition of assets - - - Total non-operating revenues (expenses) 34,658,043 8,875,913 2,849,044 Income (loss) before contributions and transfers 52,602,431 8,034,483 4,614,225 Capital contributions 55,737,803 - 217,248 Transfers in 110,416 56,690 - Transfers out (2,889,118) (427,699) (501,194) Change in net position 105,561,532 7,663,474 4,330,279 Net position - beginning 811,260,760 180,219,246 105,834,396 Net position - ending $ 916,822,292 $ 187,882,720 $ 110,164,675 The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds For the Year Ended September 30, 2024 68
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