2 2 Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services 160,383,031 $ 64,100,002 Cash received for other revenues 6,006,303 359,584 Cash received for outside services - - Cash payments for goods and services (91,333,569) (48,850,934) Cash payments to employees (22,048,795) (3,192,342) Cash received for customer deposits 47,180 (58,477) Net cash provided by (used for) operating activities 53,054,150 12,357,833 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received 4,025 8,284 Cash transfers from other funds 110,416 56,690 Cash transfers to other funds (2,889,118) (427,699) Interfund receivable - (17,000,000) Interfund payable - - Net cash provided by (used for) noncapital financing activities (2,774,677) (17,362,725) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from bond issuance - 18,083,498 Proceeds from sale of capital assets - - Capital contributed by developers and other funds 19,872,832 - Capital grants 10,003,724 - Acquisition and construction of capital assets (149,502,736) (5,584,479) Payments for debt issuance costs 234 (133,498) Principal repayments-revenue bonds (4,740,000) - Principal repayments-notes (8,425,000) (1,580,000) Interest paid (17,919,502) (690,193) Net cash provided by (used for) capital and related financing activities (150,710,448) 10,095,328 CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings 20,609,376 9,545,802 Net increase (decrease) in cash (79,821,599) 14,636,238 Cash and investments, October 1, 2023 (including $217,153,310 in restricted assets) 374,100,674 126,123,769 Cash and investments, September 30, 2024 (including $179,910,988 in restricted assets) $ 294,279,075 $ 140,760,007 The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds Proprietary Funds For the Year Ended September 30, 2024 Sarasota County, Florida Statement of Cash Flows 72
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