2 2 Major Major Utility Solid Waste System System Operating income (loss) $ 17,944,388 (841,430) $ Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation and amortization expense 35,887,484 6,511,901 Nonrecurring insurance proceeds 4,926,240 - Interest expense on customer deposits (168,839) - (Increase) decrease in accounts receivable (513,055) 560,967 (Increase) decrease in lease receivable 69,717 - (Increase) decrease in intergovernmental receivable (5,216,222) (157,741) (Increase) decrease in inventories - (853,057) (Increase) decrease in prepaid items - - (Increase) decrease in OPEB assets held in trust (172,457) (26,468) (Increase) decrease in deferred outflows for pensions (555,675) (101,501) (Increase) decrease in deferred outflows for OPEB 163,656 21,972 Increase (decrease) in vouchers payable (3,925,379) 115,200 Increase (decrease) in wages and benefits payable 126,385 (2,100) Increase (decrease) in contracts and retainage payable 2,715,774 (421,199) Increase (decrease) in interfund payable - - Increase (decrease) in net pension liability 894,057 225,200 Increase (decrease) in compensated absences 33,286 4,324 Increase (decrease) in claims and judgements payable - - Increase (decrease) in customer deposits payable 47,180 (58,477) Increase (decrease) in landfill closure liability - 7,256,252 Increase (decrease) in deferred inflows for pensions 837,747 128,577 Increase (decrease) in deferred inflows for OPEB (40,137) (4,587) Total adjustments 35,109,762 13,199,263 Net cash provided by (used for) operating activities $ 53,054,150 $ 12,357,833 Non-cash investing, capital and financing activities: Contributed capital assets 33,866,203 - Transfers of capital assets from other funds - - Transfers of capital assets to other funds - - Change in fair value of investments (3,196,348) (1,239,133) Receivables related to capital asset acquisition 25,737,559 - Payables related to capital asset acquisition 6,707,988 29,019 The notes to the financial statements are an integral part of this statement. provided (used) by operating activities: Business-type Activities Enterprise Funds Reconciliation of operating income (loss) to net cash Proprietary Funds For the Year Ended September 30, 2024 Sarasota County, Florida Statement of Cash Flows-Continued 74
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