SARASOTA COUNTY, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2024 TABLE OF CONTENTS Changes in Fund Balances, Governmental Funds....................................................................................................... 290 Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property.............................................................................. 293 Direct and Overlapping Property Tax Rates................................................................................................................. 294 Principal Property Taxpayers ....................................................................................................................................... 296 Property Tax Levies and Collections ............................................................................................................................ 297 Property Value, Construction, and Bank Deposits ....................................................................................................... 298 Special Assessment Billings and Collections ............................................................................................................... 299 Coverage of Guaranteed Entitlement for All Counties by Revenue Sharing Trust Fund Receipts for All Counties ......................................................................................................................................... 300 Coverage of Guaranteed Entitlement for Sarasota County by Revenue Sharing Trust Fund Receipts for Sarasota County.................................................................................................................................. 301 State of Florida and Sarasota County Historical Sales Tax Collections....................................................................... 302 State of Florida and Sarasota County Historical Local Government Half-Cent Sales Tax .......................................... 303 Sarasota County and Municipalities Percentage Distributions of Statewide Half-Cent Sales Tax Revenues ............. 305 Debt Capacity: Ratios of Outstanding Debt by Type............................................................................................................................. 306 Ratios of General Bonded Debt Outstanding ............................................................................................................... 308 Direct and Overlapping Governmental Activities Debt ................................................................................................. 309 Legal Debt Margin Information ..................................................................................................................................... 311 Pledged-Revenue Coverage ........................................................................................................................................ 312 Coverage of Maximum Annual Debt Service Requirement by Local Government Half-Cent Sales Tax Revenues ............................................................................................................................... 318 Demographic and Economic Information: Demographic and Economic Statistics ......................................................................................................................... 319 Principal Employers ...................................................................................................................................................... 320 Top Ten Manufacturers ................................................................................................................................................ 321 Miscellaneous Statistics ............................................................................................................................................... 322 Operating Information: Full-Time Equivalent County Government Employees by Function/Program .............................................................. 323 Operating Indicators by Function/Program................................................................................................................... 324 Capital Assets Statistics by Function/Program............................................................................................................. 326 OTHER SUPPLEMENTAL INFORMATION: Summary Schedule of Revenues, Expenditures and Changes in Fund Balances – General Fund................................... 330 Assessed Value of Taxable Property .................................................................................................................................. 331 Pro Forma Debt Service Coverage – Limited Ad Valorem Tax Bonds, Series 2005, Series 2010 and Series 2014......... 332 Commercial Paper - Specific Borrowings ........................................................................................................................... 333 Communication Services Tax Revenue Bonds Series 2010, and Communication Services Tax Revenue Refunding Note, Series 2014 and 2015 Continuing Disclosure..................................................................................................... 334 Infrastructure Sales Surtax Revenue Bonds, Series 2014, 2015 and 2018 Continuing Disclosure and Infrastructure Sales Surtax Revenue Note, 2020......................................................................................................... 335 Pro Forma Debt Service Coverage – Public Improvement Revenue Refunding Bonds, Series 2021A and Series 2021B ................................................................................................................................................................ 337 Historical Collections of Revenues from Revenue Sharing Trust Fund for Counties and Pledged Revenue Sharing Moneys………………………………………………………………………………………………………………….339 Utility Bond Issue Continuing Disclosure ............................................................................................................................ 340 Schedule of Changes in the County’s Net OPEB Liability and Related Ratios .................................................................. 348 6
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