Annual Report of the Sarasota County Clerk and Comptroller

COMPTROLLER AND TREASURER ACTIVITY FY2017* W hile serving as the County Comptroller, the Clerk of the Circuit Court and County Comptroller is custodian of all county funds. Vendors and others who provide services to county government receive payments for their goods and services through this office. We pride ourselves on having a prompt payment process. Although state law establishes 45 days as the threshold for payments, this office has set a goal of five days after receiving a valid invoice approved by Sarasota County Government. Rating agencies, Internal Revenue Service, Securities Exchange Commission and Financial institutions rely on the financial records kept by this office, and the county Comprehensive Annual Financial Report (CAFR) is prepared and published along with other reports designed to support the community’s interest. As Treasurer, the Clerk of the Circuit Court and County Comptroller manages the overall banking relationships for county government and invests Sarasota County’s surplus public funds to maximize investment earnings while minimizing risk. For more FAQs, please visit our website at SarasotaClerk.com Invoices pre-audited and paid on behalf of Sarasota County Governmen t Payroll direct deposits processed on behalf of the Clerk and Comptroller, Tax Collector, Property Appraiser, Supervisor of Elections, and Board of County Commissioners Approximate number of employees paid bi-weekly Interest earned in treasury performance Average investment portfolio 62,917 71,001 2,800 $13 Million $880.7 Million ACCOUNTS PAYABLE FY2018 INVESTMENT SERVICES FY2017* PAYROLL SERVICES FY2018 15,545 Deposits verified and entered into the county accounting system Total expenditures for fiscal year 2017 totaled $820.7 million, which has decreased from the prior year by $5.4 million. The largest percentage of expenditures is Economic Environment 1.41% Public Safety 26.81% Physical Environ 20.16% Human Services 2.64% Culture/Recreation 7.07% Internal Service 13.43% Transportation 9.11% Debt Service 6.06% General Government 13.31% EXPENDITURES $821 MILLION in Public Safety, which includes Sheri and Fire Departments. Total expenditures for fiscal year 2017 totaled $820.7 million, which has decreased from the prior year by $5.4 million. The largest percentage of expenditures is Economic Environment 1.41% Public Safety 26.81% Physical Environ 20.16% Human Services 2.64% Culture/Recreation 7.07% Internal Service 13.43% Transportation 9.11% Debt Service 6.06% General Government 13.31% EXPENDITURES $821 MILLION in Public Safety, which includes Sheri and Fire Departments. REVENUE BY FUNCTION This graph illustrates the County’s fiscal year ended September 30, 2017 revenues of $839 million accounted for in major revenue categories. Taxes 32.85% Fines 0.41% Permits, Fees & Assessments 9.94% Charges for Services 41.50% Intergovernmental 7.79% Investments 1.02% Other 6.50% REVENUE $839 MILLION REVENUE BY FUNCTION This graph illustrates the County’s fiscal year ended S pt mb r 30, 2017 revenues of $839 million accounted for in major revenue categories. Taxes 32.85% Fines 0.41% Permits, Fees & Assessments 9.94% Charges for Services 41.50% Intergovernmental 7.79% Investments 1.02% Other 6.50% REVENUE $839 MILLION COUNTY COMPTROLLER AND TREASURER The Comptroller accounts for millions of dollars in public funds, which are managed and used in Sarasota County. *FY2017 represents fiscal year 2017 data of October 1, 2016 through September 30, 2017. REVENUE BY FUNCTION EXPENDITURES BY FUNCTION $839 MILLION $821 MILLION BOARD SERVICES COMPTROLLER