Annual Report of the Sarasota County Clerk and Comptroller

COMPTROLLER AND TREASURER ACTIVITY FY2018* AND FY2019 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 seven 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 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 COUNTY COMPTROLLER AND TREASURER The Comptroller accounts for millions of dollars in public funds, which are managed and used in Sarasota County. *FY2018 represents fiscal year 2018 data of October 1, 2017 through September 30, 2018, pending final FY2019 audited numbers. 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 70,307 68,223 3,422 $21 Million $970.5 Million ACCOUNTS PAYABLE FY2019 INVESTMENT SERVICES FY2018* PAYROLL SERVICES FY2019 15,552 Deposits verified and entered into the county accounting system Total expenditures for fiscal year 2018 totaled $930.7 million, which has increased from the prior year by $110 million. The largest percentage of expenditures is Economic Environment 1.26% Public Safety 24.86% Physical Environ 18.13% Human Services 2.31% Culture/Recreation 9.42% Internal Services 12.87% Transportation 7.91% Debt Service 12.07% General Government 11.17% in Public Safety, which includes Sheri and Fire Departments. EXPENDITURES $821 MILLION Total ex e it r s f r scal year 2 17 totaled $820.7 illion, which has decreased fr t ri r r 5.4 illion. The largest percentage of expenditures is Economic Environment 1.41% Public Safety 26.81% Physical Environ 20.16% u an Services 2.64% lt 707 Internal Service 13.43% Transportation 9.11% Debt Service 6.06% General Government 13.31% DI U S 1 ILLI i li f t , i i cl es Sheri and Fire Departments. REVENUE BY FUNCTION This graph illustrates the County’s fiscal year ended September 30, 2018 revenues of $886 million accounted for in major revenue categories. Taxes 33.47% Fines 0.38% Permits, Fees & Assessments 10.58% Charges for Services 40.72% Intergovernmental 8.45% Investments 0.96% Other 5.44% REVENUE $886 MILLION REVENUE BY FUNCTION This graph illustrates the County’s fiscal year ended September 30, 2018 revenues of $886 million accounted for in major revenue categories. Taxes 33.47% Fines 0.38% Permits, Fees & Assessments 10.58% Charges for Services 40.72% Intergovernmental 8.45% I v stments 0.96% Other 5.44% REVENUE $886 MILLION FY2018 REVENUE BY FUNCTION FY2018 EXPENDITURES BY FUNCTION $886 MILLION $931 MILLION BOARD SERVICES COMPTROLLER