2021 Annual Comprehensive Financial Report for Sarasota County

Sarasota County, Florida Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2012 2013 2014 2015 NET (EXPENSE)/REVENUE Governmental activities: General government $ (49,039,124) $ (47,590,125) $ (53,425,385) $ (61,153,987) Public safety (116,599,284) (115,003,809) (119,701,131) (115,124,553) Physical environment (4,410,080) (3,469,062) (6,746,871) (3,014,857) Transportation (36,126,639) (51,888,992) (42,487,973) (38,143,455) Economic environment (8,582,373) (7,752,255) (10,042,241) (7,601,383) Human services (18,846,422) (20,580,844) (20,443,542) (21,824,018) Culture and recreation (31,710,053) (22,645,587) (29,547,974) (37,107,182) Interest on long term debt (14,869,484) (15,242,712) (15,772,410) (11,688,379) Subtotal governmental activities net expense (280,183,459) (284,173,386) (298,167,527) (295,657,814) Business-type activities: Utility system 20,129,375 18,556,352 27,599,178 27,772,802 Solid waste system 3,839,909 2,493,804 1,415,260 1,764,857 Stormwater utility 2,851,684 2,391,097 1,938,954 509,082 Transportation authority (15,967,604) (17,919,800) (15,407,215) (18,973,278) Subtotal business-type activities net expense 10,853,364 5,521,453 15,546,177 11,073,463 Total primary government net expense (269,330,095) (278,651,933) (282,621,350) (284,584,351) GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities: Ad valorem taxes 150,531,445 150,965,782 156,848,716 167,173,563 Motor fuel tax 11,183,012 11,552,806 11,741,433 11,964,586 Tourist tax 14,076,593 14,960,055 17,050,460 19,073,635 Franchise tax 15,665,884 15,346,666 16,618,542 17,308,484 Local communications services tax 10,734,887 10,675,672 10,764,661 10,216,291 Local government sales tax 50,271,002 52,186,598 60,268,365 63,018,804 State revenue sharing-unrestricted 7,772,346 8,219,825 8,769,270 9,550,327 Other state shared revenue-unrestricted 2,770,828 2,719,695 2,631,665 2,550,986 Unrestricted investment earnings 17,959,499 (1,469,198) 9,876,625 9,918,400 Securities lending income 23,538 - - - Miscellaneous 6,636,129 31,308,390 9,897,225 20,262,620 Transfers (11,196,862) (20,477,496) (36,896,787) (16,361,598) Special items: Business loan repayment - - - - Business loan issued - - - - Subtotal governmental activities 276,428,301 275,988,795 267,570,175 314,676,098 Business-type activities: Unrestricted investment earnings 6,517,940 734,733 4,535,680 4,788,014 Miscellaneous 2,126,773 2,601,881 2,484,409 2,315,949 Transfers 11,196,862 20,477,496 36,896,787 16,361,598 Subtotal business-type activities 19,841,575 23,814,110 43,916,876 23,465,561 Total primary government 296,269,876 299,802,905 311,487,051 338,141,659 Increase (Decrease) in Net Position Governmental activities (3,755,158) (8,184,591) (30,597,352) 19,018,284 Business-type activities 30,694,939 29,335,563 59,463,053 34,539,024 Total primary government $ 26,939,781 $ 21,150,972 $ 28,865,701 $ 53,557,308 256

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