Sarasota County, Florida Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years Fiscal Year 2012 2013 2014 2015 REVENUES Taxes $ 214,519,790 $ 216,189,183 $ 230,609,126 $ 243,077,886 Permits, fees and special assessments 62,929,775 66,328,862 78,015,346 73,342,974 Intergovernmental 70,251,481 69,237,766 62,187,707 64,809,643 Charges for services 57,259,956 60,879,094 65,002,178 66,786,279 Judgments, fines and forfeits 1,826,808 2,500,102 4,291,027 3,706,106 Interest income 12,150,976 9,282,797 8,281,596 7,848,734 Net inc (dec) in fair value of investments 4,343,964 (10,881,268) 522,151 1,086,138 Securities lending income 23,538 - - - Contributions and donations 3,193,385 1,054,013 727,620 197,768 Miscellaneous 6,276,760 31,164,152 10,038,884 21,189,028 Total revenues 432,776,433 445,754,701 459,675,635 482,044,556 EXPENDITURES Current: General government 80,862,850 90,061,486 93,759,812 94,651,955 Public safety 179,070,015 185,522,848 202,052,344 221,076,958 Physical environment 11,175,833 12,393,966 11,542,743 8,577,679 Transportation 48,807,907 47,420,611 52,257,542 62,412,411 Economic environment 13,452,967 10,628,552 12,744,872 10,279,172 Human services 19,629,408 21,193,029 21,306,661 22,199,112 Culture and recreation 53,738,907 52,937,656 68,045,910 57,512,761 Securities lending (4,810) - - - Intergovernmental 141,778 375,836 15,635 - Debt Service: Principal 20,771,302 20,612,662 20,063,226 25,169,005 Debt issuance costs 76,076 - 381,522 846,813 Interest and fiscal charges 15,234,980 14,538,314 14,736,925 11,495,843 Current refunding bond issuance to escrow 10,642,280 - - - Refunding other sources to escrow 849,584 - 350,749 1,020,650 Arbitrage - - - - Total expenditures 454,449,077 455,684,960 497,257,941 515,242,359 Excess (deficiency) of revenues over (under) expenditures (21,672,644) (9,930,259) (37,582,306) (33,197,803) Transfers in 88,411,344 87,486,287 84,699,254 98,231,003 Transfers out (94,498,871) (107,041,410) (95,141,379) (113,025,375) Discount of bond issuance - - (130,606) - Premium on bond issuance - - - 13,262,470 Commercial paper issuance 5,575,000 - 8,225,000 6,066,000 Debt issuance - - 17,245,000 70,845,000 Note issuance 10,302,000 - 49,532,000 100,125,000 Premium on bond issuance - - - - Revenue bond issuance - - - - General Obligation bond issuance - - - - Advance refunding bond proceeds to escrow - - (26,843,145) (165,438,141) Total other financing sources (uses) 9,789,473 (19,555,123) 37,586,124 10,065,957 SPECIAL ITEMS Business Loan Repayment - - - - Business Loan Issued - - - - Net change in fund balances $ (11,883,171) $ (29,485,382) $ 3,818 $ (23,131,846) Debt service as a percentage of noncapital expenditures 9.2% 9.0% 8.5% 8.8% 260
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