CRF funds must be used on eligible expenditures incurred due to the global health crisis - COVID-19 public health emergency as further provided for in the Act. All other amounts must be used for their restricted specific purpose. During the fiscal year $86.2 million has been spent on grant eligible expenditures. The Infrastructure One-Cent Sales Tax Capital Projects Fund has a total fund balance of $64.7 million, an increase $11.4 million from the prior fiscal year. This increase is a result of changes in capital construction related expenses and the timing of funding for the projects, the majority of which, $12.3 million is allocated to Transportation. Transportation expenditures included costs for the County’s roadway resurfacing, sidewalk program and road improvement projects. The Debt Proceeds Capital Project Fund has a total fund balance of $19.5 million, a decrease of $37.5 million from the prior fiscal year. This decrease is largely a result of capital project expenditures. The fund balance must be used to account for specific general government capital improvements that are financed by the issuance of general obligation and non-self-supporting revenue bonds. During fiscal year 2021, $38.6 million was spent on capital construction. The three largest components of this were $5.9 million for the acquisition, construction and equipping of improvements to the South County Courts; $12.8 million for the design and construction of the Downtown Cooling Plant, Facilities Energy Conservation Measures Upgrades, and East Jail Controls Upgrade; and $16.5 million for the improvement of the Legacy Trail Extension railroad corridor. Proprietary Funds. Sarasota County’s proprietary funds provide the same type of information found in the government-wide statements but in more detail. Unrestricted net position of the Utility System increased $12.7 million to $177.4 million at the end of the current fiscal year, primarily due to the increase in operating revenue of $11.4 million. The Solid Waste System unrestricted net position increased by $5.4 million to $65.4 million at the end of the current fiscal year. This is a result of increases in charges in services received by the system. The Stormwater Utility unrestricted net position decreased $700.0 thousand to $21.4 million at the end of the current fiscal year. The Transportation Authority reported a decrease in unrestricted net position of $1.2 million and reported negative unrestricted fund balance of $2.4 million at the end of the current fiscal year. This is a result of decreases in operating revenue and operating expenses due to modification of service delivery during the fiscal year. Unrestricted net position in the proprietary funds is available to fund future needs of their respective activities. Other factors concerning the finances of these funds have previously been addressed in the discussion of Sarasota County’s business-type activities on pages 36-37. Unrestricted net position in the internal services funds amounted to $60.3 million at the end of the current fiscal year, an increase of $10.0 million over the prior fiscal year. The County’s Workers’ Compensation fund reported an increase in unrestricted net position due to a decrease in the actuarial determined liability that impacted claims paid. General Fund Budgetary Highlights During the current fiscal year, the Board of County Commissioners approved a $3.0 million increase in appropriations between the original and the final amended budget. There were no significant budgetary variances between the original and the final amended budget. Budget to actual variances for the General Fund are listed below: General government expenditures were $13.7 million under budget in part due to a pause on discretionary spending. Public safety expenditures were $4.0 million under budget in part due to capital outlay budgeted but not expended. Budgetary fund balance of $14.1 million was budgeted to be used in fiscal year 2021; however, none was used. 38
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