6 8 10 Sarasota County, Florida Statement of Net Position September 30, 2021 Governmental Business-type Activities Activities Total LIABILITIES Current liabilities: Accounts payable $ 4,932,071 $ 2,610,607 $ 7,542,678 Internal balances (173,233) 173,233 - Wages and benefits payable 16,897,868 1,905,041 18,802,909 Contracts and retainages payable 28,135,402 12,107,055 40,242,457 Intergovernmental payable 11,475,452 21,809 11,497,261 Compensated absences 20,881,802 2,143,443 23,025,245 Notes and loans payable 17,210,538 15,425,000 32,635,538 Commercial paper payable 5,541,000 - 5,541,000 Bonds payable 21,430,000 3,150,000 24,580,000 Unearned revenue 58,067,354 3,037,087 61,104,441 Claims and judgments payable 8,537,478 - 8,537,478 Total current liabilities payable from unrestricted assets 192,935,732 40,573,275 233,509,007 Current liabilities payable from restricted assets: Accounts payable - 5,573 5,573 Contracts and retainages payable - 6,333,341 6,333,341 Customer deposits 258,100 4,072,517 4,330,617 Landfill closure - 371,482 371,482 Total current liabilities payable from restricted assets 258,100 10,782,913 11,041,013 Total current liabilities 193,193,832 51,356,188 244,550,020 Noncurrent liabilities: Rebatable arbitrage 3,111 - 3,111 Notes and loans payable 76,012,134 71,620,000 147,632,134 Commercial paper payable 36,747,000 - 36,747,000 Bonds payable (net) 222,392,994 237,323,816 459,716,810 Net pension liability 144,377,420 10,409,468 154,786,888 Total OPEB liability 11,795,269 - 11,795,269 Compensated absences 7,554,091 161,335 7,715,426 Claims and judgments 16,935,481 - 16,935,481 Landfill closure - 36,462,759 36,462,759 Total noncurrent liabilities 515,817,500 355,977,378 871,794,878 Total liabilities 709,011,332 407,333,566 1,116,344,898 DEFERRED INFLOWS OF RESOURCES Taxes received in advance 2,862,887 - 2,862,887 Deferred amounts on debt refundings - 46,260 46,260 Deferred amounts for pensions 220,971,360 15,912,022 236,883,382 Deferred amounts for OPEB 4,147,691 880,167 5,027,858 Unavailable revenues 1,168,289 - 1,168,289 Total deferred inflows of resources 229,150,227 16,838,449 245,988,676 NET POSITION Net investment in capital assets 1,253,149,750 728,898,913 1,982,048,663 Restricted for capital projects 195,462,726 18,744,891 214,207,617 Restricted for special revenues-other 189,894,794 - 189,894,794 Restricted for debt service 2,497,622 - 2,497,622 Restricted for renewal and replacement - 2,500,000 2,500,000 Restricted for other purposes nonexpendable 1,504,355 - 1,504,355 Restricted for other purposes 2,471,467 341,360 2,812,827 Unrestricted (213,639,737) 399,049,730 185,409,993 Total net position $ 1,431,340,977 $ 1,149,534,894 $ 2,580,875,871 45
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