6 15 15 Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2021 Business-type Activities Enterprise Funds Major Major Major Utility Solid Waste Stormwater System System Utility LIABILITIES Current unrestricted liabilities: Accounts payable $ 2,469,981 $ 59,524 $ 19,300 Internal balances - - - Wages and benefits payable 870,183 128,156 351,573 Contracts and retainages payable 7,038,058 2,996,322 375,783 Intergovernmental payable - 14,067 7,742 Compensated absences 1,062,725 160,757 415,903 Notes and loans payable 12,545,000 2,880,000 - Revenue bonds payable 3,150,000 - - Unearned revenue 3,037,085 - - Claims and judgments payable - - - Total current liabilities payable from unrestricted assets 30,173,032 6,238,826 1,170,301 Current liabilities payable from restricted assets: Accounts payable 5,573 - - Contracts and retainages payable 5,503,325 830,016 - Customer deposits 3,329,440 743,077 - Landfill closure - 371,482 - Total current liabilities payable from restricted assets 8,838,338 1,944,575 - Total current liabilities 39,011,370 8,183,401 1,170,301 Non-current liabilities: Notes and loans payable 36,695,000 34,925,000 - Revenue bonds payable (net) 237,323,816 - - Net pension liability 4,814,467 667,917 1,935,144 Compensated absences 79,990 12,100 31,305 Claims and judgments payable - - - Landfill closure - 36,462,759 - Total non-current liabilities 278,913,273 72,067,776 1,966,449 Total liabilities 317,924,643 80,251,177 3,136,750 DEFERRED INFLOWS OF RESOURCES Deferred amounts on debt refundings 46,260 - - Deferred amounts for pensions 7,357,647 1,021,539 2,957,057 Deferred amounts for OPEB 351,165 54,700 138,842 Total deferred inflows of resources 7,755,072 1,076,239 3,095,899 NET POSITION Net investment in capital assets 532,418,945 85,850,980 88,193,577 Restricted for capital projects 16,332,479 - 2,412,412 Restricted for renewal and replacement 2,000,000 500,000 - Restricted for other purposes 341,360 - - Unrestricted 177,360,049 65,430,955 21,382,391 Total net position $ 728,452,833 $ 151,781,935 $ 111,988,380 The notes to the financial statements are an integral part of this statement. 64
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