20 6 13 13 Sarasota County, Florida Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds For the Year Ended September 30, 2021 Business-type Activities Enterprise Funds Major Major Major Utility Solid Waste Stormwater System System Utility OPERATING REVENUES Charges for services $ 6,484,953 $ 55,693,005 $ 17,504,864 Water sales 48,239,957 - - Wastewater treatment charges 74,249,510 - - Other revenue 1,240,534 357,779 52,881 Total operating revenues 130,214,954 56,050,784 17,557,745 OPERATING EXPENSES Personal services 16,746,823 2,188,699 6,674,993 General and administrative 5,773,663 40,417,590 10,016,565 Water treatment and distribution 35,422,901 - - Wastewater collection and treatment 23,843,448 - - Landfill closure and post closure - 3,143,078 - Claims paid - - - Depreciation and amortization 30,510,302 3,081,302 6,146,521 Total operating expenses 112,297,137 48,830,669 22,838,079 Operating income (loss) 17,917,817 7,220,115 (5,280,334) NON-OPERATING REVENUES (EXPENSES) Operating grants - 43,869 175,827 Interest income 2,006,659 867,490 234,520 Net inc (dec) in fair value of investments (1,467,741) (695,944) (246,418) Interest expense (7,879,693) (395,636) - Debt issuance costs (715,857) (75,160) - Other non operating revenues (expense) - - - Gain (loss) on disposition of assets - - - Total non-operating revenues (expenses) (8,056,632) (255,381) 163,929 Income (loss) before contributions and transfers 9,861,185 6,964,734 (5,116,405) Capital contributions 37,824,007 - 1,416 Transfers in 29,211 - 64,844 Transfers out (2,821,328) (499,532) (427,679) Change in net position 44,893,075 6,465,202 (5,477,824) Net position - beginning 683,559,758 145,316,733 117,466,204 Net position - ending $ 728,452,833 $ 151,781,935 $ 111,988,380 The notes to the financial statements are an integral part of this statement. 68
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