2 2 Sarasota County, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2021 Business-type Activities Enterprise Funds Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services $ 129,983,164 $ 55,785,669 Cash received for other revenues 1,240,534 357,779 Cash received for outside services - - Cash payments for goods and services (64,745,158) (41,739,497) Cash payments to employees (16,783,183) (2,405,583) Cash received (payments) for customer deposits 725,609 18,655 Net cash provided by (used for) operating activities 50,420,966 12,017,023 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received - 15,000 Cash transfers from other funds 29,211 - Cash transfers to other funds (2,821,328) (499,532) Interfund payable - - Interfund receivable - 843,297 Net cash provided by (used for) noncapital financing activities (2,792,117) 358,765 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Note issuance 36,740,000 31,900,000 Proceeds from bond issuance 125,982,169 - Proceeds from sale of capital assets - - Capital contributed by developers and other funds 20,796,775 - Capital grants - - Acquisition and construction of capital assets (44,006,455) (1,868,805) Payments for debt issuance costs (715,857) (75,160) Principal repayments-revenue bonds (42,795,000) - Principal repayments-commercial paper (9,000,000) - Principal repayments-notes (49,095,926) (2,735,000) Interest paid (13,862,330) (359,031) Net cash provided by (used for) capital and related financing activities 24,043,376 26,862,004 CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings received 577,206 186,223 Net increase (decrease) in cash 72,249,431 39,424,015 Cash and investments, October 1, 2020 (including $58,653,345 in restricted assets) 199,671,468 95,813,526 Cash and investments, September 30, 2021 (including $151,175,880 in restricted assets) $ 271,920,899 $ 135,237,541 The notes to the financial statements are an integral part of this statement. 72
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