Sarasota County, Florida Notes to Financial Statements September 30, 2023 NOTE 5. INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS The following is a schedule of interfund receivables and payables as of September 30, 2023: A. DUE TO/FROM OTHER FUNDS: The amounts above are expected to be repaid within one year and resulted from amounts borrowed to cover cash deficits at year-end. Additionally, Internal Service Fund inventory was purchased and is expected to be billed within one year. B. INTERFUND TRANSFERS Due to General Fund from 2 Federal, State and Local Grants Fund $ 79,923,538 Nonmajor Governmental Funds 8,166,369 Internal Service Funds 30,569 Total due to General Fund $ 88,120,476 Due to Utility System from 7 Internal Service Funds $ 1,775,361 Total due to Utility System $ 1,775,361 Total Interfund Payable $ 89,895,837 Transfers to General Fund from: Emergency Services Special Revenue $ 1,064,434 Federal, State and Local Grants Fund 257,371 Nonmajor Governmental Funds 1,387,802 Utility System 2,254,728 Solid Waste System 375,492 Stormwater Utility 298,845 Internal Service Funds 35,671 Total transfers to General Fund $ 5,674,343 Transfers to Emergency Services Special Revenue from Nonmajor Governmental Funds 67,972 $ Utility System 466,454 Solid Waste System 58,535 Stormwater Utility 57,536 Total transfers to Emergency Services Special Revenue 650,497 $ Transfers to Infrastructure One Cent Sales Tax Capital Projects from Capital Revenue Programs Special Revenue $ 30,890,155 Total transfers to Infrastructure One Cent Sales Tax Capital Projects $ 30,890,155 105
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