Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 31,920,000 $ 31,920,000 $ 50,014,010 $ 18,094,010 Intergovernmental - - 88,977 88,977 Interest income 172,600 172,600 2,039,473 1,866,873 Net inc (dec) in fair value of investments - - 78,074 78,074 Contributions and donations 300,000 300,000 300,000 - Miscellaneous - - 3 3 Total revenues 32,392,600 32,392,600 52,520,537 20,127,937 EXPENDITURES Current: Physical environment 275,000 275,000 147,930 127,070 Economic environment 7,786,453 7,786,453 5,681,084 2,105,369 Culture and recreation 25,701,263 25,603,770 10,497,336 15,106,434 Total expenditures 33,762,716 33,665,223 16,326,350 17,338,873 Excess (deficiency) of revenues over (under) expenditures (1,370,116) (1,272,623) 36,194,187 37,466,810 OTHER FINANCING SOURCES (USES) Transfers in 26,309 65,643 65,643 - Transfers out (3,504,224) (5,279,285) (5,279,285) - Total other financing sources and (uses) (3,477,915) (5,213,642) (5,213,642) - Net change in fund balances (4,848,031) (6,486,265) 30,980,545 37,466,810 Fund balances - beginning 64,798,851 64,798,851 64,798,851 - Fund balances - ending $ 59,950,820 $ 58,312,586 $ 95,779,396 $ 37,466,810 For the Year Ended September 30, 2023 Sarasota County, Florida Tourist Development Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 202
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