Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 4,087,138 $ 4,087,138 $ 4,134,667 47,529 $ Charges for services 75,900 44,688 9,306 (35,382) Interest income 50,163 50,163 272,134 221,971 Net inc (dec) in fair value of investments - - 173,062 173,062 Contributions and donations 164,380 164,380 164,380 - Miscellaneous 79,590 100,951 526,628 425,677 Total revenues 4,457,171 4,447,320 5,280,177 832,857 EXPENDITURES Current: Economic environment 6,716,331 6,781,951 1,751,957 5,029,994 Debt service Principal - - 16,603 (16,603) Interest - - 268 (268) Total expenditures 6,716,331 6,781,951 1,768,828 5,013,123 Excess (deficiency) of revenues over (under) expenditures (2,259,160) (2,334,631) 3,511,349 5,845,980 OTHER FINANCING SOURCES (USES) Transfers in 402,128 402,128 402,128 - Transfers out (1,449,000) (1,601,478) (1,601,478) - Total other financing sources and (uses) (1,046,872) (1,199,350) (1,199,350) - Net change in fund balances (3,306,032) (3,533,981) 2,311,999 5,845,980 Fund balances - beginning 7,705,277 7,705,277 7,705,277 - Fund balances - ending $ 4,399,245 $ 4,171,296 $ 10,017,276 $ 5,845,980 Sarasota County, Florida Economic Development Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2023 212
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