Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 7,176,405 $ 7,176,405 $ 7,299,169 $ 122,764 Interest income 20,000 20,000 330,761 310,761 Total revenues 7,196,405 7,196,405 7,629,930 433,525 EXPENDITURES Debt service: Principal 17,506,000 17,506,000 17,506,000 - Interest and fiscal charges 2,119,500 2,119,500 2,007,336 112,164 Total expenditures 19,625,500 19,625,500 19,513,336 112,164 Excess (deficiency) of revenues over (under) expenditures (12,429,095) (12,429,095) (11,883,406) 545,689 OTHER FINANCING SOURCES (USES) Transfers in 11,830,395 11,830,395 11,830,395 - Total other financing sources (uses) 11,830,395 11,830,395 11,830,395 - Net change in fund balances (598,700) (598,700) (53,011) 545,689 Fund balances - beginning 1,982,397 1,982,397 1,982,397 - Fund balances - ending $ 1,383,697 $ 1,383,697 $ 1,929,386 $ 545,689 Sarasota County, Florida Bank Term Loans Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2023 226
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