2023 Sarasota County Annual Comprehensive Financial Report

Fleet Information Risk Services Technology Management Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ 5,020,984 $ (3,669,755) $ (2,959,412) Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Depreciation and amortization expense 13,292,253 4,403,871 - (Increase) decrease in accounts receivable - - 44,278 (Increase) decrease in intergovernmental receivable (61,266) - - (Increase) decrease in inventories (228,755) - - (Increase) decrease in prepaid items - - (837,206) (Increase) decrease in OPEB assets held in trust 36,060 69,549 6,828 (Increase) decrease in deferred outflows for pensions (90,291) (188,705) 4,966 (Increase) decrease in deferred outflows for OPEB (32,993) (78,554) (5,456) Increase (decrease) in vouchers payable 2,305 (28,835) 108,635 Increase (decrease) in wages and benefits payable 34,764 102,546 8,033 Increase (decrease) in contracts and retainage payable (259,689) - 8,505 Increase (decrease) in interfund payable - - - Increase (decrease) in net pension liability 959,032 2,895,361 128,025 Increase (decrease) in compensated absences 42,536 65,953 (21,576) Increase (decrease) in claims payable - - (3,222,416) Increase (decrease) in intergovernmental payable - - - Increase (decrease) in deferred inflows for pensions 8,539 4,556 (3,166) Increase (decrease) in deferred inflows for OPEB (6,420) (6,149) (1,546) Total adjustments 13,696,075 7,239,593 (3,782,096) Net cash provided by (used for) operating activities $ 18,717,059 $ 3,569,838 $ (6,741,508) Transfers of capital assets to other funds 358 $ - $ - $ Change in fair value of investments (1,807,920) (766,160) (398,825) Payables related to capital asset acquisition - 1,314,463 - Non-cash investing, capital and financing activities: For the Year Ended September 30, 2023 Sarasota County, Florida Combining Statement of Cash Flows-Continued Board of County Commissioners Internal Service Funds 256

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