2023 Sarasota County Annual Comprehensive Financial Report

2014 2015 2016 2017 REVENUES Taxes $ 230,609,126 $ 243,077,886 $ 258,588,816 $ 275,621,481 Permits, fees and special assessments 78,015,346 73,342,974 76,843,787 83,388,501 Intergovernmental 62,187,707 64,809,643 62,095,742 59,655,830 Charges for services 65,002,178 66,786,279 68,226,790 67,209,761 Judgments, fines and forfeits 4,291,027 3,706,106 3,350,555 3,451,538 Interest income 8,281,596 7,848,734 7,287,393 7,456,670 Net inc (dec) in fair value of investments 522,151 1,086,138 (1,383,464) (2,638,320) Contributions and donations 727,620 197,768 366,205 649,869 Miscellaneous 10,038,884 21,189,028 7,365,613 3,815,647 Total revenues 459,675,635 482,044,556 482,741,437 498,610,977 EXPENDITURES Current: General government 93,759,812 94,651,955 98,744,834 109,199,961 Public safety 202,052,344 221,076,958 224,141,238 220,038,052 Physical environment 11,542,743 8,577,679 32,087,938 10,012,101 Transportation 52,257,542 62,412,411 54,830,227 41,700,592 Economic environment 12,744,872 10,279,172 11,045,989 11,540,502 Human services 21,306,661 22,199,112 20,529,021 21,697,820 Culture and recreation 68,045,910 57,512,761 51,408,671 58,052,096 Intergovernmental 15,635 - - - Debt Service: Principal 20,063,226 25,169,005 29,048,010 26,627,255 Debt issuance costs 381,522 846,813 - - Interest and fiscal charges 14,736,925 11,495,843 12,232,698 11,893,248 Refunding other sources to escrow 350,749 1,020,650 - - Total expenditures 497,257,941 515,242,359 534,068,626 510,761,627 Excess (deficiency) of revenues over (under) expenditures (37,582,306) (33,197,803) (51,327,189) (12,150,650) Transfers in 84,699,254 98,231,003 96,527,828 107,636,273 Transfers out (95,141,379) (113,025,375) (111,811,280) (121,355,417) Discount of bond issuance (130,606) - - - Commercial paper issuance 8,225,000 6,066,000 23,047,000 33,339,000 Debt issuance 17,245,000 70,845,000 - - Note issuance 49,532,000 100,125,000 - - Issuance of refunding bond - - - - Premium on bond issuance - 13,262,470 - - Revenue bond issuance - - - - General Obligation bond issuance - - - - Payment to refunded bond escrow agent (26,843,145) (165,438,141) - - Lease proceeds - - - - Total other financing sources (uses) 37,586,124 10,065,957 7,763,548 19,619,856 SPECIAL ITEMS Business Loan Repayment - - - - Business Loan Issued - - - - Net change in fund balances 3,818 $ $ (23,131,846) $ (43,563,641) $ 7,469,206 Debt service as a percentage of noncapital expenditures 8.5% 8.8% 9.5% 8.8% Sarasota County, Florida Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years Fiscal Year 276

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