2023 Sarasota County Annual Comprehensive Financial Report

6 8 10 Governmental Business-type Activities Activities Total ASSETS Current: Cash and investments $ 856,108,981 $ 321,613,949 $ 1,177,722,930 Interest receivable 3,638,338 1,350,404 4,988,742 Accounts and lease receivables (net of allowance) 17,248,870 16,069,162 33,318,032 Prepaid items 2,552,266 - 2,552,266 Internal balances (159,235,735) 159,235,735 - Intergovernmental receivable 130,951,090 3,057,988 134,009,078 Loans and notes receivable 8,328,882 - 8,328,882 Inventories 5,838,214 222,279 6,060,493 Total current unrestricted assets 865,430,906 501,549,517 1,366,980,423 Current restricted assets: Accounts receivable 32,481 - 32,481 Customer deposits cash - 4,548,863 4,548,863 Landfill closure cash - 391,354 391,354 Construction trust cash - 11,049,595 11,049,595 Debt service cash - 48,152 48,152 Intergovernmental receivable - 21,534 21,534 Total current restricted assets 32,481 16,059,498 16,091,979 Total current assets 865,463,387 517,609,015 1,383,072,402 Non-current assets: Restricted assets Landfill closure cash - 32,291,215 32,291,215 Construction trust cash - 166,123,464 166,123,464 Debt service cash - 200,667 200,667 Renewal and replacement cash - 2,500,000 2,500,000 Capacity fee receivable - 1,687,074 1,687,074 Interest receivable - 663,936 663,936 Intergovernmental receivable - 6,183,519 6,183,519 Total non-current restricted assets - 209,649,875 209,649,875 Net OPEB asset 1,045,342 260,660 1,306,002 Nondepreciable capital assets 712,391,086 259,131,576 971,522,662 Depreciable capital and lease assets (net) 972,607,625 853,971,158 1,826,578,783 Total non-current assets 1,686,044,053 1,323,013,269 3,009,057,322 Total assets 2,551,507,440 1,840,622,284 4,392,129,724 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts on debt refundings 4,683,332 6,631,812 11,315,144 Deferred amounts for pensions 102,778,155 6,144,261 108,922,416 Deferred amounts for OPEB 8,250,495 1,005,379 9,255,874 Total deferred outflows of resources $ 115,711,982 $ 13,781,452 $ 129,493,434 The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Net Position September 30, 2023 44

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