6 8 10 Governmental Business-type Activities Activities Total Sarasota County, Florida Statement of Net Position September 30, 2023 LIABILITIES Current liabilities: Accounts payable 8,838,049 $ 4,497,260 $ $ 13,335,309 Wages and benefits payable 16,809,954 901,856 17,711,810 Contracts and retainages payable 33,627,725 15,936,031 49,563,756 Refunds payable 139,169 - 139,169 Intergovernmental payable 12,450,824 - 12,450,824 Compensated absences 27,134,392 2,518,087 29,652,479 Notes and loans payable 17,973,832 10,005,000 27,978,832 Commercial paper payable 3,390,000 - 3,390,000 Bonds payable 24,175,000 4,740,000 28,915,000 Total OPEB liability 272,824 - 272,824 Subscription liability 2,253,466 - 2,253,466 Lease liability 3,533,978 70,185 3,604,163 Unearned revenue 44,824,264 4,195,072 49,019,336 Claims and judgments payable 10,409,676 - 10,409,676 Total current liabilities payable from unrestricted assets 205,833,153 42,863,491 248,696,644 Current liabilities payable from restricted assets: Accounts payable - 703,810 703,810 Contracts and retainages payable - 10,415,472 10,415,472 Customer deposits 168,580 4,548,863 4,717,443 Landfill closure - 391,354 391,354 Total current liabilities payable from restricted assets 168,580 16,059,499 16,228,079 Total current liabilities 206,001,733 58,922,990 264,924,723 Noncurrent liabilities: Rebatable arbitrage 67,627 - 67,627 Notes and loans payable 40,447,790 50,385,000 90,832,790 Commercial paper payable 19,193,000 - 19,193,000 Bonds payable (net) 220,573,987 416,487,756 637,061,743 Subscription liability 6,753,757 - 6,753,757 Lease liability 6,046,844 23,442 6,070,286 Net pension liability 418,920,610 30,552,581 449,473,191 Total OPEB liability 12,029,392 - 12,029,392 Compensated absences 9,766,891 189,534 9,956,425 Claims and judgments 14,806,136 - 14,806,136 Landfill closure - 24,845,027 24,845,027 Total noncurrent liabilities 748,606,034 522,483,340 1,271,089,374 Total liabilities 954,607,767 581,406,330 1,536,014,097 DEFERRED INFLOWS OF RESOURCES Deferred taxes received in advance 3,004,248 - 3,004,248 Deferred amounts on debt refundings - 7,823 7,823 Deferred amounts for pensions 20,189,411 1,098,725 21,288,136 Deferred amounts for OPEB 4,329,607 566,118 4,895,725 Deferred amounts for leases 371,126 985,235 1,356,361 Deferred revenues 56,053,377 - 56,053,377 Total deferred inflows of resources 83,947,769 2,657,901 86,605,670 NET POSITION Net investment in capital assets 1,373,234,556 792,545,507 2,165,780,063 Restricted for capital projects 226,726,247 16,357,877 243,084,124 Restricted for enabling legislation 163,014,819 - 163,014,819 Restricted for grants 8,479,811 - 8,479,811 Restricted for debt service 3,090,477 - 3,090,477 Restricted for impact fee programs 84,968,880 84,968,880 Restricted for renewal and replacement - 2,500,000 2,500,000 Restricted for other purposes nonexpendable 1,504,356 - 1,504,356 Restricted for other purposes 5,506,105 1,436,397 6,942,502 Unrestricted (237,861,365) 457,499,724 219,638,359 Total net position $ 1,628,663,886 $ 1,270,339,505 $ 2,899,003,391 45
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