SARASOTA COUNTY, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2023 TABLE OF CONTENTS INTRODUCTORY SECTION: Page Letter of Transmittal .............................................................................................................................................................. 11 Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year 2022 ....................................................... 19 Sarasota County Government Organizational Chart ............................................................................................................ 21 FINANCIAL SECTION: Independent Auditor's Report............................................................................................................................................. 25 Managements Discussion and Analysis............................................................................................................................... 29 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ........................................................................................................................................ 44 Statement of Activities.............................................................................................................................................. 46 Fund Financial Statements: Governmental Funds: Balance Sheet Governmental Funds ............................................................................................................. 48 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position .................................................................................................................... 51 Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds.......................................................................................................... 52 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities............................................................................................. 55 Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - General Fund ............................................................................................................................................... 56 Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - Emergency Services Special Revenue Fund............................................................................................... 58 Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - Capital Revenue Programs Special Revenue Fund .................................................................................... 59 Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual - Federal, State & Local Grants Special Revenue Fund ................................................................................ 61 Proprietary Funds: Statement of Net Position Proprietary Funds ................................................................................................. 62 Reconciliation of the Proprietary Funds Statement of Net Position to the Statement of Net Position .................................................................................................................... 67 Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds ......................... 68 Reconciliation of the Proprietary Funds Statement of Revenues, Expenses, and Changes in Fund Net Position to the Statement of Activities ...................................................................................................... 71 Statement of Cash Flows Proprietary Funds.................................................................................................. 72 Fiduciary Funds: Statement of Fiduciary Net Position Fiduciary Funds .................................................................................... 76 Statement of Changes in Fiduciary Net Position Fiduciary Funds ................................................................. 77 Notes to the Financial Statements: 1) Summary of Significant Accounting Policies ..................................................................................................... 79 2) Stewardship, Compliance, and Accountability .................................................................................................. 96 3) Cash, Investments and Securities Lending ....................................................................................................... 97 4) Receivables ..................................................................................................................................................... 104 5) Interfund Receivables, Payables, and Transfers............................................................................................. 105 6) Capital Assets.................................................................................................................................................. 107 3
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