Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 45,909,000 $ 45,909,000 $ 61,297,493 $ 15,388,493 Permits, fees and special assessments 34,238,000 34,238,000 41,327,126 7,089,126 Interest income 516,338 516,338 2,175,724 1,659,386 Net inc (dec) in fair value of investments - - 1,891,212 1,891,212 Contributions and donations - - 858,177 858,177 Total revenues 80,663,338 80,663,338 107,549,732 26,886,394 EXPENDITURES Current: General government 2,229,100 760,860 - 760,860 Public safety 6,909,064 11,186 - 11,186 Transportation 8,005,990 3,785,080 - 3,785,080 Culture and recreation 7,427,652 6,482,981 - 6,482,981 Total expenditures 24,571,806 11,040,107 - 11,040,107 Excess (deficiency) of revenues over (under) expenditures 56,091,532 69,623,231 107,549,732 37,926,501 OTHER FINANCING SOURCES (USES) Transfers out (60,752,164) (96,991,419) (95,651,419) 1,340,000 Total other financing sources and (uses) (60,752,164) (96,991,419) (95,651,419) 1,340,000 Net change in fund balances (4,660,632) (27,368,188) 11,898,313 39,266,501 Fund balances - beginning 91,810,157 91,810,157 91,810,157 - Fund balances - ending $ 87,149,525 $ 64,441,969 $ 103,708,470 $ 39,266,501 The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Capital Revenue Programs Special Revenue Fund For the Year Ended September 30, 2023 59
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