Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2023 6 15 15 Major Major Major Utility Solid Waste Stormwater System System Utility LIABILITIES Current unrestricted liabilities: Accounts payable $ 4,249,175 40,539 $ 28,036 $ Internal balances - - - Wages and benefits payable 415,342 67,485 149,508 Contracts and retainages payable 6,359,216 5,830,133 1,140,873 Compensated absences 1,141,863 223,639 582,708 Lease liability 70,185 - - Subscription liability - - - Notes and loans payable 8,425,000 1,580,000 - Revenue bonds payable 4,740,000 - - Unearned revenue 4,195,069 - - Claims and judgments payable - - - Total current liabilities payable from unrestricted assets 29,595,850 7,741,796 1,901,125 Current liabilities payable from restricted assets: Accounts payable 703,810 - - Contracts and retainages payable 10,352,947 - 62,525 Customer deposits 3,684,380 864,483 - Landfill closure - 391,354 - Total current liabilities payable from restricted assets 14,741,137 1,255,837 62,525 Total current liabilities 44,336,987 8,997,633 1,963,650 Non-current liabilities: Notes and loans payable 19,990,000 30,395,000 - Revenue bonds payable (net) 416,487,756 - - Net pension liability 14,293,768 2,046,162 5,214,653 Compensated absences 85,947 16,833 43,860 Lease liability 23,442 - - Subscription liability - - - Claims and judgments payable - - - Landfill closure - 24,845,027 - Total non-current liabilities 450,880,913 57,303,022 5,258,513 Total liabilities 495,217,900 66,300,655 7,222,163 DEFERRED INFLOWS OF RESOURCES Deferred amounts on debt refundings 7,823 - - Deferred amounts for pensions 514,029 73,584 187,528 Deferred amounts for OPEB 250,660 36,098 88,388 Deferred amounts for leases 985,235 - - Total deferred inflows of resources 1,757,747 109,682 275,916 NET POSITION Net investment in capital assets 609,042,675 86,946,772 78,920,401 Restricted for capital projects 14,972,302 - 1,385,575 Restricted for renewal and replacement 2,000,000 500,000 - Restricted for other purposes 1,291,149 16,621 40,697 Unrestricted 183,954,634 92,755,853 25,487,723 Total net position $ 811,260,760 $ 180,219,246 $ 105,834,396 The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds 64
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