2023 Sarasota County Annual Comprehensive Financial Report

SARASOTA COUNTY, FLORIDA ANNUAL COMPREHENSIVE FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2023 TABLE OF CONTENTS Debt Service Funds: Subcombining Balance Sheet – Nonmajor Debt Service Funds .............................................................. 218 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Debt Service Funds............................................................................................ 222 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Nonmajor Debt Service Funds: Bank Term Loans Debt Service Fund ................................................................................................ 226 Commercial Paper Debt Service Fund ............................................................................................... 227 Second Guaranteed Entitlement Series 2013 Fund........................................................................... 228 Infrastructure Sales Surtax Series 2014A, Series 2015, and Series 2018 Fund ............................... 229 Capital Improvement Series 2017 Fund ............................................................................................. 230 Capital Improvement Series 2018A Fund .......................................................................................... 231 Capital Improvement Series 2018B Fund .......................................................................................... 232 General Obligation Series 2019, and Series 2020 Fund.................................................................... 233 Capital Improvement Series 2019A Fund .......................................................................................... 234 Capital Improvement Series 2019B Fund .......................................................................................... 235 Capital Improvement Series 2019C Fund .......................................................................................... 236 Capital Improvement Series 2020 Fund ............................................................................................. 237 Public Improvement Series 2021A Fund ............................................................................................ 238 Public Improvement Series 2021B Fund ............................................................................................ 239 Capital Improvement Series 2023A Fund .......................................................................................... 241 Capital Projects Funds: Subcombining Balance Sheet – Nonmajor Capital Projects Funds.......................................................... 242 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Capital Projects Funds ....................................................................................... 244 Permanent Fund: Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Library Endowments ......................................................................................................... 247 Internal Service Funds: Combining Statement of Net Position – Internal Service Funds............................................................................ 250 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds ............................................................................................................. 252 Combining Statement of Cash Flows – Internal Service Funds ............................................................................ 254 Fiduciary Funds: Combining Statement of Fiduciary Net Position – Custodial Funds ...................................................................... 260 Combining Statement of Changes in Fiduciary Net Position – Custodial Funds................................................... 262 STATISTICAL SECTION: Financial Trends: Net Position by Component .......................................................................................................................................... 268 Changes in Net Position ............................................................................................................................................... 270 Fund Balances, Governmental Funds .......................................................................................................................... 274 Changes in Fund Balances, Governmental Funds....................................................................................................... 276 Revenue Capacity: Assessed Value and Estimated Actual Value of Taxable Property.............................................................................. 279 Direct and Overlapping Property Tax Rates................................................................................................................. 280 Principal Property Taxpayers ....................................................................................................................................... 282 5

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