2 2 Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services $ 152,506,512 $ 66,897,262 Cash received for other revenues 953,179 315,147 Cash received for outside services - - Cash payments for goods and services (78,726,514) (51,601,993) Cash payments to employees (18,364,184) (2,593,445) Cash received for customer deposits 66,245 141,336 Net cash provided by (used for) operating activities 56,435,238 13,158,307 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received 70,975 142,390 Cash transfers from other funds 13,000 - Cash transfers to other funds (7,685,179) (473,018) Interfund payable - - Net cash provided by (used for) noncapital financing activities (7,601,204) (330,628) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from bond issuance 43,501,936 - Proceeds from sale of capital assets - - Capital contributed by developers and other funds 19,511,353 - Capital grants 4,965,238 - Acquisition and construction of capital assets (113,370,237) (5,818,747) Payments for debt issuance costs (294,772) - Principal repayments-revenue bonds (4,695,000) - Principal repayments-notes (8,280,000) (2,950,000) Interest paid (17,024,505) (761,013) Net cash provided by (used for) capital and related financing activities (75,685,987) (9,529,760) CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings 11,113,882 4,438,739 Net increase (decrease) in cash (15,738,071) 7,736,658 Cash and investments, October 1, 2022 (including $243,072,158 in restricted assets) 389,838,745 118,387,111 Cash and investments, September 30, 2023 (including $217,153,310 in restricted assets) $ 374,100,674 $ 126,123,769 The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds Proprietary Funds For the Year Ended September 30, 2023 Sarasota County, Florida Statement of Cash Flows 72
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