2 2 Major Major Utility Solid Waste System System Operating income (loss) $ 17,166,428 $ 54,391,095 Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation and amortization expense 33,124,433 4,841,626 Interest expense on customer deposits (171,729) - (Increase) decrease in accounts receivable (217,845) (182,541) (Increase) decrease in lease receivable (684,374) - (Increase) decrease in intergovernmental receivable (9,925) (406,166) (Increase) decrease in inventories - 84,188 (Increase) decrease in prepaid items - - (Increase) decrease in OPEB assets held in trust 225,284 35,628 (Increase) decrease in deferred outflows for pensions (327,352) (14,769) (Increase) decrease in deferred outflows for OPEB (210,315) (28,093) Increase (decrease) in vouchers payable 1,649,188 (5,838) Increase (decrease) in wages and benefits payable 194,101 44,274 Increase (decrease) in contracts and retainage payable 779,696 19,625 Increase (decrease) in interfund payable - - Increase (decrease) in net pension liability 4,900,380 583,147 Increase (decrease) in compensated absences (20,345) 33,759 Increase (decrease) in claims and judgements payable - - Increase (decrease) in customer deposits payable 66,245 141,336 Increase (decrease) in landfill closure liability - (46,365,779) Increase (decrease) in deferred inflows for pensions 9,727 (4,960) Increase (decrease) in deferred inflows for OPEB (38,359) (8,225) Total adjustments 39,268,810 (41,232,788) Net cash provided by (used for) operating activities $ 56,435,238 $ 13,158,307 Non-cash investing, capital and financing activities: Contributed capital assets $ 17,397,996 - $ Change in fair value of investments (10,786,688) (6,088,729) Payables related to capital asset acquisition 11,033,796 204,671 Receivables related to capital asset acquisition 4,372,705 - The notes to the financial statements are an integral part of this statement. provided (used) by operating activities: Business-type Activities Enterprise Funds Reconciliation of operating income (loss) to net cash Proprietary Funds For the Year Ended September 30, 2023 Sarasota County, Florida Statement of Cash Flows-Continued 74
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