Sarasota County, Florida Notes to Financial Statements September 30, 2023 Z. GOVERNMENTAL FUND BALANCES At September 30, 2023, the County's governmental fund balances were classified as follows: Nonspendable: Endowments $ - $ - $ - $ - Inventories 8,073 - - 231,934 Total nonspendable 8,073 - - 231,934 Restricted: Debt service - - - - Capital projects - 80,134,839 - - Grants - - 8,412,456 - Enabling legislation - - - 16,229,902 Impact fees - - - 1,915,558 Other - - - - Total restricted - 80,134,839 8,412,456 18,145,460 Committed: Contingency/Emergency 64,731,014 - - - Capital projects - - - - Formal action - - - - Total committed 64,731,014 - - - Assigned: Compensated absences 5,362,161 - - - Subsequent year expenditures 22,894,037 - - - - - - Other 2,015,821 Total assigned 30,272,019 - - - Unassigned(1): 49,908,664 - (51,139,173) - Total fund balances $ 144,919,770 $ 80,134,839 $ (42,726,717) $ 18,377,394 49,874,923 $ 49,874,923 Major Funds General Fund Federal, State & Local Grants Infrastructure One Cent Sales Tax Capital Projects Note: (1) Included in Unassigned Fund Balance is Budget Stabilization and Economic Uncertainty Reserves in the following amounts: General Fund Emergency Services Special Revenue Fund 94
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