Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Notes to Financial Statements September 30, 2019 B. CONSTRUCTION IN PROGRESS Construction in progress for business-type activities represented the following: The Utility System's construction in progress at year end consisted of $23,622,872 in the engineering and construction costs associated with various water and wastewater projects. The funding for these improvements includes capacity fees (formerly called impact fees), user rates, state revolving fund (SRF) loans and bond proceeds. Construction in progress for the Solid Waste System at year-end of $1,379,217 included costs associated with design/engineering and construction costs for various Central County Solid Waste Disposal Complex projects. The funding for these improvements includes tipping fees and interest earnings. Construction in progress for the Stormwater Utility at year end consisted of $1,236,614 in design and construction of Stormwater management improvements in various basins throughout the County. The County has issued commercial paper, capital assessments and bonds to finance these improvements. Balance 9/30/2018 Additions Deletions Balance 9/30/2019 Less accumulated depreciation or amortization for: Buildings and building improvements Utility System $ 77,065,481 $ 1,911,773 $ - $ 78,977,254 Solid Waste System 4,213,804 63,027 - 4,276,831 Stormw ater Utility 378,978 29,226 - 408,204 Transportation Authority 4,427,935 322,649 - 4,750,584 Total 86,086,198 2,326,675 - 88,412,873 Equipment Utility System 43,115,552 1,147,894 48,633 44,214,813 Solid Waste System 437,401 30,313 27,615 440,099 Stormw ater Utility 435,426 49,114 29,244 455,296 Transportation Authority 16,193,910 4,240,021 3,859,082 16,574,849 Total 60,182,289 5,467,342 3,964,574 61,685,057 Infrastructure Utility System 307,072,366 24,374,963 - 331,447,329 Solid Waste System 36,028,601 2,935,478 - 38,964,079 Stormw ater Utility 62,461,930 6,343,279 - 68,805,209 Transportation Authority 2,921,934 502,013 - 3,423,947 Total 408,484,831 34,155,733 - 442,640,564 Software Transportation Authority 1,964,685 - - 1,964,685 Total 1,964,685 - - 1,964,685 Water, Timber Rights Utility System 26,052,735 974,624 - 27,027,359 Total 26,052,735 974,624 - 27,027,359 Total accumulated depreciation or amortization 582,770,738 42,924,374 3,964,574 621,730,538 Total capital assets being depreciated or amortized, net 837,206,391 (17,594,363) - 819,612,028 Business-type activities capital assets, net $ 919,649,231 $ 5,560,118 $ 14,035,283 $ 911,174,066 106