Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes 22,500,000 $ 22,500,000 $ 23,463,535 $ 963,535 $ Interest income 397,700 397,700 810,796 413,096 Net inc (dec) in fair value of investments - - 335,267 335,267 Contributions and donations 275,000 150,000 150,000 - Total revenues 23,172,700 23,047,700 24,759,598 1,711,898 EXPENDITURES Current: Physical environment 250,000 250,000 118,928 131,072 Economic environment 9,183,826 9,183,826 7,320,366 1,863,460 Culture and recreation 20,440,993 20,240,882 14,482,741 5,758,141 Total expenditures 29,874,819 29,674,708 21,922,035 7,752,673 Excess (deficiency) of revenues over (under) expenditures (6,702,119) (6,627,008) 2,837,563 9,464,571 OTHER FINANCING SOURCES (USES) Transfers in 2,300,000 2,360,614 60,613 (2,300,001) Transfers out (5,973,003) (5,801,918) (3,501,918) 2,300,000 Total other financing sources and (uses) (3,673,003) (3,441,304) (3,441,305) (1) Net change in fund balances (10,375,122) (10,068,312) (603,742) 9,464,570 Fund balances - beginning 33,834,236 33,834,236 33,834,236 - Fund balances - ending 23,459,114 $ 23,765,924 $ 33,230,494 $ 9,464,570 $ For the Year Ended September 30, 2019 Sarasota County, Florida Tourist Development Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual 184