Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes 2,779,284 $ 2,779,284 $ 2,796,300 $ 17,016 $ Charges for services - - 40,419 40,419 Interest income 147,364 147,364 393,759 246,395 Net inc (dec) in fair value of investments - - 165,584 165,584 Contributions and donations 148,666 148,666 148,666 - Miscellaneous 121,867 121,867 165,194 43,327 Total revenues 3,197,181 3,197,181 3,709,922 512,741 EXPENDITURES Current: General government 180,000 180,000 170,931 9,069 Economic environment 6,591,115 7,234,013 3,243,379 3,990,634 Total expenditures 6,771,115 7,414,013 3,414,310 3,999,703 Excess (deficiency) of revenues over (under) expenditures (3,573,934) (4,216,832) 295,612 4,512,444 OTHER FINANCING SOURCES (USES) Transfers in 491,427 490,885 490,885 - Transfers out (1,306,132) (1,311,762) (1,115,121) 196,641 Total other financing sources and (uses) (814,705) (820,877) (624,236) 196,641 Net change in fund balances (4,388,639) (5,037,709) (328,624) 4,709,085 Fund balances - beginning 15,915,645 15,915,645 15,915,645 - Fund balances - ending 11,527,006 $ 10,877,936 $ 15,587,021 $ 4,709,085 $ Sarasota County, Florida Economic Development Special Revenue Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2019 195