Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds For the Year Ended September 30, 2019 Limited Infrastructure Ad Valorem Tax Sales Surtax Bank Term Series 2005 Series 2008A Loans REVENUES Taxes 1,669,653 $ - $ 5,246,670 $ Intergovernmental - - - Interest income 31,909 - 227,134 Net inc (dec) in fair value of investments 19,245 2,118 115,285 Total revenues 1,720,807 2,118 5,589,089 EXPENDITURES Current: Debt service: Principal 1,545,000 - 11,544,000 Interest and fiscal charges 99,329 - 3,325,985 Debt issuance costs - - - Total expenditures 1,644,329 - 14,869,985 Excess (deficiency) of revenues over (under) expenditures 76,478 2,118 (9,280,896) OTHER FINANCING SOURCES (USES) Transfers in - - 9,744,686 Transfers out - (293,020) - Issuance of refunding bonds - - - Payment to refunded bond escrow agent - - - Premium on bond issuance - - - Total other financing sources (uses) - (293,020) 9,744,686 Net change in fund balances 76,478 (290,902) 463,790 Fund balances - beginning 158,031 290,902 1,092,569 Fund balances - ending 234,509 $ - $ 1,556,359 $ 204