Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes 5,159,734 $ 5,159,734 $ 5,246,670 $ 86,936 $ Interest income - - 227,134 227,134 Net inc (dec) in fair value of investments - - 115,285 115,285 Total revenues 5,159,734 5,159,734 5,589,089 429,355 EXPENDITURES Debt service: Principal 11,544,000 11,544,000 11,544,000 - Interest and fiscal charges 3,637,230 3,640,280 3,325,985 314,295 Total expenditures 15,181,230 15,184,280 14,869,985 314,295 Excess (deficiency) of revenues over (under) expenditures (10,021,496) (10,024,546) (9,280,896) 743,650 OTHER FINANCING SOURCES (USES) Transfers in 10,021,496 10,024,546 9,744,686 (279,860) Total other financing sources (uses) 10,021,496 10,024,546 9,744,686 (279,860) Net change in fund balances - - 463,790 463,790 Fund balances - beginning 1,092,569 1,092,569 1,092,569 - Fund balances - ending 1,092,569 $ 1,092,569 $ 1,556,359 $ 463,790 $ Sarasota County, Florida Bank Term Loans Debt Service Fund Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2019 210