Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Intergovernmental 429,593 $ 359,986 $ 359,929 $ (57) $ Interest income - - 7,577 7,577 Net inc (dec) in fair value of investments - - 296 296 Total revenues 429,593 359,986 367,802 7,816 EXPENDITURES Debt service: Principal 475,000 - - - Interest and fiscal charges 1,116,423 559,662 559,661 1 Total expenditures 1,591,423 559,662 559,661 1 Excess (deficiency) of revenues over (under) expenditures (1,161,830) (199,676) (191,859) 7,817 OTHER FINANCING SOURCES (USES) Transfers in 1,161,830 719,677 719,677 - Transfers out - (248,010) (248,010) - Issuance of refunding bonds - 15,440,000 15,440,000 - Payment to refunded bond escrow agent - (17,602,743) (17,602,741) 2 Premium on bond issuance - 1,890,752 1,890,751 (1) Total other financing sources (uses) 1,161,830 199,676 199,677 1 Net change in fund balances - - 7,818 7,818 Fund balances - beginning 23,669 23,669 23,669 - Fund balances - ending 23,669 $ 23,669 $ 31,487 $ 7,818 $ Capital Improvement Series 2010 Fund Sarasota County, Florida Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual For the Year Ended September 30, 2019 212