Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Intergovernmental 358,603 $ 247,469 $ 246,122 $ (1,347) $ Interest income - - 6,113 6,113 Net inc (dec) in fair value of investments - - 291 291 Total revenues 358,603 247,469 252,526 5,057 EXPENDITURES Debt service: Principal 450,000 - - - Interest and fiscal charges 1,102,831 552,141 552,140 1 Total expenditures 1,552,831 552,141 552,140 1 Excess (deficiency) of revenues over (under) expenditures (1,194,228) (304,672) (299,614) 5,058 OTHER FINANCING SOURCES (USES) Transfers in 1,194,228 784,672 784,672 - Transfers out - (132,217) (132,217) - Issuance of refunding bonds - 14,160,000 14,160,000 - Payment to refunded bond escrow agent - (17,051,633) (17,051,633) - Premium on bond issuance - 2,543,850 2,543,850 - Total other financing sources (uses) 1,194,228 304,672 304,672 - Net change in fund balances - - 5,058 5,058 Fund balances - beginning 23,310 23,310 23,310 - Fund balances - ending 23,310 $ 23,310 $ 28,368 $ 5,058 $ Communications Services Tax 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 213