Sarasota County Comprehensive Annual Financial Report 2019

Fleet Information Risk Medical Services Technology Management Benefits ASSETS Current assets: Cash and investments 23,319,805 $ 13,923,663 $ 5,105,233 $ 17,679,948 $ Interest receivable 48,669 33,597 12,582 46,823 Prepaid items - - 1,267,671 - Intergovernmental receivable 66,395 - - 29,243 Inventories 210,979 - - - Total current assets 23,645,848 13,957,260 6,385,486 17,756,014 Non-current assets: Restricted assets Intergovernmental receivable - - - - Total non-current restricted assets - - - - Net OPEB asset 36,902 75,346 6,135 8,169 Non-depreciable capital assets - 2,507,476 - - Depreciable capital assets (net) 30,691,190 13,727,091 615 18,989 Total non-current assets 30,728,092 16,309,913 6,750 27,158 Total assets 54,373,940 30,267,173 6,392,236 17,783,172 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts for pensions 577,901 1,955,511 129,618 184,741 Deferred amounts for OPEB 12,513 25,549 2,080 2,770 Total deferred outflows of resources 590,414 1,981,060 131,698 187,511 LIABILITIES Current liabilities: Accounts payable 14,263 109,176 53,454 11,886 Wages and benefits payable 107,059 348,129 24,312 31,573 Contracts and retainages payable 2,065,926 542,624 44,752 1,545,838 Compensated absences 159,721 506,422 26,499 34,236 Claims and judgments payable - - 1,093,429 5,326,661 Net pension liability 7,115 24,077 1,596 2,275 Total current liabilities 2,354,084 1,530,428 1,244,042 6,952,469 Non-current liabilities: Net pension liability 1,725,691 5,839,425 387,057 551,661 Compensated absences 12,022 38,118 1,995 2,577 Claims and judgments payable - - 1,807,457 - Total non-current liabilities 1,737,713 5,877,543 2,196,509 554,238 Total liabilities 4,091,797 7,407,971 3,440,551 7,506,707 DEFERRED INFLOWS OF RESOURCES Deferred amounts for pensions 147,100 497,759 32,993 47,024 Deferred amounts for OPEB 56,540 115,444 9,400 12,516 Total deferred inflows of resources 203,640 613,203 42,393 59,540 NET POSITION Net investment in capital assets 30,691,190 16,234,567 615 18,989 Unrestricted 19,977,727 7,992,492 3,040,375 10,385,447 Total net position 50,668,917 $ 24,227,059 $ 3,040,990 $ 10,404,436 $ Sarasota County, Florida Combining Statement of Net Position Internal Service Funds September 30, 2019 Board of County Commissioners 232