Sarasota County Comprehensive Annual Financial Report 2019

2010 2011 2012 2013 REVENUES Taxes 234,432,405 $ 221,587,891 $ 214,519,790 $ 216,189,183 $ Permits, fees and special assessments 63,259,021 62,746,864 62,929,775 66,328,862 Intergovernmental 68,156,065 66,086,895 70,251,481 69,237,766 Charges for services 50,320,358 57,703,947 57,259,956 60,879,094 Judgments, fines and forfeits 2,072,477 2,262,668 1,826,808 2,500,102 Interest income 19,567,152 14,658,363 12,150,976 9,282,797 Net inc (dec) in fair value of investments 3,668,816 3,345,348 4,343,964 (10,881,268) Securities lending income 180,271 5,760 23,538 - Contributions and donations 1,846,990 16,572,022 3,193,385 1,054,013 Miscellaneous 8,915,426 5,696,847 6,276,760 31,164,152 Total revenues 452,418,981 450,666,605 432,776,433 445,754,701 EXPENDITURES Current: General government 88,330,915 90,024,761 80,862,850 90,061,486 Public safety 187,334,666 178,355,353 179,070,015 185,522,848 Physical environment 28,736,882 16,879,343 11,175,833 12,393,966 Transportation 62,561,418 60,108,205 48,807,907 47,420,611 Economic environment 20,278,069 15,143,168 13,452,967 10,628,552 Human services 20,945,240 21,237,992 19,629,408 21,193,029 Culture and recreation 50,229,532 65,082,320 53,738,907 52,937,656 Securities lending 161,129 22,870 (4,810) - Intergovernmental 141,265 223,134 141,778 375,836 Debt Service: Principal 23,737,497 42,646,136 20,771,302 20,612,662 Debt issuance costs - 500,574 76,076 - Interest and fiscal charges 15,337,366 16,195,246 15,234,980 14,538,314 Current refunding bond issuance to escrow - - 10,642,280 - Refunding other sources to escrow - - 849,584 - Arbitrage - 41,718 - - Total expenditures 497,793,979 506,460,820 454,449,077 455,684,960 Excess (deficiency) of revenues over (under) expenditures (45,374,998) (55,794,215) (21,672,644) (9,930,259) Transfers in 80,104,529 117,810,073 88,411,344 87,486,287 Transfers out (92,357,719) (128,796,773) (94,498,871) (107,041,410) Discount of bond issuance - - - - Premium on bond issuance - - - - Commercial paper issuance - 1,600,000 5,575,000 - Debt issuance - 38,410,000 - - Note issuance 5,389,000 15,360,000 10,302,000 - Premium on bond issuance - - - - Revenue bond issuance - - - - Advance refunding bond proceeds to escrow - (28,911,231) - - Total other financing sources (uses) (6,864,190) 15,472,069 9,789,473 (19,555,123) Net change in fund balances (52,239,188) $ (40,322,146) $ (11,883,171) $ (29,485,382) $ Debt service as a percentage of noncapital expenditures 10.1% 14.4% 9.2% 9.0% Fiscal Year Sarasota County, Florida Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years 264