Sarasota County Comprehensive Annual Financial Report 2019

Honorable Board of County Commissioners Sarasota County, Florida 26 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, the aggregate remaining fund information of Sarasota County and the financial position of the Englewood Community Redevelopment Agency (a non-major special revenue fund) of Sarasota County as of September 30, 2019, and the respective changes in financial position and cash flows, where applicable, thereof, and the respective budgetary comparison for the general fund, the emergency services special revenue fund and the capital revenue programs special revenue fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that management’s discussion and analysis (MD&A) on pages 29-41, the schedules of the county’s proportionate share of the net pension liability and of county contributions on pages 148-159, and the schedules of other postemployment benefits total OPEB liability and related ratios for the retiree health plans on pages 144-147 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The introductory section on pages 11-21, the statistical section on pages 256-303, the combining and individual nonmajor fund financial statements on pages 166-247, and other supplemental information on pages 306-370 are presented for purposes of additional analysis and are not a required part of the basic financial statements. The schedule of expenditures of federal awards and state financial assistance, as required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.550, Local Governmental Entity Audits, Rules of the Auditor General of the State of Florida, is also presented for purposes of additional analysis and is not a required part of the basic financial statements.