Sarasota County Comprehensive Annual Financial Report 2019

2015 2016 2017 2018 2019 REVENUES Taxes 130,710,958 $ $140,769,623 $151,194,205 $162,870,979 $172,595,805 Permits, fees and special assessments 18,283,723 17,844,542 18,201,595 18,691,891 19,285,420 Intergovernmental 40,602,117 42,578,345 43,693,742 46,465,445 48,352,167 Charges for services 38,914,531 40,751,909 37,352,910 39,461,619 41,935,430 Judgments, fines and forfeits 550,776 543,865 467,634 449,034 435,002 Interest income 1,740,093 1,722,915 1,760,125 2,149,498 3,138,974 Net increase (decrease) in fair value of investments 201,382 (310,751) (473,501) (753,007) 992,644 Contributions and donations - 2,394 844 - - Miscellaneous 12,524,976 2,028,999 1,388,574 2,502,059 1,432,622 Total revenues 243,528,556 245,931,841 253,586,128 271,837,518 288,168,064 EXPENDITURES Current: General government 74,074,716 80,239,008 73,185,884 76,536,711 79,367,062 Public safety 106,268,256 112,474,898 119,215,756 121,292,782 128,603,354 Physical environment 2,828,916 3,222,397 3,318,144 3,552,216 3,598,147 Economic environment 1,078,907 1,006,961 1,239,083 1,142,449 873,826 Human services 10,317,711 8,563,297 9,635,038 8,973,947 9,247,992 Culture and recreation 26,847,643 28,485,934 29,352,134 31,324,763 31,340,314 Debt Service: Principal 45,005 49,010 53,255 57,751 62,513 Interest and fiscal charges 38,219 35,877 33,330 30,566 27,571 Total Expenditures 221,499,373 234,077,382 236,032,624 242,911,185 253,120,779 Excess (deficiency) of revenues over (under) expenditures 22,029,183 11,854,459 17,553,504 28,926,333 35,047,285 OTHER FINANCING SOURCES (USES) Transfers in 13,841,813 10,264,576 11,438,749 7,632,748 8,284,438 Transfers out (36,012,502) (35,485,874) (35,134,279) (32,338,784) (37,799,250) Total other financing sources (uses) (22,170,689) (25,221,298) (23,695,530) (24,706,036) (29,514,812) Net change in fund balance (141,506) (13,366,839) (6,142,026) 4,220,297 5,532,473 Fund balances - beginning 108,613,199 108,471,693 95,104,854 88,962,828 93,183,125 Fund balances-ending 108,471,693 $ 95,104,854 $ 88,962,828 $ 93,183,125 $ 98,715,598 $ Source: Prepared by the County from audited financial statements (on a modified accrual basis) Year Ending September 30, Sarasota County, Florida Summary Schedule of Revenues, Expenditures and Changes in Fund Balances - General Fund Last Five Fiscal Years 306