Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Changes in Net Position (in thousands) Governmental Business-type Activities Activities Total 2019 2018 2019 2018 2019 2018 REVENUES Program revenues: Charges for services 109,207 $ 107,337 $ 175,363 $ 172,627 $ 284,570 $ 279,964 $ Operating grants and contributions 21,718 20,111 6,489 5,879 28,207 25,990 Capital grants and contributions 38,532 34,307 27,342 30,861 65,874 65,168 General revenues: Ad valorem taxes 225,165 210,388 - - 225,165 210,388 Local government sales tax 75,512 76,351 - - 75,512 76,351 Other taxes 64,003 63,403 - - 64,003 63,403 State revenue sharing 14,271 13,492 - - 14,271 13,492 Investment earnings 20,607 5,617 11,325 2,749 31,932 8,366 Miscellaneous 5,838 7,203 1,604 1,796 7,442 8,999 Total revenues 574,853 538,209 222,123 213,912 796,976 752,121 EXPENSES General government 103,309 103,715 - - 103,309 103,715 Public safety 274,966 237,976 - - 274,966 237,976 Physical environment 9,982 10,480 - - 9,982 10,480 Transportation 60,892 58,922 - - 60,892 58,922 Economic environment 12,591 12,849 - - 12,591 12,849 Human services 22,071 21,313 - - 22,071 21,313 Culture and recreation 59,908 72,511 - - 59,908 72,511 Interest on long-term debt 13,080 13,487 - - 13,080 13,487 Utility system - - 108,945 103,069 108,945 103,069 Solid waste system - - 47,017 37,541 47,017 37,541 Stormwater utility - - 20,969 21,022 20,969 21,022 Transportation authority - - 30,622 29,589 30,622 29,589 Total expenses 556,799 531,253 207,553 191,221 764,352 722,474 Increase (decrease) in net position 18,054 6,956 14,570 22,691 32,624 29,647 before transfers Transfers (20,546) (17,535) 20,546 17,535 - - Increase (decrease) in net position (2,492) (10,579) 35,116 40,226 32,624 29,647 Net position-beginning, 1,242,569 1,253,148 1,023,822 983,596 2,266,391 2,236,744 Net position-ending 1,240,077 $ 1,242,569 $ 1,058,938 $ 1,023,822 $ 2,299,015 $ 2,266,391 $ 33