Sarasota County Comprehensive Annual Financial Report 2019

Governmental Business-type Activities Activities Total ASSETS Current: Cash and investments 608,769,019 $ 253,964,080 $ 862,733,099 $ Interest receivable 1,414,890 726,358 2,141,248 Accounts receivable (net of allowance) 10,892,485 11,985,552 22,878,037 Prepaid items 1,269,068 - 1,269,068 Internal balances (121,351,012) 121,351,012 - Intergovernmental receivable 31,545,113 2,285,384 33,830,497 Loans and notes receivable 9,798,219 - 9,798,219 Other assets 1,780 - 1,780 Inventories 3,302,906 - 3,302,906 Total current unrestricted assets 545,642,468 390,312,386 935,954,854 Current restricted assets: Accounts receivable 25,880 17,260 43,140 Customer deposits cash - 2,860,537 2,860,537 Landfill closure cash - 357,410 357,410 Construction trust cash - 1,133,167 1,133,167 Debt service cash - 241,881 241,881 Total current restricted assets 25,880 4,610,255 4,636,135 Total current assets 545,668,348 394,922,641 940,590,989 Non-current assets: Restricted assets Landfill closure cash - 27,381,987 27,381,987 Construction trust cash - 44,391,901 44,391,901 Debt service cash - 1,851,170 1,851,170 Renewal and replacement cash - 2,500,000 2,500,000 Capacity fee receivable - 3,084,785 3,084,785 Interest receivable - 108,292 108,292 Intergovernmental receivable 79,291 885,226 964,517 Total non-current restricted assets 79,291 80,203,361 80,282,652 Net OPEB asset 2,365,975 541,110 2,907,085 Nondepreciable capital assets 572,834,308 91,562,038 664,396,346 Depreciable capital assets (net) 883,762,121 819,612,029 1,703,374,150 Total non-current assets 1,459,041,695 991,918,538 2,450,960,233 Total assets 2,004,710,043 1,386,841,179 3,391,551,222 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts on debt refundings 10,753,246 6,336,444 17,089,690 Deferred amounts for pensions 121,889,512 7,692,739 129,582,251 Deferred amounts for OPEB 3,381,852 183,487 3,565,339 Total deferred outflows of resources 136,024,610 $ 14,212,670 $ 150,237,280 $ The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Net Position September 30, 2019 44