Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Year Ended September 30, 2019 Emergency Capital Revenue Services Programs General Special Special Fund Revenue Fund Revenue Fund REVENUES Taxes 172,595,805 $ 32,108,312 $ 41,686,338 $ Permits, fees and special assessments 19,285,420 40,169,404 31,833,908 Intergovernmental 48,352,167 2,254,295 - Charges for services 41,935,430 14,189,484 - Judgments, fines and forfeits 435,002 - - Interest income 3,138,973 1,004,609 1,735,471 Net inc (dec) in fair value of investments 992,644 361,912 810,861 Contributions and donations - 670 2,000,000 Miscellaneous 1,432,622 242,506 1,428,195 Total revenues 288,168,063 90,331,192 79,494,773 EXPENDITURES Current: General government 79,367,062 - - Public safety 128,603,354 93,638,500 - Physical environment 3,598,147 - - Transportation - - - Economic environment 873,826 - - Human services 9,247,992 - - Culture and recreation 31,340,314 - - Debt service: Principal 62,513 - - Interest and fiscal charges 27,571 - - Debt issuance costs - - - Total expenditures 253,120,779 93,638,500 - Excess (deficiency) of revenues over (under) expenditures 35,047,284 (3,307,308) 79,494,773 OTHER FINANCING SOURCES (USES) Transfers in 8,284,438 1,105,542 516,200 Transfers out (37,799,249) (4,775,401) (75,990,044) Bond issuance - - - Issuance of refunding bonds - - - Premium on bond issuance - - - Payment to refunded bond escrow agent - - - Commercial paper issuance - - - Total other financing sources (uses) (29,514,811) (3,669,859) (75,473,844) Net change in fund balances 5,532,473 (6,977,167) 4,020,929 Fund balances - beginning 93,183,125 34,606,968 72,119,326 Fund balances - ending 98,715,598 $ 27,629,801 $ 76,140,255 $ The notes to the financial statements are an integral part of this statement. 52