Sarasota County Comprehensive Annual Financial Report 2019

Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes 36,576,215 $ 36,576,215 $ 41,686,338 $ 5,110,123 $ Permits, fees and special assessments 19,836,720 19,836,720 31,833,908 11,997,188 Interest income 1,082,400 1,085,450 1,735,471 650,021 Net inc (dec) in fair value of investments - - 810,861 810,861 Contributions and donations - 2,000,000 2,000,000 - Miscellaneous - - 1,428,195 1,428,195 Total revenues 57,495,335 59,498,385 79,494,773 19,996,388 EXPENDITURES Current: General government 956,650 956,650 - 956,650 Transportation 3,664,802 5,664,802 - 5,664,802 Culture and recreation 3,290,447 3,331,937 - 3,331,937 Total expenditures 7,911,899 9,953,389 - 9,953,389 Excess (deficiency) of revenues over (under) expenditures 49,583,436 49,544,996 79,494,773 29,949,777 OTHER FINANCING SOURCES (USES) Transfers in - 516,200 516,200 - Transfers out (58,169,473) (76,154,556) (75,990,044) 164,512 Total other financing sources and (uses) (58,169,473) (75,638,356) (75,473,844) 164,512 Net change in fund balances (8,586,037) (26,093,360) 4,020,929 30,114,289 Fund balances - beginning 72,119,326 72,119,326 72,119,326 - Fund balances - ending 63,533,289 $ 46,025,966 $ 76,140,255 $ 30,114,289 $ The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Capital Revenue Programs Special Revenue Fund For the Year Ended September 30, 2019 59