Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2019 Major Major Major Utility Solid Waste Stormwater System System Utility ASSETS Current unrestricted assets: Cash and investments 163,237,947 $ 60,893,176 $ 26,342,368 $ Interest receivable 425,741 228,584 62,458 Accounts receivable 10,986,811 998,741 - Prepaid items - - - Internal balances - 5,525,177 - Intergovernmental receivable 78,742 627,534 - Inventories - - - Total current unrestricted assets 174,729,241 68,273,212 26,404,826 Current restricted assets: Accounts receivable 17,260 - - Customer deposits cash 2,100,410 760,127 - Landfill closure cash - 357,410 - Construction trust cash 994,554 - 138,613 Debt service cash 241,881 - - Total current restricted assets 3,354,105 1,117,537 138,613 Total current assets 178,083,346 69,390,749 26,543,439 Non-current assets: Restricted assets Landfill closure cash - 27,381,987 - Construction trust cash 42,352,619 - 2,039,282 Debt service cash 1,851,170 - - Renewal and replacement cash 2,000,000 500,000 - Capacity fee receivable 3,084,785 - - Interest receivable 103,215 - 5,077 Intergovernmental receivable 565,252 - 319,974 Total non-current restricted assets 49,957,041 27,881,987 2,364,333 Net OPEB asset 202,496 34,895 79,642 Nondepreciable capital assets 43,915,599 28,988,427 16,392,477 Depreciable capital assets (net) 646,416,124 65,844,591 81,642,135 Total non-current assets 740,491,260 122,749,900 100,478,587 Total assets 918,574,606 192,140,649 127,022,026 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts on debt refundings 6,214,429 122,015 - Deferred amounts for pensions 3,209,764 534,963 1,325,451 Deferred amounts for OPEB 68,665 11,833 27,006 Total deferred outflows of resources 9,492,858 $ 668,811 $ 1,352,457 $ The notes to the financial statements are an integral part of this statement. Business-type Activities Enterprise Funds 60