Sarasota County Comprehensive Annual Financial Report 2019

SARASOTA COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2019 TABLE OF CONTENTS Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Nonmajor Debt Service Funds: Limited Ad Valorem Tax Series 2005 Fund........................................................................................ 208 Infrastructure Sales Surtax Series 2008A Fund ................................................................................. 209 Bank Term Loans Debt Service Fund ................................................................................................ 210 Commercial Paper Debt Service Fund............................................................................................... 211 Capital Improvement Series 2010 Fund............................................................................................. 212 Communications Service Tax Series 2010 Fund ............................................................................... 213 Second Guaranteed Entitlement Series 2013 Fund........................................................................... 214 Infrastructure Sales Surtax Series 2014A, Series 2015, and Series 2018 Fund ............................... 215 Capital Improvement Series 2017 Fund............................................................................................. 216 Capital Improvement Series 2018A Fund .......................................................................................... 217 Capital Improvement Series 2018B Fund .......................................................................................... 218 General Obligation Series 2019 Fund ................................................................................................ 219 Capital Improvement Series 2019A Fund .......................................................................................... 220 Capital Improvement Series 2019B Fund .......................................................................................... 221 Capital Improvement Series 2018C Fund .......................................................................................... 223 Capital Projects Funds: Subcombining Balance Sheet – Nonmajor Capital Projects Funds.......................................................... 224 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Capital Projects Funds ....................................................................................... 226 Permanent Fund: Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Library Endowments ......................................................................................................... 229 Internal Service Funds: Combining Statement of Net Position – Internal Service Funds............................................................................ 232 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position – Internal Service Funds ................................................................................................ 234 Combining Statement of Cash Flows – Internal Service Funds ............................................................................ 236 Fiduciary Funds: Combining Statement of Fiduciary Net Position – Agency Funds ......................................................................... 242 Combining Statement of Changes in Fiduciary Net Position – Agency Funds...................................................... 244 Englewood Community Redevelopment Agency: Balance Sheet – Englewood Community Redevelopment Agency ....................................................................... 246 Statement of Revenues, Expenditures and Changes in Fund Balance - Englewood Community Redevelopment Agency............................................................................ 247 Notes: 1) Summary of Significant Accounting Policies ............................................................................................... 249 2)Interfund Receivables, Payables, and Transfers ....................................................................................... . 25 1 STATISTICAL SECTION: Financial Trends: Net Position by Component.......................................................................................................................................... 256 Changes in Net Position ............................................................................................................................................... 258 Fund Balances, Governmental Funds .......................................................................................................................... 262 Changes in Fund Balances, Governmental Funds....................................................................................................... 264 5