Sarasota County Comprehensive Annual Financial Report 2019

Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services 111,339,892 $ 44,732,726 $ Cash received for other revenues 1,237,703 344,155 Cash received for outside services - - Cash payments for goods and services (59,183,022) (37,096,297) Cash payments to employees (14,281,400) (2,440,558) Cash payments for customer deposits 393,702 (8,362) Net cash provided by (used for) operating activities 39,506,875 5,531,664 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received 635,864 15,130 Cash transfers from other funds 203,285 30,998 Cash transfers to other funds (2,485,564) (497,158) Interfund payable - - Interfund receivable - 1,299,576 Net cash provided by (used for) noncapital financing activities (1,646,415) 848,546 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from commercial paper issuance 15,000,000 - Proceeds from bond issuance 47,013,185 - Proceeds from sale of capital assets - - Capital contributed by developers and other funds 16,269,837 - Capital grants 15,821 - Acquisition and construction of capital assets (20,647,989) (701,666) Payments for debt issuance costs (297,662) - Principal repayments-revenue bonds (48,450,000) - Principal repayments-commercial paper (3,000,000) - Principal repayments-notes (12,281,681) (2,675,000) Interest paid (13,474,996) (350,831) Net cash provided by (used for) capital and related financing activities (19,853,485) (3,727,497) CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings received 6,870,707 3,230,382 Net increase (decrease) in cash 24,877,682 5,883,095 Cash and investments, October 1, 2018 (including $65,179,767 in restricted assets) 187,900,899 84,009,605 Cash and investments, September 30, 2019 (including $80,718,053 in restricted assets) 212,778,581 $ 89,892,700 $ The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2019 Business-type Activities Enterprise Funds 70