Sarasota County Comprehensive Annual Financial Report 2019

Major Major Utility Solid Waste System System Operating income (loss) 9,362,118 $ (1,995,399) $ Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation and amortization expense 28,409,254 3,028,818 Interest expense on customer deposits (61,578) - (Increase) decrease in accounts receivable 282,734 (50,986) (Increase) decrease in intergovernmental receivable 43,547 (394,364) (Increase) decrease in inventories - 213,412 (Increase) decrease in prepaid items - - (Increase) decrease in OPEB assets held in trust (168,261) (29,206) (Increase) decrease in deferred outflows for pensions 267,759 (14,923) (Increase) decrease in deferred outflows for OPEB 2,896 60 Increase (decrease) in vouchers payable (609,682) 4,066 Increase (decrease) in wages and benefits payable 55,099 26,159 Increase (decrease) in contracts and retainage payable 598,786 1,904,653 Increase (decrease) in net pension liability 1,013,949 316,439 Increase (decrease) in compensated absences 126,301 14,409 Increase (decrease) in claims payable - - Increase (decrease) in intergovernmental payable (2,036) - Increase (decrease) in customer deposits payable 393,702 (8,362) Increase (decrease) in landfill closure liability - 2,531,295 Increase (decrease) in deferred inflows for pensions (253,434) (23,908) Increase (decrease) in deferred inflows for OPEB 45,721 9,501 Total adjustments 30,144,757 7,527,063 Net cash provided by (used for) operating activities 39,506,875 $ 5,531,664 $ Contributed capital assets 1,531,175 $ - $ Contributed capital assets from developers 9,885,672 - Transfers of capital assets to other funds 1,128 - Change in fair value of investments 707,613 353,218 Receivables related to capital asset acquisition 201,095 - Payables related to capital asset acquisition 871,907 - The notes to the financial statements are an integral part of this statement. Sarasota County, Florida Statement of Cash Flows-Continued Proprietary Funds For the Year Ended September 30, 2019 Non-cash investing, capital and financing activities: Business-type Activities Enterprise Funds Reconciliation of operating income (loss) to net cash provided (used) by operating activities: 72