Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 Transfers to Transportation Authority from General Fund $ 14,212,041 Total transfers to Transportation Authority $ 14,212,041 Transfers to Internal Service Funds from General Fund $ 2,283,582 Nonmajor Governmental Funds 3,977 Total transfers to Internal Service Funds $ 2,287,559 Total transfers In $ 152,451,899 All transfers were used to either (1) move revenues from the fund that statute or budget requires to collect them, to the fund that statute or budget requires to expend them; (2) move receipts restricted to debt service from the funds collecting receipts to the debt service fund as debt service payments become due; or (3) use unrestricted revenues collected in the general fund to finance various programs accounted for in other funds in accordance with budgetary authorization. NOTE 6. CAPITAL ASSETS A. CAPITAL ASSET ACTIVITY Capital assets activity for the year ended September 30, 2020 was as follows: Balance Balance 9/30/2019 Additions Deletions 9/30/2020 Governmental Activities: Capital assets, not being depreciated or amortized: Land $ 451,594,938 $ 18,137,322 $ 35,800 $ 469,696,460 Land Rights 924,937 - - 924,937 Right of Way/Easements 25,769,520 4,960,255 - 30,729,775 Construction in progress 94,544,913 184,025,784 153,903,929 124,666,768 Total Capital assets, not being depreciated or amortized 572,834,308 207,123,361 153,939,729 626,017,940 Capital assets, being depreciated or amortized: Buildings and building improvements 356,848,925 67,170,803 857,697 423,162,031 Equipment 208,825,739 15,226,147 12,775,754 211,276,132 Infrastructure 1,598,941,636 72,032,517 - 1,670,974,153 Software 31,510,414 1,827,712 2,889,643 30,448,483 Total capital assets, being depreciated or amortized 2,196,126,714 156,257,179 16,523,094 2,335,860,799 Less accumulated depreciation or amortization for: Buildings and building improvements 177,262,572 10,289,663 801,981 186,750,254 Equipment 150,581,661 18,726,651 12,250,877 157,057,435 Infrastructure 961,488,157 60,772,239 (4,804) 1,022,265,200 Software 23,032,203 3,463,536 2,889,643 23,606,096 Total accumulated depreciation or amortization 1,312,364,593 93,252,089 15,937,697 1,389,678,985 Total capital assets, being depreciated or amortized, net 883,762,121 63,005,090 585,397 946,181,814 Governmental activities capital assets, net $ 1,456,596,429 $ 270,128,451 $ 154,525,126 $ 1,572,199,754 107