Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 Balance Balance 9/30/2019 Additions Deletions 9/30/2020 Less accumulated depreciation or amortization for: Buildings and building improvements Utility System $ 78,977,254 $10,019,359 $ 11,426,234 $ 77,570,379 Solid Waste System 4,276,831 63,027 - 4,339,858 Stormw ater Utility 408,204 26,730 16,227 418,707 Transportation Authority 4,750,584 322,648 - 5,073,232 Total 88,412,873 10,431,764 11,442,461 87,402,176 Equipment Utility System 44,214,813 662,168 31,945,564 12,931,417 Solid Waste System 440,099 44,869 57,323 427,645 Stormw ater Utility 455,296 23,986 94,046 385,236 Transportation Authority 16,574,849 2,548,276 1,514,412 17,608,713 Total 61,685,057 3,279,299 33,611,345 31,353,011 Infrastructure Utility System 331,447,329 25,920,715 (21,187,730) 378,555,774 Solid Waste System 38,964,079 2,956,287 - 41,920,366 Stormw ater Utility 68,805,209 6,166,138 (16,227) 74,987,574 Transportation Authority 3,423,947 514,640 - 3,938,587 Total 442,640,564 35,557,780 (21,203,957) 499,402,301 Software Utility System (665,416) 665,416 Transportation Authority 1,964,685 - (99,506) 2,064,191 Total 1,964,685 - (764,922) 2,729,607 Water, Timber Rights Utility System 27,027,359 - - 27,027,359 Total 27,027,359 - - 27,027,359 Total accumulated depreciation or amortization 621,730,538 49,268,843 23,084,927 647,914,454 Total capital assets being depreciated or amortized, net 819,612,028 18,313,820 31,234,962 806,690,886 Business-type activities capital assets, net $ 911,174,066 $71,233,796 $ 49,463,097 $ 932,944,765 B. CONSTRUCTION IN PROGRESS Construction in progress for business-type activities represented the following: The Utility System's construction in progress at year end consisted of $56,193,194 in the engineering and construction costs associated with various water and wastewater projects. The funding for these improvements includes capacity fees (formerly called impact fees), user rates, state revolving fund (SRF) loans and bond proceeds. Construction in progress for the Solid Waste System at year-end of $2,577,911 included costs associated with design/engineering and construction costs for various Central County Solid Waste Disposal Complex projects. The funding for these improvements includes tipping fees and interest earnings. Construction in progress for the Stormwater Utility at year end consisted of $1,331,926 in design and construction of Stormwater management improvements in various basins throughout the County. The County has capital assessments to finance these improvements. 109