Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Tourist Development Special Revenue Fund For the Year Ended September 30, 2020 Budgeted Amounts Actual Amounts Variance with REVENUES Original Final GAAP Basis Final Budget Taxes Interest income Net inc (dec) in fair value of investments Contributions and donations Total revenues $ 21,000,000 $ 21,000,000 409,400 409,400 - - 275,000 275,000 21,684,400 21,684,400 $ 21,058,709 533,108 316,561 150,000 22,058,378 $ 58,709 123,708 316,561 (125,000) 373,978 EXPENDITURES Current: Physical environment Economic environment Culture and recreation Total expenditures 260,000 7,478,493 15,329,652 23,068,145 260,000 7,478,493 13,705,399 21,443,892 82,849 4,695,482 8,527,480 13,305,811 177,151 2,783,011 5,177,919 8,138,081 Excess (deficiency) of revenues over (under) expenditures (1,383,745) 240,508 8,752,567 8,512,059 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources and (uses) 50,000 (11,850,796) (11,800,796) 175,080 (12,705,260) (12,530,180) 125,080 (12,655,260) (12,530,180) (50,000) 50,000 - Net change in fund balances Fund balances - beginning Fund balances - ending (13,184,541) (12,289,672) 33,230,494 33,230,494 $ 20,045,953 $ 20,940,822 (3,777,613) 33,230,494 $ 29,452,881 8,512,059 - $ 8,512,059 188