Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Debt Service Funds For the Year Ended September 30, 2020 Limited Ad Valorem Tax Bank Term Commercial Series 2005 Loans Paper REVENUES Taxes $ - $ 7,905,547 $ - Interest income (1) 114,125 21,312 Net inc (dec) in fair value of investments - (33,150) - Total revenues (1) 7,986,522 21,312 EXPENDITURES Current: Debt service: Principal - 13,465,000 5,720,000 Interest and fiscal charges - 3,043,245 454,276 Debt issuance costs - 40,500 - Total expenditures - 16,548,745 6,174,276 Excess (deficiency) of revenues over (under) expenditures (1) (8,562,223) (6,152,964) OTHER FINANCING SOURCES (USES) Transfers in - 8,867,032 6,629,280 Transfers out (234,508) - (82,500) Total other financing sources (uses) (234,508) 8,867,032 6,546,780 Net change in fund balances (234,509) 304,809 393,816 Fund balances - beginning 234,509 1,556,359 372,101 Fund balances - ending $ - $ 1,861,168 $ 765,917 208