Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Combining Statement of Net Position Internal Service Funds September 30, 2020 Board of County Commissioners ASSETS Fleet Services Information Technology Risk Management Medical Benefits Current assets: Cash and investments Interest receivable Accounts receivable Prepaid items Intergovernmental receivable Inventories Total current assets $ 30,395,887 $ 15,054,407 $ 5,557,670 33,336 18,761 6,650 - 19,487 - - - 1,390,173 67,876 90,438 - 167,737 - - 30,664,836 15,183,093 6,954,493 $ 20,609,607 26,773 - - 42,357 - 20,678,737 Non-current assets: Restricted assets Intergovernmental receivable Total non-current restricted assets - - - - - - - - Net OPEB asset Non-depreciable capital assets Depreciable capital assets (net) Total non-current assets Total assets 50,075 - 28,138,837 28,188,912 58,853,748 102,267 3,295,698 12,572,386 15,970,351 31,153,444 9,309 - 1,876 11,185 6,965,678 11,276 - 15,614 26,890 20,705,627 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts for pensions Deferred amounts for OPEB Total deferred outflows of resources 642,176 29,856 672,032 2,202,197 60,974 2,263,171 155,521 5,550 161,071 215,414 6,723 222,137 LIABILITIES Current liabilities: Accounts payable Wages and benefits payable Contracts and retainages payable Compensated absences Claims and judgments payable Net pension liability Total current liabilities 4,932 137,501 2,602,717 170,546 - 4,575 2,920,271 23,772 431,573 1,316,134 628,384 - 15,689 2,415,552 102,979 32,727 59,494 27,737 1,513,475 1,108 1,737,520 3,982 40,287 1,646,547 47,335 3,194,320 1,535 4,934,006 Non-current liabilities: Net pension liability Compensated absences Claims and judgments payable Total non-current liabilities Total liabilities 2,171,452 12,837 - 2,184,289 5,104,560 7,446,504 47,298 - 7,493,802 9,909,354 525,878 2,088 2,177,799 2,705,765 4,443,285 728,399 3,563 - 731,962 5,665,968 DEFERRED INFLOWS OF RESOURCES Deferred amounts for pensions Deferred amounts for OPEB Total deferred inflows of resources 63,106 54,739 117,845 216,408 111,791 328,199 15,283 10,176 25,459 21,168 12,326 33,494 NET POSITION Net investment in capital assets Unrestricted Total net position 28,138,837 15,868,084 1,876 26,164,538 7,310,978 2,656,129 $ 54,303,375 $ 23,179,062 $ 2,658,005 $ 15,614 15,212,688 15,228,302 236