Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2011 2012 2013 2014 NET (EXPENSE)/REVENUE Governmental activities: General government Public safety Physical environment Transportation Economic environment Human services Culture and recreation Interest on long term debt Subtotal governmental activities net expense $ (53,355,874) (112,464,059) (4,763,558) (29,222,033) (11,193,526) (19,413,764) (20,076,966) (15,365,483) (265,855,263) $ (49,039,124) (116,599,284) (4,410,080) (36,126,639) (8,582,373) (18,846,422) (31,710,053) (14,869,484) (280,183,459) $ (47,590,125) (115,003,809) (3,469,062) (51,888,992) (7,752,255) (20,580,844) (22,645,587) (15,242,712) (284,173,386) $ (53,425,385) (119,701,131) (6,746,871) (42,487,973) (10,042,241) (20,443,542) (29,547,974) (15,772,410) (298,167,527) Business-type activities: Utility system Solid waste system Stormwater utility Transportation authority Subtotal business-type activities net expense Total primary government net expense 14,626,918 3,513,873 5,754,901 (7,313,469) 16,582,223 (249,273,040) 20,129,375 3,839,909 2,851,684 (15,967,604) 10,853,364 (269,330,095) 18,556,352 2,493,804 2,391,097 (17,919,800) 5,521,453 (278,651,933) 27,599,178 1,415,260 1,938,954 (15,407,215) 15,546,177 (282,621,350) GENERAL REVENUES AND OTHER CHANGES IN NET POSITION Governmental activities: Ad valorem taxes 160,219,581 150,531,445 150,965,782 156,848,716 Motor fuel tax 11,697,973 11,183,012 11,552,806 11,741,433 Tourist tax 11,469,148 14,076,593 14,960,055 17,050,460 Franchise tax 16,576,491 15,665,884 15,346,666 16,618,542 Local communications services tax 10,538,700 10,734,887 10,675,672 10,764,661 Local government sales tax 49,837,878 50,271,002 52,186,598 60,268,365 State revenue sharing-unrestricted 7,581,187 7,772,346 8,219,825 8,769,270 Other state shared revenue-unrestricted 2,798,056 2,770,828 2,719,695 2,631,665 Unrestricted investment earnings 19,467,113 17,959,499 (1,469,198) 9,876,625 Securities lending income Miscellaneous 5,760 6,520,740 23,538 6,636,129 - 31,308,390 - 9,897,225 Transfers (17,861,861) (11,196,862) (20,477,496) (36,896,787) Special items: Business loan repayment Business loan issued - - - - - - - - Subtotal governmental activities 278,850,766 276,428,301 275,988,795 267,570,175 Business-type activities: Unrestricted investment earnings 5,584,404 6,517,940 734,733 4,535,680 Miscellaneous 2,898,676 2,126,773 2,601,881 2,484,409 Transfers 17,861,861 11,196,862 20,477,496 36,896,787 Subtotal business-type activities 26,344,941 19,841,575 23,814,110 43,916,876 Total primary government 305,195,707 296,269,876 299,802,905 311,487,051 Increase (Decrease) in Net Position Governmental activities Business-type activities 12,995,503 42,927,164 (3,755,158) 30,694,939 (8,184,591) 29,335,563 (30,597,352) 59,463,053 Total primary government $ 55,922,667 $ 26,939,781 $ 21,150,972 $ 28,865,701 264