Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Summary Schedule of Revenues, Expenditures and Changes in Fund Balances - General Fund Last Five Fiscal Years Year Ending September 30, 2016 2017 2018 2019 2020 REVENUES Taxes $140,769,623 $151,194,205 $162,870,979 $172,595,805 $182,109,543 Permits, fees and special assessments 17,844,542 18,201,595 18,691,891 19,285,420 18,936,825 Intergovernmental 42,578,345 43,693,742 46,465,445 48,352,167 46,154,703 Charges for services 40,751,909 37,352,910 39,461,619 41,935,430 40,370,971 Judgments, fines and forfeits 543,865 467,634 449,034 435,002 217,075 Interest income 1,722,915 1,760,125 2,149,498 3,138,974 2,536,131 Net increase (decrease) in fair value of investments (310,751) (473,501) (753,007) 992,644 1,486,395 Contributions and donations 2,394 844 - - - Miscellaneous 2,028,999 1,388,574 2,502,059 1,432,622 2,908,572 Total revenues 245,931,841 253,586,128 271,837,518 288,168,064 294,720,215 EXPENDITURES Current: General government 80,239,008 73,185,884 76,536,711 79,367,062 83,536,886 Public safety 112,474,898 119,215,756 121,292,782 128,603,354 128,506,060 Physical environment 3,222,397 3,318,144 3,552,216 3,598,147 3,618,701 Economic environment 1,006,961 1,239,083 1,142,449 873,826 898,722 Human services 8,563,297 9,635,038 8,973,947 9,247,992 9,172,905 Culture and recreation 28,485,934 29,352,134 31,324,763 31,340,314 31,038,032 Debt Service: Principal 49,010 53,255 57,751 62,513 67,555 Interest and fiscal charges 35,877 33,330 30,566 27,571 24,330 Total Expenditures 234,077,382 236,032,624 242,911,185 253,120,779 256,863,191 Excess (deficiency) of revenues over (under) expenditures 11,854,459 17,553,504 28,926,333 35,047,285 37,857,024 OTHER FINANCING SOURCES (USES) Transfers in 10,264,576 11,438,749 7,632,748 8,284,438 7,260,462 Transfers out (35,485,874) (35,134,279) (32,338,784) (37,799,250) (32,419,694) Total other financing sources (uses) (25,221,298) (23,695,530) (24,706,036) (29,514,812) (25,159,232) Net change in fund balance (13,366,839) (6,142,026) 4,220,297 5,532,473 12,697,792 Fund balances - beginning 108,471,693 95,104,854 88,962,828 93,183,125 98,715,598 Fund balances-ending $ 95,104,854 $ 88,962,828 $ 93,183,125 $ 98,715,598 $ 111,413,390 Source: Prepared by the County from audited financial statements (on a modified accrual basis) 310