Sarasota County Comprehensive Annual Financial Report 2020

33 Sarasota County, Florida Changes in Net Position (in thousands) Governmental Business-type Activities Activities Total 2020 2019 2020 2019 2020 2019 REVENUES Program revenues: Charges for services $ 108,946 $ 109,207 $ 184,292 $ 175,363 $ 293,238 $ 284,570 Operating grants and contributions 71,356 21,718 10,299 6,489 81,655 28,207 Capital grants and contributions 124,918 38,532 32,799 27,342 157,717 65,874 General revenues: Ad valorem taxes 241,028 225,165 - - 241,028 225,165 Local government sales tax 72,137 75,512 - - 72,137 75,512 Other taxes 59,762 64,003 - - 59,762 64,003 State revenue sharing 13,588 14,271 - - 13,588 14,271 Investment earnings 17,985 20,607 9,322 11,325 27,307 31,932 Miscellaneous 6,209 5,838 1,843 1,604 8,052 7,442 Total revenues 715,929 574,853 238,555 222,123 954,484 796,976 EXPENSES General government 111,729 103,309 - - 111,729 103,309 Public safety 277,619 274,966 - - 277,619 274,966 Physical environment 10,547 9,982 - - 10,547 9,982 Transportation 83,474 60,892 - - 83,474 60,892 Economic environment 9,188 12,591 - - 9,188 12,591 Human services 22,746 22,071 - - 22,746 22,071 Culture and recreation 58,409 59,908 - - 58,409 59,908 Interest on long-term debt 13,006 13,080 - - 13,006 13,080 Utility system - - 121,129 108,945 121,129 108,945 Solid waste system - - 48,486 47,017 48,486 47,017 Stormwater utility - - 21,528 20,969 21,528 20,969 Transportation authority - - 26,113 30,622 26,113 30,622 Total expenses 586,718 556,799 217,256 207,553 803,974 764,352 Increase (decrease) in net position 129,211 18,054 21,299 14,570 150,510 32,624 before transfers Transfers (14,155) (20,546) 14,155 20,546 - - Special items: Business loan repayment 62 - - - 62 - Bu si ness loan issued (4,090) - - - (4,090) - Increase (decrease) in net position 111,028 (2,492) 35,454 35,116 146,482 32,624 Net position-beginning, restated 1,240,077 1,242,569 1,058,938 1,023,822 2,299,015 2,266,391 Net position-ending $ 1,351,105 $ 1,240,077 $ 1,094,392 $ 1,058,938 $ 2,445,497 $ 2,299,015