Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Statement of Net Position September 30, 2020 Governmental Business-type Activities Activities Total ASSETS Current: Cash and investments $ 678,301,806 $ 270,344,771 $ 948,646,577 Interest receivable 858,131 395,333 1,253,464 Accounts receivable (net of allowance) 10,534,362 12,393,870 22,928,232 Prepaid items 1,392,110 - 1,392,110 Internal balances (130,257,254) 130,257,254 - Intergovernmental receivable 66,145,299 1,574,347 67,719,646 Loans and notes receivable 13,385,307 - 13,385,307 Inventories 3,908,378 - 3,908,378 Total current unrestricted assets 644,268,139 414,965,575 1,059,233,714 Current restricted assets: Accounts receivable 48,398 - 48,398 Customer deposits cash - 3,328,253 3,328,253 Landfill closure cash - 365,273 365,273 Construction trust cash - 849,302 849,302 Debt service cash - 218,532 218,532 Total current restricted assets 48,398 4,761,360 4,809,758 Total current assets 644,316,537 419,726,935 1,064,043,472 Non-current assets: Restricted assets Landfill closure cash - 30,373,228 30,373,228 Construction trust cash - 19,137,300 19,137,300 Debt service cash - 1,881,457 1,881,457 Renewal and replacement cash - 2,500,000 2,500,000 Accounts receivable - 12,945 12,945 Capacity fee receivable - 2,852,149 2,852,149 Interest receivable - 29,720 29,720 Intergovernmental receivable 79,291 - 79,291 Total non-current restricted assets 79,291 56,786,799 56,866,090 Net OPEB asset 2,921,628 736,319 3,657,947 Nondepreciable capital assets 626,017,940 126,253,879 752,271,819 Depreciable capital assets (net) 946,181,814 806,690,886 1,752,872,700 Total non-current assets 1,575,200,673 990,467,883 2,565,668,556 Total assets 2,219,517,210 1,410,194,818 3,629,712,028 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts on debt refundings 8,458,980 5,738,383 14,197,363 Deferred amounts for pensions 130,934,218 8,734,454 139,668,672 Deferred amounts for OPEB 2,435,474 439,013 2,874,487 Total deferred outflows of resources $ 141,828,672 $ 14,911,850 $ 156,740,522 The notes to the financial statements are an integral part of this statement. 44