Sarasota County Comprehensive Annual Financial Report 2020

SARASOTA COUNTY, FLORIDA COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED SEPTEMBER 30, 2020 TABLE OF CONTENTS 7) Long-Term Debt............................................................................................................................................... 111 8) Lease Obligations ............................................................................................................................................ 124 9) Landfill Closure and Postclosure Care Cost.................................................................................................... 124 10) Risk Management............................................................................................................................................ 124 11) Employee Retirement Plans ............................................................................................................................ 126 12) Deferred Compensation Plan .......................................................................................................................... 136 13) Post-Employment Benefits (Other Than Pensions)......................................................................................... 136 14) Contingencies .................................................................................................................................................. 142 15) Subsequent Events ......................................................................................................................................... 142 16) Deficit Fund Balances...................................................................................................................................... 143 17) Tax Abatement ................................................................................................................................................ 144 18) Special Items ................................................................................................................................................... 144 Required Supplementary Information: Schedule of Changes in the County’s Net OPEB Liability and Related Ratios ..................................................... 148 Schedule of Contributions for the County’s OPEB Trust Fund .............................................................................. 149 Schedule of Changes in the Sheriff’s Net OPEB Liability and Related Ratios ...................................................... 151 Schedule of Proportionate Share of Net Pension Liability ..................................................................................... 152 Schedule of Contributions ...................................................................................................................................... 158 Governmental Funds Financial Statements: Combining and Individual Fund Statements and Other Supplemental Information: Combining Balance Sheet – Nonmajor Governmental Funds ............................................................................... 170 Combining Statement of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds ...................................................................................................................... 172 Special Revenue Funds: Subcombining Balance Sheet – Nonmajor Special Revenue Funds........................................................ 174 Subcombining Statement of Revenues, Expenditures and Changes in Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Nonmajor Special Revenue Funds: Balances – Nonmajor Special Revenue Funds ..................................................................................... 180 Transportation Special Revenue Fund............................................................................................... 186 Building and Zoning Special Revenue Fund ...................................................................................... 187 Tourist Development Special Revenue Fund..................................................................................... 188 Franchise Utilities Special Revenue Fund.......................................................................................... 189 Mosquito Control Special Revenue Fund........................................................................................... 190 Grants in Aid Special Revenue Fund ................................................................................................. 191 Environmental Resources Special Revenue Fund............................................................................. 192 Gifts, Donations and Recreation Special Revenue Fund................................................................... 193 Improvement Districts Special Revenue Fund ................................................................................... 194 Court Improvements Special Revenue Fund ..................................................................................... 195 Street Lighting Districts Special Revenue Fund ................................................................................. 196 Arts in Public Places Special Revenue Fund ..................................................................................... 197 Economic Development Special Revenue Fund ................................................................................ 198 Moving Violation Surcharge Special Revenue Fund .......................................................................... 199 Law Enforcement Special Revenue Fund .......................................................................................... 200 Sheriff’s Special Revenue Fund ........................................................................................................ 201 Clerk’s Special Revenue Fund ........................................................................................................... 203 4