Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual Capital Revenue Programs Special Revenue Fund For the Year Ended September 30, 2020 Budgeted Amounts Actual Amounts Variance with Original Final GAAP Basis Final Budget REVENUES Taxes $ 40,660,950 $ 40,660,950 $ 40,165,462 $ (495,488) Permits, fees and special assessments 26,550,344 26,550,344 29,657,243 3,106,899 Interest income 842,473 842,473 1,426,780 584,307 Net inc (dec) in fair value of investments - - 933,949 933,949 Contributions and donations - - 649,379 649,379 Total revenues 68,053,767 68,053,767 72,832,813 4,779,046 EXPENDITURES Current: General government 1,910,746 1,910,746 - 1,910,746 Public safety 4,943,197 4,943,197 - 4,943,197 Transportation 5,989,438 7,533,294 - 7,533,294 Culture and recreation 5,318,893 5,038,893 - 5,038,893 Total expenditures 18,162,274 19,426,130 - 19,426,130 Excess (deficiency) of revenues over (under) expenditures 49,891,493 48,627,637 72,832,813 24,205,176 OTHER FINANCING SOURCES (USES) Transfers in - 716,053 716,052 (1) Transfers out (59,051,114) (73,317,188) (73,317,187) 1 Total other financing sources and (uses) (59,051,114) (72,601,135) (72,601,135) - Net change in fund balances (9,159,621) (23,973,498) 231,678 24,205,176 Fund balances - beginning 76,140,255 76,140,255 76,140,255 - Fund balances - ending $ 66,980,634 $ 52,166,757 $ 76,371,933 $ 24,205,176 The notes to the financial statements are an integral part of this statement. 59