Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Statement of Net Position Proprietary Funds September 30, 2020 Business-type Activities Enterprise Funds Major Major Major Utility Solid Waste Stormwater System System Utility ASSETS Current unrestricted assets: Cash and investments $ 175,391,207 $ 63,850,603 $ 26,811,241 Interest receivable 236,062 125,684 33,473 Accounts receivable 11,502,462 891,408 - Prepaid items - - - Internal balances - 3,915,241 - Intergovernmental receivable 4,971 515,330 47,124 Inventories - - - Total current unrestricted assets 187,134,702 69,298,266 26,891,838 Current restricted assets: Customer deposits cash 2,603,831 724,422 - Landfill closure cash - 365,273 - Construction trust cash 802,178 - 47,124 Debt service cash 218,532 - - Total current restricted assets 3,624,541 1,089,695 47,124 Total current assets 190,759,243 70,387,961 26,938,962 Non-current assets: Restricted assets Landfill closure cash - 30,373,228 - Construction trust cash 16,774,263 - 2,363,037 Debt service cash 1,881,457 - - Renewal and replacement cash 2,000,000 500,000 - Accounts receivable 12,945 - - Capacity fee receivable 2,852,149 - - Intergovernmental receivable - - - Interest receivable 26,830 - 2,890 Total non-current restricted assets 23,547,644 30,873,228 2,365,927 Net OPEB asset 293,244 47,686 112,297 Nondepreciable capital assets 77,313,434 30,187,121 16,487,789 Depreciable capital assets (net) 643,847,870 63,140,580 76,691,957 Total non-current assets 745,002,192 124,248,615 95,657,970 Total assets 935,761,435 194,636,576 122,596,932 DEFERRED OUTFLOWS OF RESOURCES Deferred amounts on debt refundings 5,664,581 73,802 - Deferred amounts for pensions 3,873,734 611,625 1,529,043 Deferred amounts for OPEB 174,840 28,432 66,954 Total deferred outflows of resources $ 9,713,155 $ 713,859 $ 1,595,997 The notes to the financial statements are an integral part of this statement. 62