Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Statement of Cash Flows Proprietary Funds For the Year Ended September 30, 2020 Business-type Activities Enterprise Funds Major Major Utility Solid Waste System System CASH FLOWS FROM OPERATING ACTIVITIES: Cash received for services $ 117,142,075 $ 48,790,899 Cash received for other revenues 1,213,287 380,343 Cash received for outside services - - Cash payments for goods and services (66,411,616) (40,620,141) Cash payments to employees (13,325,243) (2,520,279) Cash received (payments) for customer deposits 503,421 (35,705) Net cash provided by (used for) operating activities 39,121,924 5,995,117 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES: Operating grants received - 465,092 Cash transfers from other funds 657,663 - Cash transfers to other funds (2,680,696) (507,218) Interfund receivable - 1,609,936 Net cash provided by (used for) noncapital financing activities (2,023,033) 1,567,810 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES: Proceeds from sale of capital assets - - Capital contributed by developers and other funds 16,198,953 - Capital grants 541,608 - Acquisition and construction of capital assets (46,899,681) (1,479,868) Principal repayments-revenue bonds (3,036,113) - Principal repayments-commercial paper (3,000,000) - Principal repayments-notes (12,373,394) (2,740,000) Interest paid (7,630,223) (284,314) Net cash provided by (used for) capital and related financing activities (56,198,850) (4,504,182) CASH FLOWS FROM INVESTING ACTIVITIES: Investment earnings received 5,992,846 2,862,081 Net increase (decrease) in cash (13,107,113) 5,920,826 Cash and investments, October 1, 2019 (including $80,718,053 in restricted assets) 212,778,581 89,892,700 Cash and investments, September 30, 2020 (including $58,653,345 in restricted assets) $ 199,671,468 $ 95,813,526 The notes to the financial statements are an integral part of this statement. 72