Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Statement of Cash Flows-Continued Proprietary Funds For the Year Ended September 30, 2020 Business-type Activities Enterprise Funds Major Major Utility Solid Waste System System Reconciliation of operating income (loss) to net cash provided (used) by operating activities: Operating income (loss) $ 863,879 $ (249,211) Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation and amortization expense 36,602,240 3,064,183 Interest expense on customer deposits (94,173) - (Increase) decrease in accounts receivable (417,421) 107,333 (Increase) decrease in intergovernmental receivable 73,770 165,170 (Increase) decrease in inventories - - (Increase) decrease in prepaid items - - (Increase) decrease in OPEB assets held in trust (90,748) (12,791) (Increase) decrease in deferred outflows for pensions (663,970) (76,661) (Increase) decrease in deferred outflows for OPEB (106,175) (16,599) Increase (decrease) in vouchers payable (301,489) (15,825) Increase (decrease) in wages and benefits payable 205,106 19,341 Increase (decrease) in contracts and retainage payable (707,660) (81,262) Increase (decrease) in net pension liability 3,501,918 468,443 Increase (decrease) in compensated absences 182,800 23,645 Increase (decrease) in claims and judgements payable - - Increase (decrease) in intergovernmental payable (3,519) - Increase (decrease) in customer deposits payable 503,421 (35,705) Increase (decrease) in landfill closure liability - 2,712,462 Increase (decrease) in deferred inflows for pensions (436,351) (76,067) Increase (decrease) in deferred inflows for OPEB 10,296 (1,339) Total adjustments 38,258,045 6,244,328 Net cash provided by (used for) operating activities $ 39,121,924 $ 5,995,117 Non-cash investing, capital and financing activities: Contributed capital assets $ 2,466,939 $ - Contributed capital assets from developers 16,190,250 - Transfers of capital assets to other funds 1,205 47,715 Change in fair value of investments 2,681,575 1,358,346 Payables related to capital asset acquisition 2,738,144 126,712 The notes to the financial statements are an integral part of this statement. 74