Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 X. GOVERNMENTAL FUND BALANCES At September 30, 2020, the County's governmental fund balances were classified as follows: Major Funds Emergency Capital Services Revenue Special Programs Federal, State General Revenue Special and Local Fund Fund Revenue Grants Nonspendable: Endowments $ - $ - $ - $ - Inventories - 190,440 - - Total nonspendable - 190,440 - - Restricted: Debt service - - - - Capital projects - - - - Grants - - - 47,443,500 Enabling legislation - 21,689,993 15,348,690 - Impact fees - 1,547,253 61,023,243 - Other - - - - Total restricted - 23,237,246 76,371,933 47,443,500 Committed: Contingency/Emergency 53,073,718 - - - Capital projects - - - - Formal action - - - - Total committed 53,073,718 - - - Assigned: Compensated absences 4,691,318 - - - Subsequent year expenditures 18,651,187 - - - Total assigned 23,342,505 - - - Unassigned (1) : 34,997,167 - - (6,897,806) Total fund balances $ 111,413,390 $ 23,427,686 $ 76,371,933 $ 40,545,694 Note: (1) Included in Unassigned Fund Balance is Budget Stabilization and Economic Uncertainty Reserves in the following amounts: General Fund 34,234,599 $ 34,234,599 94