Sarasota County Consolidated Major Revenue and Debt Report 2019

AT A GLANCE FINANCIAL HIGHLIGHTS • Sarasota County has been awarded a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its Comprehensive Annual Financial Report for fiscal year ended September 30, 2018. This is the 35th consecutive year that Sarasota County has received this prestigious award. • In addition to being awarded the Certificate of Achievement, Sarasota County was issued the Distinguished Budget Presentation Award for fiscal year 2019. This was the 29th year that Sarasota County has received this award. • Sarasota County has also received the award for Outstanding Achievement in Popular Annual Financial Reporting for the seventh year. This report, named the 2018 IMPACT Report: Your Guide to Popular Annual Financial Information, was designed to provide citizens with a better understanding of where Sarasota County revenues come from, and how those dollars were managed and spent during the fiscal year ending September 30, 2018. • The County experienced a $14.8 million (7.0%) increase in Ad Valorem Tax revenue. This gain in Ad Valorem taxes is directly related to increases in taxable assessed property values. 4 Consolidated Major Revenue & Debt Report 2019