2020 Consolidated Major Revenue and Debt Report

CATEGORY 6 - Miscellaneous And Capital Contributions T he Miscellaneous and Capital Contributions category contains revenue from all sources not otherwise defned. Interest income includes all interest earned on investments, and realized gains/losses on the sale of investments. In addition to the other revenue sources listed above, the miscellaneous and capital contributions category includes such sources as donations, rents, commissions, proceeds from the sale of fxed assets and others. The miscellaneous source totaled $8.8 million and capital contributions totaled $37 million. INTEREST INCOME 2020 Budget: $ 11,916,608 2020 Actual: $ 18,607,287 2021 Budget: $ 12,110,989 Legal Authorization: Florida Statutes, Section 125.31, 218.415; County Ordinance 89-075 as amended by 06- 004, 08-111, 13-045 and 18-045. Description: The investment policy, as outlined in the ordinance, established guidelines and authorizes the County to invest in various types of investments. All funds participate in a pooled cash investment program. Interest income is allocated to individual funds based upon their average daily balance in the cash pool. Uses and Restrictions: The use of interest income varies based on the restrictions associated with each fund. INTEREST INCOME $20M 15M 10M 5M 0 2016 2017 2018 2019 2020 2021 Budget INTEREST INCOME 2016 2017 2018 2019 2020 Budget 2021 $12,636,318 $13,338,857 $16,594,073 $18,407,516 $18,607,287 $12,110,989 SarasotaClerk.com 23