INTEREST INCOME 2021 Budget: $ 12,110,989 2021 Actual: $ 11,073,358 2022 Budget: $ 9,042,098 Interest income includes all interest earned on investments and realized gains/losses on the sale of investments. In fiscal year 2021, interest income totaled $9.8 million and realized gains/losses totaled $1.3 million. 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. Capital Contributions and Miscellaneous contains revenue from such sources as donations, rents, commissions, proceeds from the sale of fixed assets and other sources. In fiscal year 2021, capital contributions totaled $43.4 million and miscellaneous totaled $9.6 million. INTEREST INCOME HISTORY 2017 2018 2019 2020 2021 Budget 2022 $13,338,857 $16,594,073 $18,407,516 $18,607,287 $11,073,358 $9,042,098 INTEREST INCOME HISTORY $20M 15M 10M 5M 0 2017 2018 2019 2020 2021 Budget 2022 The following Interest Income Revenue History chart and graph depict the five-year history of the major components within Category 6. The budget column represents data from the fiscal year 2022 adopted budget. CATEGORY 6 - Interest, Capital Contributions and Miscellaneous SarasotaClerk.com 23
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