2019 IMPACT Report - Sarasota County, Florida

14 Impact Report 2019 BUDGET S arasota County’s total adopted budget for fiscal year 2019, which is the financial plan for funding all operations, totaled $1.2 billion. This includes elected and appointed officials, all Board of County Commissioner Core and Support Services, and also includes funding for personal services, non-personal services, operating, and capital funding required to maintain the adopted level of service. The fiscal year 2019 total adopted budget increased by 9.8% over the previous year. FUND TYPES A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activity or objective. Sarasota County, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. General Fund – Accounts for the County’s primary operating fund that pays for government operations. Special Revenue Funds – Account for specific revenues that are legally restricted to expenditures for particular purposes. Debt Service Funds – Account for the accumulation of resources for, and the payment of, general long term debt principal and interest. Capital Projects Funds – Account for the acquisition and construction of major capital facilities other than those financed by proprietary and trust funds. Permanent Funds – Account for resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the County’s programs. Enterprise Funds – Account for any activity for which a fee is charged to external users for goods or services. Internal Service Funds – Account for the financing of goods or services provided by one department or agency to other departments or agencies of the government and to other governmental units, on a cost reimbursement basis. $1,400 1,200 1,000 800 600 400 200 0 TOTAL BUDGETS ~ FY15 TO FY19 *Capital Improvement Program Includes Capital and Debt Service Source: Sarasota County Annual Budget FY2019 Capital Operating 2019 2015 2016 2017 287 351 367 293 270 844 891 782 799 814 2018 Millions BUDGET BY FUND TYPE Special Revenue Fund Debt Service Fund Capital Projects Funds Permanent Funds Enterprise Funds Internal Service Funds 2019 2015 2016 2017 2018 General Fund Millions $500 450 400 350 300 250 200 150 100 50 0