2020 IMPACT Report - Sarasota County, Florida

CAPITAL ASSETS S arasota County’s investment in capital assets for its governmental and business-type activities at the end of the current fiscal year amounted to $2.5 billion (net of accumulated depreciation). The County’s total investment in capital assets for the current fiscal year increased by 5.8 percent. This investment in capital assets is comprised of: • Land (including land rights, rights of way/easements) • Building and building improvements • Equipment • Software • Water and timber rights • Construction in progress • Infrastructure Major capital asset events during the current year included: • Ownership of the Atlanta National League Baseball Club, LLC was transferred to Sarasota County. • The Benderson Development Company, LLC improvements were completed. • The renovations to County facilities were completed. • County wide road resurfacing and sidewalk program improvements were completed. CAPITAL ASSETS, NET OF DEPRECIATION (in thousands) Governmental Activities Business-Type Activities Total 2020 2019 2020 2019 2020 2019 Land $ 469,696 $ 451,595 $ 64,662 $ 64,588 $ 534,358 $ 516,183 Land Rights 925 925 - - 925 925 Right Of Way/Easements 30,730 25,770 1,489 735 32,219 26,505 Buildings And Improvements 236,412 179,586 25,282 35,767 261,694 215,353 Equipment 54,219 58,244 15,618 26,739 69,837 84,983 Infrastructure 648,710 637,453 765,791 757,106 1,414,501 1,394,559 Software 6,842 8,478 - - 6,842 8,478 Water, Timber Rights - - - - - - Construction In Progress 124,666 94,545 60,103 26,239 184,769 120,784 TOTAL $ 1,572,200 $ 1,456,596 $ 932,945 $ 911,174 $ 2,505,145 $ 2,367,770 22 Impact Report 2020