INTEREST INCOME 2023 Budget: $ 12,370,893 2023 Actual: $ 36,989,494 2024 Budget: $ 14,622,631 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: Interest income includes all interest earned on investments and realized gains/losses on the sale of investments. In fiscal year 2023, interest income totaled $37.0 million and realized gains totaled $4.3 million. 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 Description: Capital Contributions and Miscellaneous contains revenue from such sources as donations, rents, commissions, proceeds from the sale of capital assets and other sources. In fiscal year 2023, capital contributions totaled $24.7 million and miscellaneous totaled $16.4 million. INTEREST INCOME HISTORY 0 5 10 15 20 25 30 35 $40 2019 2020 2021 2022 2023 Budget 2024 SarasotaClerk.com 23 CATEGORY 6 – INTEREST, CAPITAL CONTRIBUTIONS AND MISCELLANEOUS Millions 2023 Siesta Key Crystal Classic INTEREST INCOME REVENUE HISTORY 2019 2020 2021 2022 2023 Budget 2024 $18,407,516 $18,607,287 $11,073,358 $11,746,324 $36,989,494 $14,622,631 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 2024 adopted budget.
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