FINANCE OCTOBER 2020

Budget/Financial Information:

Included in the Board packet is the unaudited Income Statement for October. Summary information contained therein for October is as follows: Operating revenues were approximately 14.3% higher than anticipated in the FY 2021 budget. Operating expenses were approximately 20.3% lower. Due to technical difficulties, we were unable to provide a Balance Sheet for October at this time. A Balance Sheet will be provided at the November 17 meeting.

COVID-19 waivers for October are $424,401.99 and deferrals are $176,530.89 for a total of $600,932.88. Revenue figures are net of waivers.

As part of the ongoing development of investment policies and procedures, reports have been developed based on information provided by Sarasota County Clerk of the Court. The current disclosure reflects an Investment Portfolio Analysis, along with a Portfolio Activity Report. Staff continues to work closely with the Clerk's office.

Passenger Facility Charge (PFC): A separate detail which reflects PFC collections for the month of October and cumulative to date.

Monthly Investment Report: September 2020 attached.