Financial Administration

The Financial Administration department is committed to ensuring the fiscal integrity and financial sustainability of the City by providing transparent, accountable, and efficient financial management. We responsibly manage public funds, support city operations, and deliver accurate and timely financial information to the community, elected officials, and city departments. Through prudent budgeting, strategic planning, and sound financial policies, we strive to enhance public trust and support the City's long-term philosophy. 

The information on this website does not and should not be considered an offer to buy or sell securities. In connection with certain outstanding public bond issues of the City of Sarasota, Florida (the “City”), the City files, or causes to be filed, its official statements, its audited financial statements, certain operating data and financial information, and occasional voluntary notices on the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (“EMMA”) system.

The information on EMMA and this website is for informational purposes only and does not include all information which may be of interest to a potential investor, nor does it purport to present full and fair disclosure within the meaning of the applicable securities laws. Such information about the City is only accurate as of its date, and the City undertakes no obligation to update such information beyond its date. No representation is being made that there has not been a change in the affairs of the City since such date. Such information is subject to change without notice and posting of other information on the website does not imply that there has been no change in the affairs of the City since the date of such information. The updating or lack of updating of any information contained on EMMA or this website should not be considered to convey a complete picture of the affairs of the City. Such information concerning past performance should not be relied upon as a forecast of future performance. Third party information is believed to be reliable; however, the City takes no responsibility for its accuracy.

Financial Reports and Plans

Annual Adopted Budget

Adopted Budgets

Amendments to the Adopted Budget

Fiscal Year 2024-25

 

Fiscal Year 2023-24

Fiscal Year 2022-23

Proposed Budget

Annual Adopted Capital Improvement Plans

  • Expenses over $50,000 used to create and maintain facilities, land, and major equipment
  • 10-year plan with a 5-year adopted funding schedule

Annual Comprehensive Financial Reports (ACFR)

Popular Annual Financial Reports (PAFR)

Departments and “Other” Funds Monthly Status Report

  • Preliminary/unaudited financial reports
  • Compares current and previous fiscal year revenues and expenditures
  • Provided monthly for the City Commission in compliance with City Policy

Annual Debt Reports

Municipal Advisor Rule Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

The City of Sarasota, Florida has retained the firm of PFM Financial Advisors, LLC, as its Municipal Advisor. The City of Sarasota, Florida is represented by and will rely on PFM Financial Advisors, LLC, to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products, including investments of bond procedures and escrow investments.

This certificate may be relied upon until December 31, 2027, or until updated on this site earlier.

Proposals may be addressed to:

  • Kelly Strickland, CPA, CGFO
    Director of Financial Administration
    1565 1st Street
    Sarasota, Florida 34236
  • Jay Glover, Managing Director
    PFM Financial Advisors, LLC
    200 S. Orange Ave. Ste 760
    Orlando, Florida 32801
    gloverj@pfm.com

By publicly posting this written disclosure, the City of Sarasota, Florida intends that market participants receive and use it for purposes of the Independent Registered Municipal Advisor exemption to the SEC municipal advisor rule.

  • Overview of all of the City’s existing debt
  • Provides the reasoning for each Bond and Loan
  • Includes workforce obligations (Pensions and retiree health care)

Investment Reports

  • Provided after the close of each quarter, and an annual summary
  • Details the short-term and long-range investments and returns
  • Prepared by City Investment counselor PFM

Major Revenues Manual

Fiscal Policies

Grants Coordination

Taxes and Assessments

Ad Valorem Taxes

Citizen Tax Oversight Committee

Penny Sales Taxes

Bottled and Metered Gas Tax Payments

Special Assessment and Special Taxing Districts

The City of Sarasota Finance Department oversees the annual budgets of the: