Sarasota County, Florida Notes to Financial Statements September 30, 2022 The Five-Cent Local Option Fuel Tax Revenue Refunding Note, which is secured by a pledge of the FiveCent Local Option Fuel Tax Revenues, outstanding at year-end was as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Five-Cent Local Option Fuel Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) To advance refund a portion of the County’s Five-Cent Local Option Fuel Tax Revenue Bonds, Series 2005, maturing on or after October 1, 2016. 2025 2.29% $ 965,000 to 1,010,000 $9,255,000 $ 2,965,000 Total Five-Cent Local Option Fuel Tax Revenue Notes – Governmental Activities $ 2,965,000 The Infrastructure Sales Surtax Revenue Note, which is secured by a pledge of the Infrastructure Sales Surtax Revenues, outstanding at year-end was as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Infrastructure Sales Surtax Revenue Note, Series 2020 (Bank Term Loan) To finance the acquisition, construction and equipping of improvements to the South County Courts and R.L. Anderson Building Remodel. 2024 0.82% $ 3,025,000 to 3,045,000 $9,070,000 $ 6,070,000 Total Infrastructure Sales Surtax Revenue Notes – Governmental Activities $ 6,070,000 122
RkJQdWJsaXNoZXIy MzM3Mjg=