Sarasota County, Florida Notes to Financial Statements September 30, 2022 The Solid Waste System Revenue notes, which are secured by a lien upon and pledge of net revenues derived from operation of the County’s Solid Waste System and lawfully available impact fees, outstanding at year-end were as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Solid Waste System Revenue Refunding Note, Series 2015 To refund the County’s Solid Waste System Revenue Refunding Bonds, Series 2005, maturing on or after October 1, 2016. 2023 2.50% $ 2,950,000 $21,690,000 $ 2,950,000 Solid Waste System Revenue Note, Series 2021 To finance the acquisition and construction of the County’s Central Solid Waste Phase III Landfill and other improvements to its Solid Waste System. 2040 2.15% 1,580,000 to 2,220,000 31,975,000 31,975,000 Total Solid Waste System Revenue Notes – Business-type Activities $ 34,925,000 Total Notes Payable from direct placements – Business-type Activities $71,620,000 127
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