Fiscal Year CST Collections Principal Interest Coverage Refunding Local Option Five Cent Gas Tax Collections Principal Interest Coverage Refunding 2013 $ 10,676 $ 2,395 $ 2,635 2.12 - $ 4,291 $ $ 655 $ 439 3.92 - $ 2014 10,765 2,470 2,296 2.26 16,860 4,389 680 278 4.58 8,800 2015 10,216 2,730 1,870 2.22 10,755 4,419 795 240 4.27 - 2016 9,582 2,965 1,875 1.98 - 4,624 825 210 4.47 - 2017 9,974 3,055 1,774 2.07 - 4,697 845 191 4.53 - 2018 9,851 3,130 1,728 2.03 - 4,894 865 172 4.72 - 2019 9,371 2,760 1,099 2.43 - 4,900 885 152 4.73 - 2020 9,005 2,820 479 2.73 - 4,468 905 132 4.31 - 2021 8,278 2,885 408 2.51 - 4,835 925 111 4.67 - 2022 8,713 2,950 335 2.65 - 4,928 950 90 4.74 - Note: Details regarding the County's outstanding debt can be found in the notes to the financial statements. (1) Capital Improvement Revenue Bonds and Capital Improvement Revenue Refunding Bonds, except for the 2002 Series, are secured by a lien upon and an irrevocable pledge of all the monies received by the County from the Local Government Half-Cent Sales Tax distributed to the County pursuant to Chapter 218, Part VI Florida Statutes. (2) Infrastructure Sales Surtax Revenue Refunding Bonds, Series 2014 and 2015 were issued to advance refund the Infrastructure Sales Surtax Bonds, Series 2008B maturing on or after Oct. 1, 2018 and Series 2008A maturing on or after Oct. 1, 2019, respectively. (3) Limited Ad Valorem Tax Refunding Bond, Series 2014 was issued to advance refund the Limited Ad Valorem Bonds, Series 2008 maturing on or after Oct. 1, 2019. (4) 1st Guaranteed Entitlement Revenue Refunding Note principal payments began in FY13, and matured in FY19. (5) (6) CST Revenue Refunding Note, Series 2014 was issued to advance refund the CST Revenue Bonds, 2005A and 2005B maturing on or after October 1, 2016. CST Revenue Refunding Note, Series 2015 was issued to advance refund the CST Revenue Bonds, Series 2006 maturing on or after Oct. 1, 2019. (7) Five-Cent Local Option Fuel Tax Revenue Refunding Note was issued in FY14 to advance refund the Five-Cent Local Option Fuel Tax Revenue Bonds, Series 2005 maturing beginning October, 1, 2016. Second Guaranteed Entitlement Revenue Bonds, Series 2013 were issued in FY14, Advance refund issued 11/22/21 by Public Improvement Rev Ref Bonds, Series 2021A Sarasota County, Florida Pledged-Revenue Coverage Non-Self Supporting Revenue Debt Last Ten Fiscal Years (dollars in thousands) Debt Service Debt Service Communication Services Tax (CST) Revenue Bonds and CST Revenue Refunding Notes (6) Five-Cent Local Option Fuel Tax Revenue Bonds and Five-Cent Local Option Fuel Tax Revenue Refunding Note (7) 294
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