Sarasota County, Florida Notes to Financial Statements September 30, 2024 Non-self-supporting Revenue Bonds The County issues bonds where the government pledges income derived from the acquired or constructed assets to pay debt service. There were four types of non-self-supporting revenue bonds outstanding at year-end: Infrastructure Sales Surtax Revenue Bonds, Capital Improvement Revenue Bonds, Tourist Development Tax Revenue Bonds and Public Improvement Revenue Bonds. Infrastructure Sales Surtax Revenue Bonds, which are secured by a pledge of the Infrastructure Sales Surtax Revenues, outstanding at year-end were as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount General Obligation Bonds, Series 2019 To finance a portion of the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County. 2038 2.00% to 5.00% $1,435,000 to 2,345,000 $ 32,455,000 28,144,205 $ General Obligation Bonds, Series 2020 To finance the acquisition and improvement of the Legacy Trail Extension. 2039 1.50% to 5.00% 1,060,000 to 1,720,000 24,925,000 23,035,304 Total General 51,179,509 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount Infrastructure Sales Surtax Revenue Bonds, Series 2023 To finance a variety of capital projects realted to advancement, repairs, improvements, or development of County infrastructure, programs, or centers. 2039 5.00% $3,825,000 to 7,575,000 $ 82,540,000 87,160,951 $ Total Infrastructure Sales Surtax Revenue Bonds-Governmental Activities $ 87,160,951 121
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