Sarasota County, Florida Notes to Financial Statements September 30, 2024 Tourist Development Tax Revenue Bonds, which are secured by a pledge of Tourist Development Tax Revenues, outstanding at year-end were as follows: Public Improvement Revenue Bonds, which are secured by a pledge of revenue sharing moneys, 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 Tourist Development Tax Revenue Bonds, Series 2024A To finance a grant that will be made by the County to Mote Marine Laboratory Inc. "Mote" to be used to pay for the construction of an aquarium to be owned and operated by Mote. 2043 4.00% to 5.00% $495,000 to 1,045,000 $14,640,000 $15,997,940 $15,997,940 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal and Unamortized Premium Amount Public Improvement Revenue Refunding Bonds, Series 2021A (Federally Taxable) To advance refund all of the County's outstanding Second Guaranteed Entitlement Revenue Bonds, Series 2013. 2043 1.398% to 3.033% $595,000 to 930,000 $15,750,000 $13,940,000 Public Improvement Revenue Refunding Bonds, Series 2021B To refinance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. 2041 4.00% to 5.00% 740,000 to 1,500,000 20,795,000 22,039,925 Total Public Improvement Revenue Bonds - Governmental Activities $35,979,925 Total Bonds - Governmental Activities $383,009,328 125
RkJQdWJsaXNoZXIy MzM3Mjg=