Sarasota County, Florida Notes to Financial Statements September 30, 2024 Notes Payable from Direct Placements – Business-type Activities There were two types of self-supporting revenue notes payable from direct placements outstanding at year-end: Utility System Revenue Refunding Notes and Solid Waste System Revenue and Refunding Notes. The Utility System Revenue Refunding notes, which are secured by a lien upon and pledge of net revenues derived from operation of the County’s Utility 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 and Unamortized Premium Amount Utility System Revenue Bonds, Series 2023 To finance the design, acquisition, and construction of certain water utility assets of the Utility System 2053 5.00% - to 2,615,000 39,020,000 43,245,368 Solid Waste System Revenue Bonds Series 2024 To finance the acquisition of real property to be used for excavating soils and to meet the long term needs of the System. 2039 5.00% 665,000 to 1,455,000 15,770,000 18,060,637 Total Self- Supporting Revenue Bonds - Business-type Activities $431,695,671 131
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