Fiscal Year Gross Revenues Less: Expenses Net Revenue Available Principal Interest Total Coverage Cash Defeasements (2) 2015 106,922 57,304 49,618 8,610 9,746 18,356 2.70 39,145 2016 109,203 57,732 51,471 9,125 7,871 16,996 3.03 48,650 2017 111,984 60,147 51,837 9,325 8,493 17,818 2.91 - 2018 112,789 64,598 48,191 9,525 8,288 17,813 2.71 - 2019 115,321 67,822 47,499 9,740 7,694 17,434 2.72 46,655 2020 121,887 74,083 47,804 9,795 7,465 17,260 2.77 - 2021 131,791 77,824 53,967 10,450 8,328 18,778 2.87 43,365 2022 143,011 86,085 56,926 5,925 8,805 14,730 3.86 - 2023 160,429 95,738 64,691 12,975 16,674 29,649 2.18 - 2024 175,456 108,161 67,295 13,165 17,866 31,031 2.17 - Note: Details regarding the County's outstanding debt can be found in the notes to the financial statements. (1) Statistical presentation is not intended to reflect legal compliance. Therefore, there may be a difference from the other supplemental schedules section. (2) Represents partial redemption of Utility Revenue Bonds, Series 2002A of $4,210,000 and partial redemption of Utility Revenue Bonds, Series 2002B of $3,440,000. In FY15, the Utility Revenue Refunding Note, Series 2015 fully refunded the Utility System Revenue Bonds, Series 2005A. In FY 16, the Utility System Revenue Refunding Bonds, Series 2016B fully refunded the Utility System Revenue Bonds, Series 2007. In FY19, the Utility System Revenue Refunding Bonds, Series 2019A fully refunded the Utility System Revenue Bonds, Series 2010. In FY21, the Utility System Revenue Refunding Bonds, Series 2020B (Federally Taxable) partially refunded the Utility System Revenue Refunding Bonds, Series 2011A and the Utility System Revenue Bonds, Series 2013. (3) In FY15, the Solid Waste Revenue Refunding Note, Series 2015 fully refunded the Solid Waste Revenue Bonds, Series 2005. Sarasota County, Florida Pledged-Revenue Coverage Self-Supporting Revenue Debt Debt Service Last Ten Fiscal Years (dollars in thousands) Utility System Revenue Bonds (1) 316
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