Sarasota County, Florida Notes to Financial Statements September 30, 2021 Capital Improvement Revenue Refunding Bonds, Series To advance refund all of the County’s Capital Improvement Revenue Bonds, Series 2010B, 2040 3.00% to 5.00% 5,000 to 1,035,000 10,215,000 11,004,597 2019C maturing on or after October 1, 2020. Capital Improvement Revenue Bonds, Series To finance the construction of the Downtown Cooling Plant, Facilities 2040 2.00% to 5.00% 230,000 to 1,420,000 18,785,000 21,514,198 2020 Energy Conservation Measures Upgrades and East Jail Controls Upgrade. Total Capital Improvement Revenue Bonds – Governmental Activities $119,157,040 Total Non-self-supporting Revenue Bonds – Governmental Activities $182,793,432 Commercial Paper Commercial paper loans are borrowed for a period of up to five years. The principal payments are set by Resolution for each loan during the financing process. Each note is issued defining the principal repayment dates and amounts. The variable interest rate is paid based on the sales of taxable commercial paper and is reset on a monthly basis. Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Florida Local Government Finance Commission, Pooled Commercial Paper Program General government capital projects, including buildings, roads and environmental lands. 2026 Variable $ 2,730,000 to 16,365,000 $43,319,000 $ 42,288,000 Total Commercial Paper Debt – Governmental Activities $ 42,288,000 Notes Payable from direct borrowings – Governmental Activities Annual Principal Interest Installment Issue Purpose Maturity Rate Range Original Principal Amount Outstanding Principal Amount Five Points Property Note Five Points property purchased for the new library to be paid from General Government Revenues. 2025 5.00% $ 78,538 to 97,514 $1,135,188 $ 386,672 Total Notes Payable from Direct Borrowings – Governmental Activities $ 386,672 116
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