Sarasota County, Florida Notes to Financial Statements September 30, 2021 Surtax Revenues, outstanding at year-end was as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Infrastructure To finance the 2024 0.82% $ 3,000,000 $9,070,000 $ 9,070,000 Sales Surtax Revenue Note, acquisition, construction and to 3,045,000 Series 2020 (Bank Term Loan) equipping of improvements to the South County Courts and R.L. Anderson Building Remodel. Total Infrastructure Sales Surtax Revenue Notes – Governmental Activities $ 9,070,000 The Limited Ad Valorem Tax Refunding Bond (Bank Term Loan), which is secured by a pledge of the Limited Ad Valorem Tax Revenues, outstanding at year-end was as follows: Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Limited Ad To advance refund a 2029 2.70% $ 6,105,000 $70,740,000 $ 53,720,000 Valorem Tax Refunding Bond (Environmentally Sensitive Lands and Parkland portion of the County’s Limited Ad Valorem Tax Bonds (Environmentally Sensitive Lands and to 7,345,000 Program), Series 2014 Parkland Program), Series 2008, (Bank Term Loan) maturing on or after October 1, 2019. Total Limited Ad Valorem Tax Bonds – Governmental Activities $ 53,720,000 The Revenue Notes (Bank Term Loans), which are secured by a covenant to annually budget and appropriate funds to pay for debt service from legally available Non-Ad Valorem Revenues, outstanding at year-end were as follows: Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Revenue To finance or 2024 2.78% $ 1,220,000 $12,543,000 $ 3,745,000 Note, Series refinance all or a to 2013A (Bank Term Loan) portion of the acquisition and construction of certain 1,277,000 improvements to Siesta Public Beach. 118
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