Sarasota County, Florida Notes to Financial Statements September 30, 2021 Revenue To finance or 2024 2.55% 1,002,000 10,044,000 3,071,000 Note, Series refinance all or a to 2014A (Bank Term Loan) portion of the acquisition and construction of certain 1,046,000 improvements to Bee Ridge Road. Revenue To finance or 2024 2.48% 1,905,000 17,955,000 5,850,000 Note, Series refinance all or a to 2014B (Bank Term Loan) portion of the costs of improvements to the issuer’s 800MHz 1,995,000 critical public safety communication system and radios. Total Revenue Notes (Bank Term Loans) – Governmental Activities $ 12,666,000 Total Notes Payable from direct placements – Governmental Activities $ 92,836,000 D. Business-type Activity Debt Business-type activity debt at year-end consisted of self-supporting revenue bonds and notes payable from direct placements. Self-supporting Revenue Bonds The County issues Utility System bonds 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. Self-supporting revenue bonds outstanding at year-end were as follows: Outstanding Principal Annual and Principal Original Unamortized Interest Installment Principal Premium Issue Purpose Maturity Rate Range Amount Amount Utility System Revenue Refunding Bonds, Series 2011B To advance refund a portion of the Utility System Series 2002C Bonds. 2022 3.25% $ 505,000 $4,435,000 $ 506,469 Utility System Rev. Bonds, Series 2013 To acquire facilities expanding the County’s Utility System. 2023 5.00% 795,000 to 835,000 35,600,000 1,679,266 Utility System Revenue Bonds, Series 2016A To finance the engineering, design, and improvements to various facilities 2043 4.00% 5,955,000 to 6,440,000 18,590,000 19,807,196 expanding and improving the County’s Utility System. 119
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