Sarasota County, Florida Notes to Financial Statements September 30, 2021 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: Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Utility System Revenue Refunding Note, Series 2012 To refund a portion of the Utility System Revenue Refunding Bond, Series 2011D, maturing on or after October 1, 2022, and certain loans from the State of Florida Department of Environmental Protection. 2022 1.64% $ 4,405,000 $ 50,290,000 $ 4,405,000 Utility System Revenue Refunding Note, Series 2015 To refund the County’s Utility System Revenue Refunding Bonds, Series 2005A, 2024 2.62% 3,280,000 to 3,415,000 28,000,000 10,030,000 maturing on or after October 1, 2016. Subordinate To refinance the 2036 1.54% 780,000 36,740,000 34,805,000 Utility System Revenue County’s loans from the State of Florida to 5,010,000 Refunding Note, Series Department of Environmental 2021 Protection related to the County’s water and sewer Utility System and to refund the outstanding County Subordinate Utility System Revenue Refunding Note, Series 2012. Total Utility System Revenue Notes – Business-type Activities $ 49,240,000 The Solid Waste System Revenue notes, which are secured by a lien upon and pledge of net revenues derived from operation of the County’s Solid Waste System and lawfully available impact fees, outstanding at year-end were as follows: Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Solid Waste To refund the County’s 2023 2.50% $ 2,880,000 $21,690,000 $ 5,830,000 System Solid Waste System 121 to
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