Sarasota County, Florida Notes to Financial Statements September 30, 2021 Annual Principal Original Outstanding Interest Installment Principal Principal Issue Purpose Maturity Rate Range Amount Amount Revenue Revenue Refunding 2,950,000 Refunding Bonds, Series 2005, Note, Series maturing on or after 2015 October 1, 2016. Solid Waste To finance the 2040 2.15% 1,580,000 31,975,000 31,975,000 System acquisition and to Revenue construction of the 2,220,000 Note, Series County’s Central Solid 2021 Waste Phase III Landfill and other improvements to its Solid Waste System. Total Solid Waste System Revenue Notes – Business-type Activities $ 37,805,000 Total Notes Payable from direct placements – Business-type Activities $87,045,000 E. Summary of Debt Service Requirements to Maturity The total annual debt service requirements to maturity of long-term bonds, notes and commercial paper were as follows: Governmental Activities General General Notes and Obligation Total Year Ending Obligation Loans Commercial Revenue Total Principal September 30 Bonds Payable Paper Bonds Interest and Interest 2022 $ 2,155,000 $17,210,538 $ 5,541,000 $ 19,275,000 $11,930,813 $ 56,112,351 2023 2,260,000 17,590,513 2,730,000 20,215,000 10,487,637 53,283,150 2024 2,370,000 17,973,832 8,723,000 20,940,000 8,981,661 58,988,493 2025 2,495,000 10,887,513 16,365,000 4,915,000 7,420,879 42,083,392 2026 2,615,000 8,075,276 8,929,000 4,825,000 6,795,017 31,239,293 2027-2031 15,055,000 21,485,000 - 26,790,000 25,667,009 88,997,009 2032-2036 18,100,000 - - 30,890,000 15,069,533 64,059,533 2037-2041 9,685,000 - - 28,715,000 6,218,422 44,618,422 2042-2046 - - - 11,740,000 1,709,550 13,449,550 2047-2051 - - - 2,175,000 83,794 2,258,794 54,735,000 93,222,672 42,288,000 170,480,000 $94,364,315 $455,089,987 Less: Unamortized - - - 78,130 bond discount Plus: Unamortized 6,294,562 - - 12,391,562 bond premium Net Debt $ 61,029,562 $93,222,672 $ 42,288,000 $182,793,432 122
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