Sarasota County, Florida Notes to Financial Statements September 30, 2023 The Five-Cent Local Option Fuel Tax Revenue Refunding Note, which is secured by a pledge of the FiveCent Local Option Fuel Tax Revenues, outstanding at year-end was as follows: The Infrastructure Sales Surtax Revenue Note, which is secured by a pledge of the Infrastructure Sales Surtax Revenues, outstanding at year-end was as follows: Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Communications Services Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) To advance refund a portion of the Countys Communications Services Tax Revenue Bonds, Series 2005A and Series 2005B, maturing on or after October 1, 2016 2025 2.72% $1,895,000 to 1,950,000 $17,690,00 $3,845,000 Communications Services Tax Revenue Refunding Note, Series 2015 (Bank Term Loan) To advance refund a portion of the Countys Communications Services Tax Revenue Bonds, Series 2006, maturing on or after October 1, 2017. 2026 2.20% 1,190,000 to 1,245,000 11,430,000 3,650,000 Total Communications Services Tax Revenue Notes - Governmental Activities $7,495,000 Issue Purpose Maturity Interest Rate Annual Principal Installment Range Original Principal Amount Outstanding Principal Amount Five-Cent Local Option Fuel Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) To advance refund a portion of the Countys Five-Cent Local Option Fuel Tax Revenue Bonds, Series 2005, maturing on or after October 1, 2016. 2025 2.29% $990,000 to 1,010,000 $ 9,255,000 $ 2,000,000 Total Five-Cent Local Option Fuel Tax Revenue Notes - Governmental Activities $ 2,000,000 123
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