Maximum Combined Annual Maximum Fiscal Bond Service Limited Tax Pro-Forma Debt Year Requirement (1) Revenues (2) Service Coverage 2018 $ 7,561,180 $ 13,641,906 1.80X 2019 7,561,180 14,632,763 1.94 2020 7,561,180 16,364,185 2.16 2021 7,561,180 17,523,847 2.32 2022 7,561,180 20,599,637 2.72 2023 7,561,180 23,535,377 3.11 (1) (2) Assumes a full levy of 0.25 mill on all non-exempt property in the County based on Fiscal Year Taxable Assessed Valuation. Source: Prepared by the County based on the Official Statement Sarasota County, Florida Pro Forma Debt Service Coverage Limited Ad Valorem Tax Bonds, Series 2005, Series 2010 and Series 2014 (Environmentally Sensitive Lands Protection Program) September 30, 2023 For fiscal years prior to 2020, included maximum combined annual debt service on the Series 2005 Bonds, Series 2010 and the 2014 Refunding Notes. The Series 2005 Bonds and the Series 2010 Refunding Note were paid in full in the fiscal year ended September 30, 2019. 318
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