Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Notes to Financial Statements September 30, 2019 Notes Payable from direct borrowings – Governmental Activities Notes Payable from direct placements – Governmental Activities Five Points Property Note Five Points property purchased for the new library to be paid from general government revenues 2025 5.00% 1,135,188 $ 527,119 $ Total Notes Payable from direct borrowings - Governmental Activities 527,119 $ Outstanding Amount Issue Purpose Revenue Pledged Maturity Interest Rate Original Amount Interest Original Outstanding Issue Purpose/Revenue Pledged Maturity Rate Amount Amount Revenue Note, Series 2013A (Bank Term Loan) To finance or refinance all or a portion of the acquisition and construction of certain improvements to Siesta Public Beach. Secured by a lien upon and a pledge of the Non-Ad Valorem Revenues actually budgeted and appropriated, including income from investment of net revenues 2024 2.78% 12,543,000 $ 6,104,000 $ Revenue Note, Series 2014A (Bank Term Loan) To finance or refinance all or a portion of the acquisition and construction of certain improvements to Bee Ridge Road. Secured by a lien upon and a pledge of the Non-Ad Valorem Revenues actually budgeted and appropriated, including income from investment of net revenues 2024 2.55% 10,044,000 5,010,000 Communications Services Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) To advance refund a portion of the County's Communications Services Tax Revenue Bonds, Series 2005A and Series 2005B, maturing on or after October 1, 2016. Secured by a pledge of the revenues from the Communications Services Tax 2025 2.72% 17,690,000 11,010,000 111