Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Notes to Financial Statements September 30, 2019 Interest Original Outstanding Issue Purpose/Revenue Pledged Maturity Rate Amount Amount Five-Cent Local Option Fuel Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) To advance refund a portion of the County's Five Cent Local Option Fuel Tax Revenue Bonds, Series 2005, maturing on or after October 1, 2016. Secured by a pledge of the revenues from the Five Cent Local Option Fuel Tax 2025 2.29% 9,255,000 $ 5,745,000 $ Revenue Note, Series 2014B (Bank Term Loan) To finance or refinance all or a portion of the costs of improvements to the issuer's 800MHz critical public safety communication system and radios. Secured by a pledge of the Limited Ad Valorem Tax Revenues 2024 2.30% 17,955,000 9,540,000 Limited Ad Valorem Tax Refunding Bond (Environmentally Sensitive Lands and Parkland Program) Series 2014 (Bank Term Loan) To advance refund a portion of the County's Limited Ad Valorem Tax Bonds (Environmentally Sensitive Lands and Parkland Program), Series 2008, maturing on or after October 1, 2019. Secured by a pledge of the Limited Ad Valorem Tax Revenues 2029 2.70% 70,740,000 65,455,000 Communications Services Tax Revenue Refunding Note, Series 2015 (Bank Term Loan) To advance refund a portion of the County's Communications Services Tax Revenue Bonds, Series 2006, maturing on or after October 1, 2017. Secured by a pledge of the revenues from the Communications Services Tax 2026 2.20% 11,430,000 8,160,000 Total Notes Payable from direct placements - Governmental Activities 111,024,000 $ 112