Sarasota County Comprehensive Annual Financial Report 2019

Sarasota County, Florida Notes to Financial Statements September 30, 2019 Summary of Debt Service Requirements to Maturity The total annual debt service requirements to maturity of long-term bonds, notes and commercial paper debt were as follows: Interest Original Outstanding Issue Purpose Maturity Rate Amount Amount Utility System Revenue Refunding Note, Series 2015 To refund the County's Utility System Revenue Refunding Bonds, Series 2005A, maturing on or after October 1, 2016. Secured by a pledge of Net Operating Revenues derived by the operation of the Utility System and lawfully available Impact Fees 2024 2.62% 28,000,000 $ 16,340,000 $ Solid Waste Revenue Refunding Note, Series 2015 To refund the County's Solid Waste System Revenue Refunding Bonds, Series 2005, maturing on or after October 1, 2016. Secured by a pledge on the Net Revenues derived from the ownership and operation of the Solid Waste System 2023 2.50% 21,690,000 11,380,000 49,190,000 $ Total Notes Payable from direct placements – Business-type Year Ended September 30 General Obligation Bonds Notes and Loans Payable General Obligation Commercial Paper Revenue Bonds Total Interest Total Principal & Interest 2020 $ 800,000 $ 13,532,555 $ 511,000 $ 17,415,000 $ 12,894,684 $ 45,153,239 2021 1,180,000 13,865,891 4,065,000 18,195,000 11,379,786 48,685,677 2022 1,240,000 14,210,538 3,765,000 19,045,000 10,141,498 48,402,036 2023 1,300,000 14,565,513 599,000 19,980,000 8,794,459 45,238,972 2024 1,365,000 14,928,832 9,052,000 20,695,000 7,387,664 53,428,496 2025-2029 7,925,000 40,447,790 - 20,170,000 24,785,521 93,328,311 2030-2034 9,630,000 - - 23,585,000 15,073,051 48,288,051 2035-2039 9,015,000 - - 23,710,000 7,935,011 40,660,011 2040-2044 - - - 16,430,000 2,796,618 19,226,618 2045-2049 - - - 8,305,000 490,412 8,795,412 32,455,000 111,551,119 17,992,000 187,530,000 $101,678,704 $451,206,823 Less: Unamortized bond discount - - - (90,364) Plus: Unamortized bond premium 3,929,825 - - 14,299,224 Net Debt $36,384,825 $111,551,119 $17,992,000 $201,738,860 Governmental Activities 116