Sarasota County Comprehensive Annual Financial Report 2019

Nonmajor Debt Service Funds (continued) Capital Improvement Series 2018A – To account for debt service on funds used to refinance a loan from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission, the proceeds of which were used to finance the costs of the acquisition, construction and equipping of the Sheriff’s Office and Administrative Headquarters Facility. Capital Improvement Series 2018B – To account for debt service on funds used to refinance loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. General Obligation Bond, Series 2019 – To account for debt service on funds used to finance a portion of the costs of the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County. Capital Improvement Series 2019A - To account for debt service on funds used to finance the cost of the construction of a new Sheriff’s Office Support Services Facility, to provide for Sheriff’s vehicles maintenance and administrative support functions. Capital Improvement Series 2019B, Series 2019C – To account for debt service on funds used to advance refund all of the County’s outstanding Capital Improvement Bonds, Series 2010A maturing on or after October 1, 2020, all of the County’s outstanding Communications Services Tax Revenue Bonds, Series 2010 maturing on or after October 1, 2020 and all of the County’s outstanding Capital Improvement Bonds, Series 2010B maturing on or after October 1, 2020. Nonmajor Capital Projects Funds Capital projects funds are used to account for the acquisition and construction of major capital facilities other than those financed by proprietary and trust funds. Motor Fuels Taxes - To account for various road projects that are financed by additional local option gas tax. Commercial Paper - To account for road, general government, and public safety projects that are financed by the issuance of commercial paper. Impact Fees - To account for mobility/road, park, library, law enforcement, justice facility, general government, EMS, and Fire projects that are financed by impact fees. Ad Valorem Taxes - To account for ad valorem taxes used to purchase environmentally sensitive land. All Other Capital Projects - To account for all other capital project revenues including grants and cable television franchise fees. Nonmajor Permanent Fund Permanent Funds are used to report resources that are legally restricted to the extent that only earnings, not principal, may be used for purposes that support the reporting government’s programs. Library Endowment - To account for principal endowment amounts and related interest income. The interest portion of the endowments can be expended for purposes as specified by donors. 165