Sarasota County Comprehensive Annual Financial Report 2019

Maximum Combined Annual Maximum Fiscal Bond Service Limited Tax Pro-Forma Debt Year Requirement (1) Revenues (2) Service Coverage 2015 7,561,180 $ 10,864,588 $ 1.44X 2016 7,561,180 11,635,531 1.54 2017 7,561,180 12,615,526 1.67 2018 7,561,180 13,641,906 1.80 2019 (3) 7,561,180 14,632,763 1.94 (1) (2) (3) 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 September 30, 2019 Sarasota County, Florida Limited Ad Valorem Tax Bonds, Series 2005, Series 2010 and Series 2014 (Environmentally Sensitive Lands Protection Program) Pro Forma Debt Service Coverage Includes 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. 308