Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 Notes Payable from direct borrowings – Governmental Activities Purpose/ Interest Issue Revenue Pledged Maturity Rate Five Points Property Five Points property purchased for 2025 5.00% Note the new library to be paid from General Government Revenues. Total Notes Payable from direct borrowings - Governmental Activities $ Original Amount 1,135,188 Outstanding Amount $ 459,563 $ 459,563 Notes Payable from direct placements – Governmental Activities Purpose/ Interest Issue Revenue Pledged Maturity Rate Original Amount Outstanding Amount Revenue Note, Series 2013A (Bank Term Loan) Revenue Note, Series 2014A (Bank Term Loan) Communications Services Tax Revenue Refunding Note, Series 2014 (Bank Term Loan) Five-Cent Local Option Fuel Tax Revenue Refunding Note, Series 2014 (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 covenant to annually budget and appropriate funds to pay for debt service from legally available Non-Ad Valorem Revenues (CB&A). To finance or refinance all or a portion of the acquisition and construction of certain improvements to Bee Ridge Road. Secured by CB&A. 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 Communications Services Tax Revenues (CSTR). 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 Five-Cent Local Option Fuel Tax Revenues. 2024 2.78% $ 12,543,000 $ 4,938,000 2024 2.55% 10,044,000 4,051,000 2025 2.72% 17,690,000 9,280,000 2025 2.29% 9,255,000 4,840,000 114