Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Notes to Financial Statements September 30, 2020 Notes Payable from direct placements – Business-type Activities Issue Purpose/ Revenue Pledged Interest Maturity Rate Original Amount Outstanding Amount Utility System Revenue Refunding Note, Series 2012 To refund a portion of the Utility System Revenue Refunding Bond, Series 2011D, maturing on or after October 1, 2022, and certain loans from the State of Florida Department of Environmental Protection. Secured by a pledge of NROUS and LAIF. 2022 1.64% $ 50,290,000 $ 9,135,000 Subordinate Utility System Revenue Refunding Note, Series 2012 To refund all or a portion of certain loans from the State of Florida Department of Environmental Protection. Secured by a pledge of NROUS and LAIF. 2025 2.20% 15,720,000 6,230,000 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 NROUS and LAIF. 2024 2.62% 28,000,000 13,230,000 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 of NROUS. 2023 2.50% 21,690,000 8,640,000 Total Notes Payable from direct placements – Business-type Activities $ 37,235,000 118