Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Communication Services Tax Revenue Bonds Series 2010, and Communication Services Tax Revenue Refunding Note, Series 2014 and 2015 Continuing Disclosure September 30, 2020 Historical Receipts of Communications Services Tax Revenues Communication Services Tax Percent Fiscal Year Revenues Change 2011 $ 10,538,700 (0.48) % 2012 10,734,887 1.86 2013 10,675,572 (0.55) 2014 10,764,661 0.83 2015 10,216,291 (5.09) 2016 9,581,789 (6.21) 2017 9,973,816 4.09 2018 9,851,002 (1.23) 2019 9,370,896 (4.87) 2020 9,004,682 (3.91) Pro-Forma Debt Service Coverage Maximum Combined Annual Debt Service (1)(2) Communication Services Tax Revenues for the Fiscal Year Ended September 30, 2020 Pro-Forma Debt Service Coverage $ 3,292,956 $ 9,004,682 2.73X (1) Includes maximum combined annual debt service on the Series 2010 Bonds, Series 2014 and the 2015 Refunding Notes. (2) The Series 2010 Bonds were advance refunded in the fiscal year ended September 30, 2019. 314