Sarasota County Comprehensive Annual Financial Report 2020

Sarasota County, Florida Infrastructure Sales Surtax Revenue Bonds, 2014, 2015 and 2018 and Infrastructure Sales Surtax Revenue Note, 2020 Continuing Disclosure September 30, 2020 Historical Receipts of Infrastructure Sales Surtax Revenues Infrastructure Sales Surtax Percent Fiscal Year Revenues Change 2011 $ 27,069,391 8.25 % 2012 27,440,370 1.37 2013 27,430,933 (1) (0.03) 2014 33,612,008 (1) 22.53 2015 34,056,096 1.32 2016 35,809,799 5.15 2017 36,689,825 2.46 2018 39,350,406 7.25 2019 41,686,338 5.94 2020 40,165,462 (3.65) Pro-Forma Debt Service Coverage Maximum Combined Fiscal Annual Infrastructure Sales Surtax Pro-Forma Debt Year Debt Service Revenues Service Coverage 2016 $ 13,376,931 (2) $ 35,809,799 2.71X 2017 13,235,950 (2) 36,689,825 2.77 2018 17,239,950 (2) 39,350,406 2.28 2019 17,254,000 (2) 41,686,338 2.42 2020 20,328,524 (3) 40,165,462 1.98 (1) Fiscal year 2013 has eleven months of revenue and fiscal year 2014 includes thirteen months of revenue. (2) Includes maximum combined annual debt service on the Series 2014, 2015 and 2018 Bonds. (3) Includes maximum combined annual debt service on the Series 2014, 2015 and 2018 Bonds and the Series 2020 Note. 315