Sarasota County Consolidated Major Revenue and Debt Report 2019

Contents Page 2019 At A Glance............................................................................................................4 Major Revenue Sources................................................................................................6 Revenue Categories Category 1: Taxes...........................................................................................................7 Category 2: Permits, Fees and Special Assessments.................................... 12 Category 3: Intergovernmental.............................................................................. 15 Category 4: Charges for Services.......................................................................... 19 Category 5: Judgments, Fines and Forfeitures............................................... 22 Category 6: a. Miscellaneous and Capital Contributions.............................................. 23 b. Interest Income................................................................................................ 23 Indebtedness 1. History of Sarasota County Bond Issues........................................................ 26 2. Types of Debt........................................................................................................... 3 1 a. General Obligation Debt.............................................................................. 32 b. Non-Self-Supporting Revenue Debt....................................................... 32 c. Self-Supporting Revenue Debt.................................................................. 35 3. Sarasota County Bonded Debt Last Ten Fiscal Years.............................. 37 4. Comparison of Outstanding Bonded Debt and Debt Ratios with Other Florida Counties......................................................................................... 38 5. Commercial Paper Loan Program and Bank Term Loans....................... 39 6. Loans and Financing ............................................................................................44 a. State Revolving Fund Loan.........................................................................44 b. Conduit Financing..........................................................................................44 7. Arbitrage....................................................................................................................46 • O F F I C E O F T H E I N S P E C T O R G E N E R A L • C L E R K O F T H E C I R C U I T C O U R T A N D C O U N T Y C O M P T R O L L E R S A R A S O T A C O U N T Y • S T A T E O F F L O R I D A • K A R E N E . R U S H I N G • CONSOLIDATED MAJOR REVENUE AND DEBT REPORT SARASOTA COUNTY, FLORIDA FISCAL YEAR ENDED SEPTEMBER 30, 2019