Sarasota County Consolidated Major Revenue and Debt Report 2019

NEW DEBT During the Fiscal Year 2019, Sarasota County issued five new bonds: $38,725,000 Utility System Revenue Refunding Bonds, Series 2019A to advance refund all of the County’s Utility System Revenue Bonds, Series 2010 maturing on or after October 1, 2020. $15,085,000 Capital Improvement Revenue Bonds, Series 2019A to finance the cost of the construction of a new Sheriff’s Office Support Services Facility, to provide for Sheriff’s vehicle maintenance and administrative support functions. $19,385,000 Capital Improvement Revenue Refunding Bonds, Series 2019B to advance refund all of the County’s outstanding Capital Improvement Revenue Bonds, Series 2010A maturing on or after October 1, 2020 and all of the County’s outstanding Communications Services Tax Revenue Bonds, Series 2010 maturing on or after October 1, 2020. $32,455,000 General Obligation Bonds (Legacy Trail Project), Series 2019 to finance a portion of the costs of the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County. $10,215,000 Capital Improvement Revenue Refunding Bonds, Series 2019C to advance refund all of the County’s outstanding Capital Improvement Revenue Bonds, Series 2010B maturing on or after October 1, 2020. The County issued $25,795,000 in Commercial Paper for various projects. Sarasota County has total outstanding debt of $628.9 million for fiscal year 2019, which is an increase of $28.9 million from the prior year. The County monitors its outstanding debt in relation to the debt market, when cost savings can be realized the debt will be refunded. SarasotaClerk.com 5