Sarasota County Debt Management Policy - Resolution 2021-184

Sarasota County Debt Management Policy 1. A history and brief description of all outstanding bonds, 2. A review of the County's bonded debt over the last ten years and a comparison of the County's debt to that of other similarly populated counties in Florida, 3. Information on the Commercial Paper Loan Program, Bank Loans, the State Revolving Fund Program or other similar programs, and debt issued through the conduit financing programs, 4. Information on arbitrage with accompanying schedules to provide a brief history of debt affected by arbitrage, the financial impact, and the current status. B. REPORT TO DEBT HOLDERS The Clerk and Comptroller shall prepare and release to all interested parties the Annual Comprehensive Financial Report which will act as the ongoing disclosure document required under the Continuing Disclosure Rules promulgated by the Securities Exchange Commission (SEC) Rule 15c2-12 (The Rule). This report shall contain general and demographic information on the County and a discussion of: 1. General Government, 2. Solid Waste System, 3. Water and Wastewater Utility System, 4. Stormwater Utility System, and 5. Any additional systems that may subsequently be established by the Board. The information presented on General Government and on each enterprise system shall comply with the disclosure obligations set forth in the Continuing Disclosure Agreements executed in connection with its outstanding debt obligations and may include information, including but not limited to, the following: service areas, rates and charges, financial statement excerpts, outstanding and proposed debt, a summary of certain bond resolution provisions, a management discussion of operations, and other information the County shall deem to be important. The specific information required to be updated annually is included in each relevant Continuing Disclosure Agreement. The report shall also include Notes to the Financial Statements and, to the extent available, information on conduit debt obligations issued by the County on behalf of another entity. 11