$15,750,000 PUBLIC IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2021A (FEDERALLY TAXABLE) Amount Outstanding: $14,530,000 FY2024 Debt Service: Principal – $590,000 Interest – $366,329 Maturity Date: October 1, 2043 Interest Rates: 0.664‑3.033% Insured: No Underlying Ratings: Standard & Poor’s AA‑; Fitch AA+ Purpose: The $15,750,000 Public Improvement Revenue Refunding Bonds, Series 2021A dated November 22, 2021 were issued to advance refund all of the County’s outstanding Second Guaranteed Entitlement Revenue Bonds, Series 2013. The refunding resulted in an aggregate difference in debt service of $2.6 million and a net present value savings to the County of $2.0 million. Pledge: The Series 2021A Bonds are secured by a lien upon and pledge of revenue sharing moneys. $20,795,000 PUBLIC IMPROVEMENT REVENUE REFUNDING BONDS, SERIES 2021B Amount Outstanding: $19,430,000 FY2024 Debt Service: Principal – $710,000 Interest – $855,350 Maturity Date: October 1, 2041 Interest Rates: 4.00‑5.00% Insured: No Underlying Ratings: Standard & Poor’s AA‑; Fitch AA+ Purpose: The $20,795,000 Public Improvement Revenue Refunding Bonds, Series 2021B dated December 15, 2021 were issued to refinance certain loans from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. Pledge: The Series 2021B Bonds are secured by a lien upon and pledge of revenue sharing moneys. The Series 2021B Bonds are on parity with the Series 2021A Bonds. $24,575,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2023A Amount Outstanding: $24,575,000 FY2024 Debt Service: Principal – $0 Interest – $1,228,750 Maturity Date: October 1, 2048 Interest Rates: 5.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $24,575,000 Capital Improvement Revenue Bonds, Series 2023A dated June 21, 2023 were issued to finance the design and construction of a new Mosquito Management Facility, a new Emergency Services Administration Building, and to pay off certain loans from the Commercial Paper Loan Program of the Florida Local Government Finance Commission. Pledge: The Series 2023A Bonds are secured by the Half‑Cent Sales Tax Revenues. The Series 2023A Bonds are on parity with the Series 2017, 2018A, 2018B, 2019A, 2019B, 2019C, and 2020 Bonds. 2C – SELF‑SUPPORTING REVENUE DEBT $18,590,000 UTILITY SYSTEM REVENUE BONDS, SERIES 2016A Amount Outstanding: $18,590,000 FY2024 Debt Service: Principal – $0 Interest – $743,600 Maturity Date: October 1, 2043 Interest Rate: 4.00% Insured: No Underlying Ratings: Standard & Poor’s AA+; Fitch AA+ Purpose: The $18,590,000 Utility System Revenue Bonds, Series 2016A dated June 21, 2016 were issued for the purpose of financing the design and construction of facilities expanding and improving the County’s Utility System. Pledge: The Series 2016A Bonds are secured by a prior lien and an irrevocable pledge of net revenues derived from the operation of the Utility System, including income from investment of such net revenues and impact fees imposed by the County on new users connecting to the System. The Series 2016A Bonds are on parity with the Series 2013 Bonds and the Utility System Revenue Refunding Note, Series 2015. 2023 INDEBTEDNESS SarasotaClerk.com 35
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