Sarasota County borrows money to pay for the construction of major facilities or the purchase of equipment. A majority of the county's debt is in the form of bonds, allowing repayment over time. As Sarasota County's Chief Financial Officer, the Clerk and Comptroller monitors debt while ensuring the timely payment of debt service obligations, and the accurate accounting of all debt transactions.
The Digital Assurance Certification, LLC (DAC Bond) system is used to meet ongoing disclosure requirements under the Continuing Disclosure Rules promulgated by the Securities Exchange Commission [SEC Rule 15c2-12, as amended]. All information filings, including Sarasota County's official statements, disclosure information, and annual financial statements can be found on the DAC Bond website, linked below.
Below, please find supplemental information intended to help citizens further understand Sarasota County debt.