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CITY OF SUNNY ISLES BEACH, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS <br />FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 <br />NOTE 6 — LONG-TERM LIABILITIES (CONTINUED) <br />PLEDGED REVENUES <br />The City's debt is collateralized by multiple sources. The following table provides the <br />revenue pledged for each debt issuance, the amounts of such revenue received in the current <br />year, the current year principal and interest paid on the debt, the date through which the <br />revenue is pledged under the debt agreement, and the total pledged future revenue for each <br />debt, which is the amount remaining of principal and interest on the indebtedness at <br />September 30, 2023: <br />Debt Issue <br />Governmental activities: <br />Bank of America <br />Promissory note, <br />and the 2012 <br />Series Capital <br />Improvement Revenue <br />Refunding Bonds <br />2011 Series Capital <br />Improvement Revenue <br />Refunding Bonds <br />Business -type activities: <br />2013 Series Stormwater <br />Utility Revenue <br />Refunding Bonds <br />Pledged Revenue <br />Revenue Received <br />Future <br />Maturities <br />Principal Principal and Pledged <br />Interest Paid Interest Through <br />Legally available <br />non -ad valorem <br />revenues $ 36,266,739 $ 2,586,153 $ 8,837,454 2029 <br />Half -cent sales tax $ 2,417,438 $ 810,665 $ 3,199,751 2027 <br />Stormwater utility <br />fees $ 1,308,002 $ 242,872 $ -- 2023 <br />48 <br />