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As more fully described above under "SECURITY FOR THE SERIES 2025 BONDS -- Covenant to Budget and Appropriate," the County has covenanted and agreed in the Bond Resolution, subject to certain restrictions and limitations, to appropriate in its annual budget, by amendment, if necessary, from Non -Ad Valorem Revenues amounts sufficient to pay principal of and interest on the Series 2025 Bonds when due in the manner and to the extent provided in the Bond Resolution and described herein. While the Holders of the Series 2025 Bonds do not have a lien on any specific Non -Ad Valorem Revenues of the County, the County may in the future issue obligations that are secured by and payable from certain of the Non -Ad Valorem Revenues of the County. See "Other Non -Ad Valorem Indebtedness" herein. The County's covenant and agreement to budget and appropriate Non -Ad Valorem Revenues to pay the Series 2025 Bonds are subject to the payment of those debt obligations that are secured by a pledge of any Non -Ad Valorem Revenues. Additionally, as described under "SECURITY FOR THE SERIES 2025 BONDS -- Covenant to Budget and Appropriate," the County's covenant and agreement to appropriate Non -Ad Valorem Revenues to pay the Series 2025 Bonds are also subject to other conditions, including the payment of services and programs which are for essential public purposes affecting the health, safety and welfare of the inhabitants of the County or which are mandated by applicable law, and the obligation of the County to have a balanced budget. The County utilizes fund accounting to demonstrate and ensure compliance with legal, legislative, contractual, and other finance -related provisions. All of the County's funds may be divided into three categories: governmental, proprietary and fiduciary funds. Most of the Non -Ad Valorem Revenues that will be legally available to pay debt service on the Series 2025 Bonds will be accounted for within the County's governmental funds, the largest of which is the County's General Fund. The General Fund is the largest operating fund of the County. Other significant funds within the governmental funds include the Emergency Services District Fund, Optional Sales Tax Fund and the Impact Fee Fund. See Management's Discussion and Analysis contained in "Appendix B — Annual Comprehensive Financial Report for the Fiscal Year ended September 30, 2024" attached hereto. The revenues accounted for in the County's governmental funds can be categorized into seven major categories: taxes, intergovernmental revenues, licenses, permits and fees, charges for services, fines and forfeitures, interest and miscellaneous revenues. Using that organization, the following describes major sources of the County's Non -Ad Valorem Revenues that are accounted for within the County's governmental funds. CERTAIN OF THE NON -AD VALOREM REVENUES DESCRIBED BELOW ARE NOT LEGALLY AVAILABLE TO PAY DEBT SERVICE ON THE SERIES 2025 BONDS. HOWEVER, SUCH NON -AD VALOREM REVENUES MAY BE AVAILABLE TO PAY FOR VARIOUS GOVERNMENTAL SERVICES AND PROGRAMS AND MAY BE AVAILABLE TO PAY DEBT SERVICE ON OTHER 18