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a 1/21/87(B3.2)LEGAL(Bnm) INDIAN RIVER COUNTY, FLORIDA Prepared by: Public Works Department January, 1987 In conformance with Florida Statutes, Section 125.0104, 1985, as amended by Chapter 86-4, Laws of Florida, the following Report is prepared to project anticipated tourist tax revenues to be collected in Indian River County, Florida for the 2 -year period fiscal year 1987/1988 and 1988/1989 and to allocate the revenue to tourist development projects as approved by the Indian River County Tourist Development Council. Revenue Projections - as prepared by the State of Florida Department of Revenue Yearly transient rental facilities taxable sales $12,586,000.00 Proposed tourist development tax (2%) x .02 -------------- $ 2510720.00 2 -year revenue x 2 -------------- Projected Revenue $ 503,440.00 Proposed_ Project Expenditures Fiscal Year 1987/1988 and 198871989 Proposed tourist development tax collection will be countywide, however, the County will be divided into two Districts. District 1 will include the incorporated area within the City of Vero Beach and District 2 will include the remaining unincorporated and incorporated lands within Indian River County. The following prioritized program of presented.0 expenditures is TOURIST DEVELOPMENT TAX PROGRAM REPORT Anticipated Revenue and Program for Expenditures for Fiscal Year 1987/1988 and 1988/1989 Prepared by: Public Works Department January, 1987 In conformance with Florida Statutes, Section 125.0104, 1985, as amended by Chapter 86-4, Laws of Florida, the following Report is prepared to project anticipated tourist tax revenues to be collected in Indian River County, Florida for the 2 -year period fiscal year 1987/1988 and 1988/1989 and to allocate the revenue to tourist development projects as approved by the Indian River County Tourist Development Council. Revenue Projections - as prepared by the State of Florida Department of Revenue Yearly transient rental facilities taxable sales $12,586,000.00 Proposed tourist development tax (2%) x .02 -------------- $ 2510720.00 2 -year revenue x 2 -------------- Projected Revenue $ 503,440.00 Proposed_ Project Expenditures Fiscal Year 1987/1988 and 198871989 Proposed tourist development tax collection will be countywide, however, the County will be divided into two Districts. District 1 will include the incorporated area within the City of Vero Beach and District 2 will include the remaining unincorporated and incorporated lands within Indian River County. The following prioritized program of presented.0 expenditures is