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Comprehensive Plan Capital Improvements Element <br />From each license, $1.50 is deducted by the Department of Highway Safety and Motor Vehicles. The <br />remaining balance is deposited into the License Tax Collection Trust Fund for distribution to units of <br />local government. A county government is eligible to receive proceeds from this tax if taxable mobile <br />home units are located in its unincorporated area. An authorized use of the proceeds is not specified <br />in the current law. <br />Table 6.1 shows that funds received through the mobile home license tax represented 0.07% of all <br />revenue received by Indian River County in FY 2003/04. Figure 6.15 shows that, over the last six <br />fiscal years, mobile home license tax revenue received by Indian River County decreased overall by <br />4.67% <br />• Various Grants <br />Table 6.1 shows that funds received in the <br />form of state grants represented 2.30% of <br />funds received by the county in FY 2003/04. <br />State grant funds received by the county in <br />FY 2003/04 originated from the State of <br />Florida Department of Community Affairs, <br />the Florida Housing Finance Corporation, the <br />State of Florida Department of <br />Environmental Protection, the State of <br />Florida Department of State Division of <br />Library and Information Services, the State <br />of Florida Department of Transportation, the <br />State of Florida - Office of State Courts <br />Administrator, the State of Florida <br />Commission for the Transportation <br />Disadvantaged, the Department of Health <br />and Rehabilitative Services, the Department <br />of Agriculture and Consumer Services, and the F <br />Figure 6.15: Mobile Home License Tax Revenue <br />$160 <br />$140 <br />$120 <br />$100 <br />$80 <br />$60 <br />$40 <br />$20 <br />$- <br />1999 2000 2001 2002 2003 2004 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />lorida Fish and Wildlife Conservation Commission. <br />Federal Sources <br />Federal funds are either granted directly to local governments or passed through state agencies for <br />administration and monitoring These grants are usually distributed on a competitive basis rather than <br />by formula allocations, thereby making projections of future revenues difficult. For the purpose of <br />revenue projections, these sources will be assumed to remain constant. <br />The county received approximately $9,577,000 in federal funds during FY 2003/04. These funds <br />represented 4.75% of all funds received by Indian River County in FY 2003/04. <br />Community Development Department Indian River County <br />Supplement #_; Ordinance 2005- <br />17 <br />