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ORDINANCE 2007-038
<br />Comprehensive Plan Capital Improvements Element
<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 $19,663,00 M 0.73 1,000 in federal funds during FY 20045/0-56.
<br />These funds represented 74-53.92% of all funds received by Indian River County in FY 20045/0-56,
<br />Overall Revenue Sources
<br />As mandated by state statute, the financial resources of the county are categorized according to the
<br />state Chart of Accounts. These categories include taxes, licenses and permits, intergovernmental
<br />revenue, charges for services, fines and forfeitures, interest, and miscellaneous revenues. Table 6.4
<br />identifies the total amount of historic revenue generated from these sources for fiscal years
<br />199/2000/2001 through 20045/0-56,
<br />Table 6.4: Indian River County General Revenues By Source
<br />Fiscal
<br />Year
<br />Taxes
<br />Licenses &
<br />Permits
<br />Intergovernmenta
<br />I Revenue
<br />Charges for
<br />Services
<br />Fines &
<br />Forfeitures
<br />Miscellaneo
<br />us Revenues
<br />Totals
<br />2000/01
<br />$73,553,625
<br />$493,585
<br />$18,7645102
<br />$111037,594
<br />$1,251,098
<br />$14,727,979
<br />$119,827,983
<br />2001/02
<br />$803488,343
<br />$515,653
<br />$20,802,982
<br />$11,368,399
<br />$1,421,542
<br />$11,600,449
<br />$126,197,368
<br />2002/03
<br />$86,1203084
<br />$5675403
<br />$355213,140
<br />$13,6839108
<br />$1,584,737
<br />$9,703,817
<br />$146,872189
<br />2003/04
<br />$95,675,370
<br />$1,0331394
<br />$2635882303
<br />$14,282,587
<br />1 $11508,786
<br />1 $14,5455961
<br />1 $15396345401
<br />2004/05
<br />1 $104,0121925
<br />$1,3541282
<br />$35,9731818
<br />$18,151,546
<br />$1,715,875
<br />1 $42,170,294
<br />1 $203,3782740
<br />2005/06
<br />1 $1169088,548
<br />$1,274,638
<br />$38,261,489
<br />$181204,600
<br />$250695593
<br />1 $40,182,777
<br />1 $216,081,645
<br />Source: Indian River County Comprehensive Annual Financial Report, 200-56
<br />Figure 6.16 displays the distribution of revenue by the same categories listed in table 6.4 for each of
<br />the last six fiscal years.
<br />Community Development Department Indian River County
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