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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 />During FY 2007/08, the county received approximately $18,567,000 in federal funds. These funds
<br />represented 6.89% of all funds received by Indian River County in FY 2007/08.
<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 2002/2003
<br />through 2007/08.
<br />Source: Indian River County Comprehensive Annual Financial Report, 2008
<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
<br />Supplement #_; Adopted November _, 2009, Ordinance 2009-
<br />18
<br />Table 6.4: Indian River County General Revenues By Source
<br />fiscal
<br />Year
<br />Taxes
<br />L icenses Permits&
<br />Intergovernmental
<br />Revenue
<br />Charges for
<br />Services
<br />Fines &
<br />Forfeitures
<br />Miseellaneo
<br />us Revenues
<br />'
<br />Totals
<br />2002/03
<br />$86,120,084
<br />$567,403
<br />$35,213,140
<br />$13,683,108
<br />$1,584,737
<br />$9,703,817
<br />$146,872,289
<br />2003/04
<br />$95,675,370
<br />$1,033,394
<br />$26,588,303
<br />$14,282,587
<br />$1,508,786
<br />$14,545,961
<br />$153,634,401
<br />2004/05
<br />$104,012,925
<br />$1,354,282
<br />$35,973,818
<br />$18,151,546
<br />$1,715,875
<br />$42,170,294
<br />$203,378,740
<br />2005/06
<br />$116,088,548
<br />$1,274,638
<br />$38,261,489
<br />$18,204,600
<br />$2,069,593
<br />$40,182,777
<br />$216,081,645
<br />2006/07
<br />$130,158,069
<br />$896,612
<br />$54,252,074
<br />$18,997,529
<br />$2,403,093
<br />$26,773,753
<br />$233,481,130
<br />2007/08
<br />$119,915,640
<br />$9,904,590
<br />$49,065,955
<br />$18,678,544
<br />$2,137,413
<br />$18,486,026
<br />$218,188,168
<br />Source: Indian River County Comprehensive Annual Financial Report, 2008
<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
<br />Supplement #_; Adopted November _, 2009, Ordinance 2009-
<br />18
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