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Comprehensive Plan Capital Improvements Element
<br />• Various Grants
<br />Table 6.1 shows that funds received in the form of state grants represented 2.47% of funds
<br />received by the county in FY 2010/11. In FY 2010/11, state grant funds received by the county
<br />originated from the State of Florida Division of Emergency Management, the Florida Housing
<br />Finance Corporation, the State of Florida Department of Environmental Protection, the State of
<br />Florida Department of State Division of Library Services, the State of Florida Department of
<br />Transportation, the State of Florida Department of Revenue, and the Department of Health.
<br />Federal Sources
<br />Federal funds are either granted directly to local governments or passed through state agencies for
<br />administration and monitoring. Those 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, those sources will be assumed to remain constant.
<br />During FY 2010/11, the county received approximately $8,744,000 in federal funds. Those funds
<br />represented 4.35% of all funds received by Indian River County in FY 2010/11.
<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. The categories in the state chart of accounts are taxes, licenses and permits,
<br />intergovernmental revenue, charges for services, fines and forfeitures, and miscellaneous revenues.
<br />Table 6.4 identifies the total amount of historic revenue generated from those sources for fiscal years
<br />2005/2006 through 2010/11.
<br />Source: Indian River County Comprehensive Annual Financial Report, 2011 & Indian River County Finance Department
<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
<br />Adopted , 2012, Ordinance 2012 -
<br />Indian River County
<br />18
<br />Table 6.4; Indian River County General Revenues By S©urce
<br />Licenses &
<br />Intergovernmental
<br />Charges for
<br />Fines &
<br />Miscellaneo
<br />ToWs
<br />Fiscal Year
<br />Taxes
<br />Permits.
<br />Revenue
<br />Services
<br />Forfeitures;
<br />us Revenues
<br />2005/06
<br />$116,088,548
<br />$1,274,638
<br />$66,278,020
<br />$68,028,618
<br />$2,069,593
<br />$40,182,777
<br />$293,922,194
<br />2006/07
<br />$130,158,069
<br />$896,612
<br />$64,054,273
<br />$65,111,301
<br />$2,403,093
<br />$26,773,753
<br />$289,397,101
<br />2007/08
<br />$119,915,640
<br />$9,904,590
<br />$60,086,565
<br />$63,355,209
<br />$2,137,413
<br />$18,486,026
<br />$273,885,443
<br />2008/09
<br />$113,689,399
<br />$12,433,598
<br />$39,249,261
<br />$58,384,013
<br />$1,792,517
<br />$8,946,401
<br />$234,495,189
<br />2009/2010
<br />$103,626,726
<br />$11,322,039
<br />$33,503,504
<br />$56,207,941
<br />$852,012
<br />$10,049,583
<br />$215,561,805
<br />2010/2011
<br />$94,718,550
<br />$11,189,393
<br />$30,539,947
<br />$57,408,464
<br />$936,995
<br />$6,243,099
<br />$201,036,448
<br />Source: Indian River County Comprehensive Annual Financial Report, 2011 & Indian River County Finance Department
<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
<br />Adopted , 2012, Ordinance 2012 -
<br />Indian River County
<br />18
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