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Ordinance No. 2014-020 Comprehensive Plan Capital Improvements Element Clearing Trust Fund. Those funds are then earmarked for distribution to the governing body of the county and each municipality within the county. Distribution of those monies within the county is determined by a formula that uses a weighting factor based on the population of the incorporated and unincorporated areas and multiplies that factor by 8.8854% of the sales tax proceeds received by the county. In FY 2012/13, Indian River County received $7,829,000 through the half -cent sales tax. As shown in Table 6.1, that amount represented 3.98% of all funds collected by Indian River County during the 2012/13 fiscal year. Figure 6.10 displays the funds made available to Indian River County through the half -cent local government sales tax over the last six fiscal years. Between Fiscal Year 2007/08 and 2008/09, Indian River County's half -cent sales tax revenue significantly decreased and did not return to similar levels until Fiscal Year 2012/13. Occasionally, governments can receive supplemental distributions by meeting special eligibility criteria; however, in no case can the total supplemental and ordinary distribution exceed the maximum per capita amount allowed by law. Governments are allowed wide latitude in using the half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for countywide tax relief or countywide programs. • County Revenue Sharing The current structure of the county revenue sharing program consists of two revenue sources. Those sources include 2.90% of net cigarette tax collections and 2.0603% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation formula. There are no use restrictions on the distributed revenue; however, there are some statutory limitations regarding those funds being used as a pledge for indebtedness. To receive distribution proceeds through the county revenue sharing program, counties must meet the following criteria: (1) Law enforcement officers and firefighters are certified and meet state requirements; Community Development Department Adopted , 2014, Ordinance 2014 - Figure 6.11: County Revenue Sharing $3.000 52.894 $2,900 Sz.sSo $2,800 = $2,700-- $2,600 52.558 $2,576 $2,500 $2,400 $2,300 2008 2009 2010 2011 2012 2013 ■Revenue (n thousands) Source: Indian River County Finance Department Indian River County 14