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Comprehensive Nan Capital Improvements Element <br />To receive distribution proceeds through the county revenue sharing program, counties must meet the <br />following criteria: <br />(1) Law enforcement officers and <br />firefighters are certified and meet state <br />requirements; <br />(2) Certification of taxable value for a <br />property tax levy is made in a timely <br />and correct manner to the Department of <br />Revenue; <br />(3) <br />The county's most recent financial <br />reports must have been sent to the <br />Department of Financial Services, and <br />post audits of those statements and <br />accounts must have been provided. <br />Table 6.1 shows that county revenue sharing <br />funds represented 1.48% of all funds collected <br />by Indian River County in FY 2013/14. Figure 6.11 shows that, between Fiscal Year 2008/09 and <br />2011/14, Indian River County's revenue sharing gradually increased and did not return to similar <br />levels until Fiscal Year 2012/13. <br />Figure 6.11: County Revenue Sharing <br />by FY <br />$3,500 <br />$3,000 <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$ - <br />1 <br />I • II IN • • I <br />■ ■ ■ ■ ■ <br />I NI NI II•• I <br />1 III • I i • , <br />08/09 09/10 10/11 11/12 12/13 13/14 <br />• Revenue (in thousands) <br />Source: Indian River County Finance Department <br />• Constitutional Fuel Tax <br />The constitutional fuel tax is defined as an <br />excise or license tax of two cents per gallon of <br />motor fuel, imposed upon the first sale or first <br />removal from storage (after importation into <br />Florida). Revenues from this levy become <br />state funds at the time of collection by the <br />refiner, importer or wholesaler. <br />In its current form, the constitutional fuel tax <br />is a state -shared revenue source for counties <br />only. Applying a distribution formula, the <br />state allocates proceeds to counties to the <br />extent necessary to comply with all <br />obligations to or for the benefit of holders of <br />bonds, revenue certificates, and tax <br />anticipation certificates or any refunds secured <br />FIGURE 6.12: Constitutional Fuel Tax <br />Revenue by FY <br />$1,640 <br />$1,630 <br />$1,620 <br />$1,610 <br />$1,600 <br />$1,590 <br />$1,62 <br />$1,580 $1 <br />$1,570 <br />$1,560 <br />$1,550 <br />$1,540 <br />,57 <br />$1,593 <br />$1,597 <br />lerMI MI MI <br />MI III IN MI <br />08/09 09/10 10/11 11/12 12/13 13/14 <br />• Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Community Development Department <br />Adopted t c • 1 , 2015, Ordinance 2015- 01/ <br />Indian River County <br />15 <br />