|
Comprehensive Plan Capital Improvements Element
<br />• Various Grants
<br />Table 6.1 shows that funds received in the form of state grants represented 3.06% of funds
<br />received by the county in FY 2013/14. Those state grant funds received by the county originated
<br />from the Division of Emergency Management, the Department of Economic Opportunity, the
<br />Florida Housing Finance Corporation, the Florida Department of State, the Florida Department of
<br />Environmental Protection, the , the Florida Department of Transportation, the Florida Fish and
<br />Wildlife Conservation Commission, the Florida Department of Revenue, and the Florida
<br />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 forecasts of future revenues difficult. For the purpose of
<br />revenue forecasts, those sources will be assumed to remain constant.
<br />During FY 2013/14, the county received approximately $8,944,000 in federal funds. Those funds
<br />represented 4.29% of all funds received by Indian River County in FY 2013/14.
<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 />2008/09 through 2013/14.
<br />Table 6.4: Indian
<br />River County General Revenues By Sour a ,v F ."
<br />rn
<br />Fiscal Year
<br />Taxes
<br />Licenses &,
<br />PernlitsT •
<br />" lntergoyernmemal
<br />Revenue
<br />Charges for
<br />'Service
<br />Finet C:
<br />Forfeitu
<br />Migt
<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 />2011/2012
<br />$90,472,569
<br />$11,486,235
<br />$29,832,306
<br />$57,664,910
<br />$739,275
<br />$6,549,861
<br />$196,745,156
<br />2012/2013
<br />$88,005,422
<br />$12,769,844
<br />$30,800,036
<br />$59,536,566
<br />$778,575
<br />$4,934,481
<br />$196,824,924
<br />2013/2014
<br />$94,585,345
<br />$14,321,389
<br />$30,873,889
<br />$63,414,219
<br />$1,004,374
<br />$4,141,341
<br />$208,340,557
<br />Source: Indian River County Comprehensive Annual Financial Report, 2013 & Indian River Co
<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 i e e . t , 2015, Ordinance 2015- 017
<br />Indian River County
<br />18
<br />
|