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FUNDING <br />The SHIP program is funded by documentary stamp tax revenues collected and distributed by the <br />State. <br />ALTERNATIVES <br />The Board of County Commissioners has two alternatives with respect to the SHIP Annual Reports. <br />Those are: <br />• To approve the attached SHIP Annual Reports and direct staff to submit the reports to the <br />Florida Housing Finance Corporation. <br />• Not to approve the attached SHIP Annual Reports. <br />Choosing the second alternative, however, would cause the county to become ineligible to receive <br />additional SHIP funds. Staff supports the first alternative. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the attached SHIP annual <br />reports and authorize the Chairman to sign the reports' Certification pages. <br />Attachments: <br />1. SHIP Funds and Applicants Information Summary <br />2. SHIP Annual Report for FY 2011-2012(Closeout report) <br />3. SHIP Annual Report for FY 2012-2013 (Interim report) <br />4. SHIP Annual Report for FY 2013-2014(Interim report) <br />5. Certification Forms <br />Indian River Co, <br />Approved <br />Date <br />Admin. <br />R <br />y /�i/ <br />Legal <br />87. 14 <br />Budget <br />Vj�21j14 <br />Dept. <br />e/7///y <br />Risk Mgr. <br />Approved Agenda Item: <br />By. * _ I cip7i �f <br />Fri 3 ,,- Vdly <br />F:1Community Development\SHIP\Annual Reports\2014 AR\IRC SHIP 2014 Annual Report -BCC.doc <br />3 <br />54 <br />