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C' <br />Revenue Manual <br />Special Revenue Fund <br />Beach Restoration Fund <br />Fund 128 <br />REVENUE Revenues generated from a levy of local option tourist development tax. <br />DESCRIPTION: State Grants for beach renourishment and artificial reefs are also located in this fund. <br />LEGAL AUTHORIZATION Florida Statue 125.0104 <br />FOR COLLECTION: County Code 210.01 <br />RATE: 1 % cents (1'/: �) of the total levy of 4 cents for every dollar paid for tourist <br />accommodations as described below. <br />SOURCE: Recipients of the revenue generated by a person who rents, leases, or <br />lets for consideration any living quarters or accommodations in any <br />hotel, apartment hotel, motel, resort motel, apartment, apartment <br />motel, rooming house, mobile home park, recreational vehicle park, <br />condominium, or timeshare resort for a term of 6 months or less. <br />AUTHORIZED USE <br />METHOD OF <br />PAYMENT: <br />To finance beach improvement, maintenance, renourishment restoration and erosion <br />control, including shoreline protection, enhancement, cleanup, restoration of inland <br />lakes and rivers to which there is public access. <br />Paid by Indian River County dealers to the IRC Clerk of Court. The Clerk of Court <br />deposits the money into this fund. <br />FREQUENCY OF Monthly <br />PAYMENT: <br />APPROXIMATE $610,000 <br />ANNUAL REVENUE: <br />Historical Revenues <br />$900,000 <br />$750,000 $636,645 $653,731 <br />$601,845 <br />$600,000 $496,858 $544,85 <br />$450,000 <br />$300,000-$234,041 <br />$150,000 $101,232 <br />$o 1 11 0 1 $0 <br />2009/10 2010/11 2011/12 2012/13 <br />■ Local Option Tourist Tax ■ State Grants <br />41 <br />$719,326 <br />$285,766 <br />2013/14 <br />