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I <br /> i <br /> OUTSIDE AGENCY FUNDING POLICY <br /> B. State Agency Funding Levels <br /> 1. Any Florida Statutes or agreements with State Agencies that addressunding levels will <br /> govern this area. <br /> 2. In the absence of governing statutes or agreements, the County Administrator will <br /> determine a recommended funding level for each State Agency. Increases in allocation <br /> may be on the same basis as provided for nonprofit agencies or on an ther basis. <br /> V. Tourist Development Agencies <br /> In 1987, Indian River County began levying the Tourist Development Tax in accordance with Section <br /> 125.0104, Florida Statutes. Out of the four(4)cents of tourist tax levied within the Cou ty, 1-1/2 cents is <br /> awarded to agencies that promote and advertise tourism in Indian River Coun nationally and <br /> internationally. This policy provides guidelines for funding agencies with Tourist evelopment Tax. <br /> Florida Statutes provide certain requirements for the use of these taxes. This docurn nt outlines other <br /> policies not addressed in the Statutes(Section 125.0104). In the event of a conflict b een the Florida <br /> Statutes and this policy,the Florida Statutes will govern. <br /> A. Tourist Development Agency Application for Funding <br /> 1. In early March of each year, the Budget Office sends out application packets for the <br /> upcoming budget year. These packets are sent out to all tourist devel pment agencies <br /> that received funding in the current year,requested funding for the curre t year,or inquired <br /> about funding any time during the last twelve months. <br /> 2. Completed application packets and all additional documentation must b submitted to the <br /> Budget Office by May 1"in order to be considered for funding in the upcoming budget. <br /> 3. The application packets can be seen in Attachments A and C to thi document. The <br /> application includes a description of the countywide purpose for the funds requested, a <br /> listing of the organization's board of directors, salary information, and various financial <br /> forms. <br /> 4. Certain documentation is required from each agency in addition to the application packet <br /> as shown below. <br /> a. The agency's latest tax return (Form 990) <br /> b. Copy of the Letter of Determination of the agency's nonpro status (section <br /> 501(c)(3) including Federal Identification Number. <br /> C. A statement of agency revenues and expenses for the most recent fiscal year. <br /> d. A balance sheet showing the assets, liabilities,and fund balances of the agency. <br /> e. Copy of the letter from the State of Florida verifying that the agency has complied <br /> with the registration requirements of Chapter496,Florida Statutes,the Solicitations <br /> of Contributions Act. <br /> Approved 2/19/02 <br /> Page 7 <br /> yneadSoft Reprint Date:Wednesday,September 28,2016-13:29:41-OHlcialDocuments:3327,Attachment Id 1,Page 7 <br />