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Comprehensive Plan Capital Improvements Element 0 County Revenue Sharing The current structure of the county revenue sharing program consists of two revenue sources. Those sources include 2.90% of net cigarette tax collections and 2.0603% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation f t Th h ormu a. ere are no use restrtcttons on t e distributed revenue; however, there are some statutory limitations regarding those funds being used as a pledge for indebtedness. To receive distribution proceeds through the county revenue sharing program, counties must meet the following criteria: (1) Law enforcement officers and firefighters are certified and meet state requirements; (2) Certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; Figure 6.11: County Revenue Sharing by FY $3,500$2,660 [gig $3,333 $3,082 $3,000 $2,751 $2,ssa $2,576 $2,500 $2,000 $1,500 $1,000 $500 09/10 10/11 11/12 12/13 13/14 14/15 N Revenue (in thousands) Source: Indian River County Finance Deparment (3) The county's most recent financial reports must have been sent to the Department of Financial Services, and post audits of those statements and accounts must have been provided. Table 6.1 shows that county revenue sharing funds represented 1.51 % of all funds collected by Indian River County in FY 2014/15. Figure 6.11 shows that, between Fiscal Year 2009/10 and 2014/15, Indian River County's revenue sharing gradually increased. 0 Constitutional Fuel Tax The constitutional fuel tax is defined as an excise or license tax of two cents per gallon of motor fuel, imposed upon the first sale or first removal from storage (after importation into Florida). Revenues from this levy become state funds at the time of collection by the refiner, importer or wholesaler. Community Development Department Adopted , 2016, Ordinance 2016 - FIGURE 6.12: Constitutional Fuel Tax Revenue by FY $1,700 _. --- ---_ $1,680 $1,674 $1,660 $1,640 $1,628 $1,620 $1,600 $1,593 $1,597 $1,580 $1,573 $1,580 $1,560 $1,540 $1,520 09/10 10/11 11/12 12/13 13/14 14/15 oRevenue (in thousands) Source: Indian River County Finance Department Indian River County 14 Alcoholic beverage license taxes are levied on manufacturers, distributors, vendors, and sales Source: Indian River County Finance Department agencies of alcoholic beverages in Florida. The