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Comprehensive Plan Capital Improvements Element
<br />Table 6.1 shows that funds received through the mobile home license tax represented 0.05% of all
<br />revenue received by Indian River County in FY 2015/16. Figure 6.15 shows that, mobile home
<br />license tax revenue received by Indian River County fluctuated between FY 2010/11 and FY
<br />2015/16.
<br />Various Grants
<br />Table 6.1 shows that funds received in the form of state grants represented 4.49% of funds
<br />received by the county in FY 2015/16. Those state grant funds received by the county originated
<br />from the Division of Emergency Management, the Florida Housing Finance Corporation, the
<br />Florida Department of State, the Florida Department of Environmental Protection, the Florida
<br />Department of Transportation, the Florida Department of Revenue, and the Florida Department of
<br />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
<br />than 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 2015/16, the county received approximately $10,679,000 in federal funds. Those funds
<br />represented 4.49% of all funds received by Indian River County in FY 2015/16.
<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 />2010/11 through 2015/16.
<br />Source: Indian River County Comprehensive Annual Financial Report, 2015-16 & Indian River County Finance Department
<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 Indian River County
<br />Adopted December 5, 2017, Ordinance 2017-015 17
<br />Table 6.4: Indian River County General Revenues By Source
<br />Fiscal Year
<br />Taxes
<br />Licenses &
<br />Licenses
<br />Permits
<br />Intergovernmental
<br />Revenue
<br />Charges for
<br />Services
<br />Fines &
<br />Forfeitures
<br />Miscellaneous
<br />Revenues
<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 />2014/2015
<br />$100,182,672
<br />$18,471,625
<br />$33,624,651
<br />$62,987,961 1
<br />$924,860
<br />$4,548,434
<br />$220,740,203
<br />2015/2016
<br />$109,101,602
<br />$19,872,044
<br />$33,535,027
<br />$62,868,855 1
<br />$1,708,273
<br />$10,591,490
<br />$237,677,291
<br />Source: Indian River County Comprehensive Annual Financial Report, 2015-16 & Indian River County Finance Department
<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 Indian River County
<br />Adopted December 5, 2017, Ordinance 2017-015 17
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