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Comprehensive Plan Capital Improvements Element Figure 6.10 displays the funds made available to Indian River County through the half -cent local government sales tax over the last six fiscal years. Overall, Indian River County's half -cent sales tax revenue increased between Fiscal Year 2011/12 and Fiscal Year 2016/17. Occasionally, governments can receive supplemental distributions by meeting special eligibility criteria; however, in no case can the total supplemental and ordinary distribution exceed the maximum per capita amount allowed by law. Governments are allowed wide latitude in using the half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for countywide tax relief or countywide programs. • 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 2.0810% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation formula. There are no use restrictions on the 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; Figure 6.11: County Revenue Sharing by FY $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 11/12 12/13 13/14 14/15 15/16 16/17 El Revenue (in thousands) Source: Indian River County Finance Deparment (2) Certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; (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 1.49% of all hinds collected by Indian River County in FY 2016/17. Figure 6.11 shows that, between Fiscal Year 2011/12 and 2016/17, Indian River County's revenue sharing gradually increased. Community Development Department Indian River County Adopted December 4, 2018, Ordinance 2018-025 14 Ilii■■■■1 (2) Certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; (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 1.49% of all hinds collected by Indian River County in FY 2016/17. Figure 6.11 shows that, between Fiscal Year 2011/12 and 2016/17, Indian River County's revenue sharing gradually increased. Community Development Department Indian River County Adopted December 4, 2018, Ordinance 2018-025 14