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03/12/2019 (2)
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03/12/2019 (2)
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Last modified
12/31/2019 12:03:42 PM
Creation date
4/17/2019 2:30:48 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
03/12/2019
Meeting Body
Board of County Commissioners
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Indian 'River County Tourist Development Tax <br />Received by the Indian River County Clerk of the Circuit Court and Comptroller <br />Quarters Ended December 31, 2017 and 2018 <br />Quarter Quarter <br />Ended % Ended % Increase % <br />12/31/2017 Of Total 12/31/2018 Of Total (Decrease) Change <br />Short Term Rentals $ 140,662 20.85% S 195,503 26.79% * $ 54,841 38.99% * <br />Hotel/ Motel 503,630 74.65% 507.113 69.50% ** $ 3,483 0.69%. ** <br />Boarding/Apartments 9,701 1.44% 7.910 1.08% $ .(1,791) -18.46% <br />Mobile Homes 6,560 0.97% 5.861 0.80% $ (699) -10.66% <br />Timeshare 14,102 2.09% 13,245 1.83% $ (857) -6.08% <br />$ 674.655 100.00% $ 729.632 100.00% $ 54,977 8.15% <br />* The short term (residential) rentals in quarter ended 12/31/18 included $12,500 in audit proceeds from prior years. Without the audit proceeds: the <br />quarter 12/31/18 revenues were $183,003 which is $42.341 or 30.1% higher than quarter 12/31/17 revenues. <br />** The hotel/motel revenues in quarter ended_ 12/31/18 included S59,568 in audit proceeds from priorycars. Without the audit proceeds, the <br />quarter 12/31/18 rcvenues'were $447,545 which is $56,805 or 11.1 % lower than quarter 12/31/17 -revenues, The decrease in <br />the quarter 12/31/18 revenues could possibly be explained by the red tide conditions. <br />16 <br />
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