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Comprehensive Plan Capital Improvements Element (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 1.39% of all funds collected by Indian River County in FY 2017/18. Figure 6.11 shows that, between Fiscal Year 2012/13 and 2017/18, Indian River County's revenue sharing gradually increased. • 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. In its current form, the constitutional fuel tax is a Figure 6.13: County Fuel Tax by FY $840 $820 1016 ams $800 $783 $780 $760 $ $730 740 $720 $698 $7x6 $700 $680 $660 $640 $820 12/13 13/14 14/15 15/16 16/17 17/18 ■ Revenue (in thousands) Source: Indian River County Finance Department state -shared revenue source for counties only. Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to comply with all obligations to or for the benefit of holders of bonds, revenue certificates, and tax antici ation certificates or an fund d b p y re s secure y any portion of the tax proceeds. After complying with the necessary debt service obligations, the state distributes a county's surplus funds to its governing body. Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.68% of total revenue received by Indian River County in FY 2017/18. Figure 6.12 shows that, over the last six fiscal years, constitutional fuel tax revenue received by Indian River County increased by 15.11 %. • County Fuel Tax The county fuel tax is levied on motor fuel at the rate of one cent per net gallon. The legislative Figure 6.14: Alcoholic Beverage License Tax by FY $80 $70 $69 $59$60itto $50 $40 $30 $20 $10 MMI 12/13 13/14 14/15 15/16 16/17 17/18 ■Revenue (in thousands) Source: Indian River County Finance Department Community Development Department Indian River County Adopted December 3, 2019, Ordinance 2019-020 15