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12/03/2019
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12/03/2019
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2/13/2020 12:00:12 PM
Creation date
2/13/2020 11:05:20 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/03/2019
Meeting Body
Board of County Commissioners
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proceeds deposited into the State General Revenue Fund. The second is a deduction of $1.00, with <br />proceeds deposited into the Florida Mobile Home Relocation Trust Fund. The remaining balance is <br />deposited into the License Tax Collection Trust Fund for distribution to units of local government. A <br />county government is eligible to receive proceeds from this tax if taxable mobile home units are <br />located in its unincorporated area. An authorized use of the proceeds is not specified in the current <br />law. <br />Table 6.1 shows that funds received through the mobile home license tax represented -0:05;/0.04% of <br />all revenue received by Indian River County in FY 2016/172017/18. Figure 6.15 shows that, mobile <br />home license tax revenue received by Indian River County fluctuated between FY 1-2012/13 <br />and FY 12017/18. <br />Various Grants <br />Table 6.1 shows that funds received in the form of state grants represented X000,; 2.79% of funds <br />received by the county in FY 4046472017/18. Those state grant funds received by the county <br />originated from the Division of Emergency Management, the Florida Housing Finance Corporation, <br />the Florida Department of State, the Florida Department of Environmental Protection, the Florida <br />Department of Transportation, the Florida Department of Revenue, the Florida Department of Law <br />Enforcement, the Florida Department of Economic Opportunity, 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 than <br />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 2016/1:7.2017/18; the county received approximately $8�-929,000-$9,724,000 in federal <br />funds. Those funds represented 3..68-1,; 3.57% of all funds received by Indian River County in FY <br />2016,1172017/18. <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 />2011,112 2012/13 through 2016,1172017/18. <br />269 <br />
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