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Comprehensive Plan Capital Improvements Element
<br />• Various Grants
<br />Table 6.1 shows that funds received in the form of state grants represented 2.35% of funds received
<br />by the county in FY 2018/19. Those state grant funds received by the county originated from the
<br />Division of Emergency Management, the Florida Housing Finance Corporation, the Florida
<br />Department of State, the Florida Department of Environmental Protection, the Florida Department of
<br />Transportation, the Florida Department of Revenue, the Florida Department of Law Enforcement, the
<br />Florida Department of Economic Opportunity, and the Florida Department of 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 2018/19 the county received approximately $6,523,000 in federal funds. Those funds
<br />represented 2.34% of all funds received by Indian River County in FY 2018/19.
<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 />2013/14 through 2018/19.
<br />Table 6.4: Indian River County General Revenues By Source
<br />Discal Year
<br />Licenses &
<br />Intergovernmental
<br />Charges for
<br />Fines &
<br />Miscellaneous
<br />totals
<br />Taxes
<br />Permits
<br />Revenue
<br />Services
<br />Forfeitures
<br />Revenues
<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
<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
<br />$1,708,273
<br />$10,591,490
<br />$237,677,291
<br />2016/2017
<br />$115,774,419
<br />$19,558,052
<br />$31,587,431
<br />$64,685,312
<br />$1,680,464
<br />$9,058,093
<br />$242,343,771
<br />2017/2018
<br />$125,723,036
<br />$22,425,960
<br />$37,168,177
<br />$67,769,381
<br />$1,739,585
<br />$17,885,999
<br />$272,712,138
<br />2018/2019
<br />$132,706,277
<br />$21,586,692
<br />$33,137,945
<br />$71,070;803
<br />$2,177,709
<br />$18,510,569
<br />$279,189,995
<br />Source: Indian River County Comprehensive Annual Financial Report, 2018/19 & Indian River County Finance Department.
<br />Community Development Department Indian River County
<br />Adopted December 1` 2020, Ordinance 2020-018 17
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