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Comprehensive Plan Capital Improvements Element
<br />into the Florida Mobile Home Relocation Trust Fund. The remaining balance is deposited into the
<br />License Tax Collection Trust Fund for distribution to units of local government. A county
<br />government is eligible to receive proceeds from this tax if taxable mobile home units are located in its
<br />unincorporated area. An authorized use of the proceeds is not specified in the current law.
<br />Table 6.1 shows that funds received through the mobile home license tax represented 0.03% of all
<br />revenue received by Indian River County in FY 2020/21. Figure 6.15 shows that, mobile home license
<br />tax revenue received by Indian River County fluctuated between FY 2015/16 and FY 2020/21.
<br />Various Grants
<br />Table 6.1 shows that funds received in the form of state grants represented 3.23% of funds received
<br />by the county in FY 2020/21. 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 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 2020/21 the county received approximately $31,231,000 in federal funds. Those funds
<br />represented 9.52% of all funds received by Indian River County in FY 2020/21.
<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 ofAccounts 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 />2015/16 through 2020/21.
<br />Table 6.4: Indian River County General Revenues By Source
<br />Fiscal Year
<br />Licenses &
<br />Intergovernmental
<br />Charges for
<br />Fines &
<br />Miscellaneous
<br />Totals
<br />Taxes
<br />Pennits
<br />Revenue
<br />Services
<br />Forfeitures
<br />Revenues
<br />2015/16
<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 />2016/17
<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 />$242,343,771
<br />Community Development Department Indian River County
<br />Adopted December _, 2022, Ordinance 2022- 1$
<br />237
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