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• • one-third (1/3) of the entity's total percentage of population residing in the area based upon the most recent estimate from the Florida Bureau of Economic and Business Research. Each eligible entity (municipality) shall report the above information to the Indian River County Public Works Director by April 30th of each year. Should the above information not be reported to the public works director by Apnl 30th of each year the public works director shall recalculate the distribution of proceeds based upon the previous year's information, or other reliable information whichever is more recent, for each non -reporting eligible entity (municipality). By June 15 of each year, the county shall provide the Florida State Department of Revenue a certified copy of the distribution proportions established by interlocal agreement under this section. The revised distribution of tax proceeds shall become effective on September 1 of the same year. (c) If, during the term of the imposition of this tax, the county or any of the municipalities become ineligible to receive a share of the local option gas tax for any reason, any funds otherwise undistributed because of ineligibility shall be distributed by the department of revenue to eligible governments within Indian River County in proportion to other monies distributed pursuant to this section (d) The distribution formula established herein shall also govern the division and distribution of proceeds of the local option gas tax imposed through August 31, but not collected otherwise available for distribution until after August 31, of the year this levy terminates. (Ord. No. 92-26, § 4, 7-14-92; Ord. No. 96-11, § 1, 4-23-96; Ord. No. 2001-012, § 1, 3-20-01) Section 209.05. Utilization of proceeds. Proceeds of the tax imposed herein shall be utilized only for transportation expenditures in accordance with the provisions and requirements of F.S. § 336 025. (Ord. No. 92-26, § 4, 7-14-92) Public Works Director Jim Davis reviewed the recommendation for the Board and also asked for authorization for staff to transmit the Table on Page 100 of the backup, to become effective September 1, 2002, to the State of Florida, Department of Revenue: MAY 21, 2002 -41-