Sarasota County Consolidated Major Revenue and Debt Report 2019

LOCAL 50-CENT CHARGE E911 2019 Budget: $ 2,142,885 2019 Actual: $ 2,254,295 2020 Budget: $ 1,989,368 Legal Authorization: Florida Statutes, Section 365.171, 365.172, 365.173; County Ordinance 86-084. Description: Under the Emergency Communications Number E911 Act the State collects a fee from users of voice communication services through their service providers. The local exchange carriers operating in Florida are required by law to collect the monthly E911 fee, a maximum of $0.50, from customers. These fees are remitted to the E911 Board and a portion of the fee revenue received, based on the allocation percentages specified in the Legislation, must be distributed to the counties based on the billing address of the customer service identifiers in each county. Uses and Restrictions: These funds shall be used solely to pay recurring and non-recurring costs of providing 911 and E911 service, as provided by the Florida Statutes, Section 365.172(9) and 365.172(10). STATE LEVIED 7TH CENT COUNTY FUEL TAX 2019 Budget: $ 1,466,834 2019 Actual: $ 1,590,170 2020 Budget: $ 1,493,000 Legal Authorization: Florida Statutes, Section 206.41 and 206.60. Description: This tax is a one-cent tax upon every gallon of motor fuel sold in the state. This tax is sent to the State by licensed refiners upon the first sale or first removal from storage of the fuel. The state remits the tax to each County on a monthly basis. To determine distribution, a formula composed of three components (area, population, and collection) is calculated annually. Uses and Restrictions: These funds must be used solely for the acquisition of rights-of-way; the construction, reconstruction, operation, maintenance, and repair of transportation facilities, roads, and bridges; bicycle paths and pedestrian pathways; or to pay principal and interest on debt incurred for transportation purposes. COMMUNITY DEVELOPMENT BLOCK GRANT 2019 Budget: $ 4,251,266 2019 Actual: $ 1,062,047 2020 Budget: $ 3,366,131 Legal Authorization: Housing and Community Development Act of 1974, Title I, as amended, Public Law 93-383. Description: The Housing and Community Development Block Grant (CDBG) is a federally funded program through the Department of Housing and Urban Development. Funds are reimbursed monthly based on current year expenditures. The program’s intent is to develop viable urban communities, by providing adequate housing and a suitable living environment, and by expanding economic opportunities, principally for persons of low and moderate income. These funds are used to help the community by funding various projects such as daycare centers, affordable housing, new park facilities, and other projects. Uses and Restrictions: This revenue source may be used to undertake a wide range of activities directed toward neighborhood revitalization, economic development, and the provision of improved community facilities and services. The community develops its own programs and funding priorities; however, the programs must conform to statutory standards and program regulations. The community may contract with other local agencies or nonprofit organizations to carry out part or all of their programs. All activities under this program must either benefit low- and moderate-income persons, aid in the prevention or elimination of slums and blight, or meet other community development needs. SarasotaClerk.com 17