General Fund Revenue Sources and Authorized Uses Ad Valorem

General Fund

Revenue Sources and Authorized Uses
Ad Valorem
Local Governments may levy ad valorem taxes subject to the following limitations:

1. 
   Ten mills for county purposes.
   
2. 
   Ten mills for municipal purposes.
   
3. 
   Ten mills for school purposes.
   

The state constitution provides two exceptions to the ten mill cap, a voted debt service millage and a voted millage not to exceed two years.

Ad valorem taxes are considered general revenue and may be used for any purpose. The City’s current ad valorem rate is 3.055. The City is estimated to receive $4,145,592 during the current fiscal year.

Rank 2014	City	FY 13-14 Preliminary Tax Rate	FY 12-13 Tax Rate	% Change
1	Deltona	7.990	7.990	0.00%
2	Lake Helen	7.800	7.510	3.86%
3	Holly Hill	7.530	7.350	2.45%
4	Orange City	7.510	7.017	7.03%
5	Daytona Beach	7.485	6.573	13.87%
6	South Daytona	7.400	6.500	13.85%
7	DeLand	7.239	6.481	11.69%
8	Edgewater	6.950	6.283	10.61%
9	Pierson	6.500	5.967	8.93%
10	Ponce Inlet	6.500	5.900	10.17%
11	Volusia County	6.319	5.882	7.43%
12	Daytona Beach Shores	6.280	5.800	8.28%
13	Oak Hill	5.971	5.500	8.56%
14	Port Orange	4.699	4.805	-2.21%
15	Ormond Beach	4.118	4.013	2.61%
16	New Smyrna Beach	3.576	3.445	3.83%
17	DeBary	3.055	3.095	-1.29%
	Source:
	South Daytona Budget

Local Option Gas Tax
Volusia County collects a local option gas tax (LOGT) of 6 cents per gallon. The City of Debary renewed an agreement with the county in 2013, agreeing to maintain the current distribution formula adopted in 2003, for the LOGT. The City is estimated to receive $254,000 during the current fiscal year.
The LOGT can only be used for transportation expenditures as defined by the following programs:

1. 
   Public transportation operations and maintenance.
   
2. 
   Roadway and right of way maintenance and equipment and structures used primarily for the storage and maintenance of such equipment.
   
3. 
   Roadway and right of way drainage
   
4. 
   Street lighting.
   
5. 
   Traffic signs, traffic engineering, signalization, and pavement markings.
   
6. 
   Bridge maintenance and operation.
   
7. 
   Debt service and current expenditures for transportation capital projects in the foregoing program areas, including the construction and reconstruction of roads.
   

The local option gas tax is dedicated to our public works activities.

Utility Tax
The State Statutes Section 166.231 provides that a municipality may levy a tax on the purchase of electricity, metered natural gas, liquefied petroleum gas either metered or bottled, manufactured gas either metered or bottled, and water service.
The City of Debary levies a ten percent Public Service Tax upon each purchase of electricity and metered or bottled gas within the city limits.
The City is estimated to receive $1,248,000 during the current fiscal year.
The utility tax is considered general fund revenue and can be used for any purpose.
Communication Services Tax
A municipality may by ordinance, levy a local communication service tax. The City of Debary levies a public service tax in the amount of 7 percent that applies to the total amount charged for any telecommunication service provided within the city or, if the location of the telecommunication service provided cannot be determined, the total amount billed for telecommunication service to a billing address within the city limits.
The City is estimated to receive $724,000 during the current fiscal year.

The communication service tax is considered general fund revenue and can be used for any purpose.

State Revenue Sharing
There three primary sources that fund the state shares with municipalities, cigarette tax, intangibles tax and sales tax. The estimated revenues this fiscal from state shared sources is $1,318,000.
Licenses and Permits
Revenue from license and permits derive from Beverage Licenses, Mobile Home Licenses, Business Tax Receipts and Building Permits. License and permits are estimated to generate $357,000 during the current fiscal year. Building Permits is the largest source of revenue under this category generating an estimated $310,000. The City contracts for the operation of our building department and the revenue is spilt 80% to the contractor and 20% to the City. State law mandates that the building department operation cannot be a profit center.
Charges for Services
This revenue sources will generate an estimated $64,457 during the current fiscal year. Revenues derive from animal control fees, fire inspection fees, map sales, planning development fees and recreation program fees.
Interest Income
Interest yield from our investments is estimated to generate $6,500 this fiscal year.
Miscellaneous Revenue
This revenue source will generate an estimated $282,944 this fiscal year. The primary source of revenue is derived from contract oversight which recognizes the administrative cost of overseeing the street lighting districts, sanitation fund and our storm water system.