FY 2010-11 Adopted Budget - Volusia County Government

Sales Tax Trust Fund - 108Sales Tax Trust Fund - 108Summary: The primary purpose for the Sales Tax Fund is to record the County's receipt of the Half-Cent Sales Tax thatis received from the State on a monthly basis. Funds are authorized by ss. 212.20(6) and 218.60-.67, F.S. forcountywide purposes, including debt service. Sales Tax revenues are allocated first to meet debt servicerequirements. The remainder is distributed as follows: 31.5% to Municipal Service District Fund (120); aflat rate of $1,279,979 to the Ocean Center (118); and the remainder to General Fund (001). Amounts fordebt service are transfered to the Subordinate Sales Tax Lien Debt Service Fund (201) and the CapitalImprovement Debt Service Fund (297).AdoptedFY2009-10BudgetFY2010-11RevenuesCurrent RevenuesIntergovernmental Revenues $ 14,791,240 $ 16,119,066Miscellaneous Revenues 0 12,000Subtotal Current Revenues $ 14,791,240 $ 16,131,066Non-Current RevenuesSubtotal Non-current Revenues $ 0 $ 0Total Revenues $ 14,791,240 $ 16,131,066Less Operating Transfers 14,791,240 16,131,066Total Operating Revenues $ 0 $ 0ExpendituresInterfund Transfers $ 14,791,240 $ 16,131,066Total Expenditures $ 14,791,240 $ 16,131,066Less Operating Transfers 14,791,240 16,131,066Total Operating Expenditures $ 0 $ 0Net Revenues Less Expenditures $ 0 $ 0Volusia County Section E - 34