Budget Department

Source

Descriptions

Ad Valorem Property Tax

Taxes on all non-exempt real and personal property located within the County. Monies are distributed to the General Fund, Charlotte Public Safety Fund, Capital Projects Fund and the County Health Unit.

Special Assessments

A levy imposed on certain properties to defray part, or all, of the cost of a specific improvement or service deemed to primarily benefit those properties.

Half Cent Sales Tax

Taxes imposed upon the sale of designated goods and services. The revenue is distributed by the State based upon a formula which considers population and taxable sales.

Local Option Sales Tax

A County levy approved by the voters for 1% of all transactions subject to taxation. The monies are designated for specific capital improvement projects.

State Revenue Sharing

State levied tax on cigarettes and sales tax. The revenue is distributed by the State based upon a formula which considers population and taxable sales.

Gasoline Tax

Gas taxes are used for the maintenance and construction of roads. The gas tax imposed for Charlotte County is made up of the following:
     Local Option Gas Tax
     2nd Local Option Gas Tax
     County Gas Tax
     Constitutional Gas Tax

Communications Tax

Taxes imposed upon telecommunications.

Franchise Fees

Taxes imposed upon business to provide a service such as electricity.

Tourist Tax

A tax imposed on the rental of accommodations of less than six months duration. These funds are used to promote Charlotte County and for capital improvement projects.

Intergovernmental Revenues

Revenue collected by one government and distributed to another government, such as Federal and State grants.

Charges for Services

Fees charged for services or activities provided, the majority of the monies come from water and sewer rate fees,

Fines and Forfeitures

The majority of this revenue comes from court ordered fines and fees.

Licenses and Permits

Made up of revenue from the licensing of mobile homes, business tax receipts (formerly professional and occupational licensing) and building permits.

Other Revenues

These include Impact Fees, Interest/Investment Income, and other miscellaneous.

Less 5% Statutory Reduction

All prescribed by F.S. 129.01(2)(B)-The receipts portion of the budget shall include 95 percent of all receipts reasonably to be anticipated from all sources.

Transfers In

Amounts transferred from one fund to another fund for work or services performed.

Beginning Balance

Fund balances represent unexpended funds carried forward from a prior fiscal year.