Capital Funds Continued

Capital Projects Funds

Capital Funds are used to account for financial resources that are restricted, committed, or assigned to expenditure for capital outlays.

Park Impact Fees - East Fields and Courts - Fund 2350

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund the fields and courts on park sites in the East zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - East Land - Fund 2349

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to purchase land for park sites in the East zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - East Other - Fund 2352

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund other amenities not specified in the other components of the ordinance for park sites in the East zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - East Water Access - Fund 2351

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund water access points within park sites in the East zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - Villages of Pasadena Hills Fields and Courts - Fund 2354

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund the fields and courts on park sites in the Villages of Pasadena Hills. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - Villages of Pasadena Hills Land - Fund 2353

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to purchase land for park sites in the Villages of Pasadena Hills. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - Villages of Pasadena Hills Other - Fund 2356

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund other amenities not specified in the other components of the ordinance for park sites in the Villages of Pasadena Hills. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - Villages of Pasadena Hills Water Access - Fund 2355

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund water access points within park sites in the Villages of Pasadena Hills. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - West Fields and Courts - Fund 2342

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund the fields and courts on park sites in the West zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - West Land - Fund 2341

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to purchase land for park sites in the West zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees - West Other - Fund 2344

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund other amenities not specified in the other components of the ordinance for park sites in the West zone. This is part of Pasco County's land development code section 1302.4.

Park Impact Fees -West Water Access - Fund 2343

The County collects Impact Fees to build, expand and purchase park sites and facilities to support growth in the county. These funds are used to fund water access points within park sites in the West zone. This is part of Pasco County's land development code section 1302.4.

Paving Assessment Capital - Fund 2322

Ordinance established on June 10, 1997, to impose special assessments pursuant to F.S. § 125.01(r)to account for the financing of residential improvements that include streets and roads, traffic calming devices and measures, water and sewage systems, water and sewage treatment plants, drainage, sidewalks and such other services or facilities as may be deemed essential.

Penny for Pasco Environmental Lands - Fund 2318

A Local Option Sales Surtax was passed by Pasco County voters on March 9, 2004 and became effective on January 1, 2005 to December 31, 2014. The Penny was passed again on November 6, 2012, to remain in effect until December 31, 2024. Proceeds are divided amongst the Pasco County School Board, local municipalities and Pasco County Government. The proceeds of the sales surtax result in a 1/2 mill Countywide property tax reduction. Pasco County's proceeds of the Local Option Sales Surtax for environmental lands is 20%.

Penny for Pasco Jobs and Economic Opportunity Trust - Fund 2316

The Jobs and Economic Opportunity Trust Fund (JEO Trust Fund) is used by the County to provide financial support for job creation, economic projects that improve the local economy, operational costs related to economic development, and repayment of loans borrowed to fund the previously mentioned items. 20% of Pasco County’s portion of the Infrastructure Surtax is deposited into the JEO Trust Fund.

Penny for Pasco Public Safety - Fund 2317

A Local Option Sales Surtax was passed by Pasco County voters on March 9, 2004 and became effective on January 1, 2005 to December 31, 2014. The Penny was passed again on November 6, 2012, to remain in effect until December 31, 2024. Proceeds are divided amongst the Pasco County School Board, local municipalities and Pasco County Government. The proceeds of the sales surtax result in a 1/2 mill Countywide property tax reduction. Pasco County's proceeds of the Local Option Sales Surtax for public safety improvements is 20%.

Penny for Pasco Transportation Infrastructure - Fund 2319

A Local Option Sales Surtax was passed by Pasco County voters on March 9, 2004 and became effective on January 1, 2005 to December 31, 2014. The Penny was passed again on November 6, 2012, to remain in effect until December 31, 2024. Proceeds are divided amongst the Pasco County School Board, local municipalities and Pasco County Government. The proceeds of the sales surtax result in a 1/2 mill Countywide property tax reduction. Pasco County's proceeds of the Local Option Sales Surtax for transportation improvements is 50%.

Rescue Impact Fee Facilities and Equipment - Fund 2335

Ordinance established on January 13, 2004, to impose impact fees on new residential construction to protect the health, safety and general welfare of citizens by providing adequate public facilities. These fees are used to fund construction of new stations, renovate and build additions to existing stations and to purchase equipment for these stations so that the levels of service can be maintained accordingly with the growth in the County.

Rescue Impact Fee Land - Fund 2334

Ordinance established on January 13, 2004, to impose impact fees on new residential construction to protect the health, safety and general welfare of citizens by providing adequate public facilities. These fees are used to purchase land to build or expand stations so that the levels of service can be maintained accordingly with the growth in the County.

Second Local Option Fuel Tax - Fund 2303

Reflects revenue received from the six cent gas tax funds and 80% of the two cent constitutional gas tax. The Local Option Gas Tax (LOGT) was first levied September 1, 1983, for two cents; a third and fourth cent levied September 1, 1984; and a fifth and sixth cent levied on September 1, 1986. This revenue is used to finance certain road improvements, road maintenance and construction, and road related drainage facilities. Local governments may pledge the LOGT to secure the payment of bonds. In 1993, the Florida Legislature authorized an additional five cents of LOGT on motor fuel, which the Board of County Commissioners (BCC) has not adopted, and a new ninth cent of LOGT on motor fuel and special fuel. On January 1, 1994, special fuel became subject to the ninth cent per gallon in every County of the State. On June 18, 2002, the BCC adopted the levy of the remaining revenue from the ninth-cent gas tax. Effective January 1, 2003, the ninth-cent fuel tax provided for a maintenance crew to help maintain the County's rapidly growing road network.

Stormwater Capital - Fund 2323

To account for the financing of capital projects for larger, more complex drainage improvement projects.

TXIF - Multi-Modal Transportation Capital Improvement Program - Fund 2320

To account for the financing of capital projects for transportation capital improvements and transportation capital expenses.

Transportation Trust Capital - Fund 2321

To account for the financing of capital projects for only for the large network roads classified as collector/arterial roads.