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Indian River County,Florida
<br /> Statement of Revenues,Expenses,and Changes in Fund Net Assets #
<br /> Proprietary Funds
<br /> For the Year Ended September 30,2009
<br /> Business-type Activities-
<br /> Solid Waste
<br /> Disposal Golf County
<br /> District Course Utilities
<br /> OPERATING REVENUES -
<br /> Charges for services $ 9,713,883 $ $
<br /> Charges for services pledged as
<br /> security for revenue bonds - 3,279,135 26,957,649
<br /> Total operating revenues 9,713,883 3,279,135 26,957,649
<br /> OPERATING EXPENSES
<br /> Personal services 2,839,996 705,398 8,093,873
<br /> Material,supplies,services and
<br /> other operating 6,693,589 1,875,856 11,827,094
<br /> Depreciation 873,852 166,602 14,437,671
<br /> Total operating expenses 10,407,437 2,747,856 34,358,638
<br /> Operating income(loss) (693,554) 531,279 (7,400,989)
<br /> NONOPERATING REVENUES(EXPENSES) -
<br /> Interest income 1,436,998 -
<br /> Interest income pledged as
<br /> security for revenue bonds - 13,035 2,110,031
<br /> Operating grants 856,925 - 338,069
<br /> Gain on disposal of equipment - 1,332 6,561
<br /> Interest expense - (147,780) (2,807,964)
<br /> Bond amortization expense - (41,505) (211,991)
<br /> Loss on disposal of equipment - - (144,504)
<br /> State shared revenues - 417,500 -
<br /> Total nonoperating revenues(expenses) 2,293,923 242,582 (709,798)
<br /> Income(loss)before transfers and
<br /> capital contributions 1,600,369 773,861 (8,110,787)
<br /> Capital contributions - - (25,642,735)
<br /> Capital contributions pledged as
<br /> security for revenue bonds - - 36,844,225
<br /> Transfers in -
<br /> Change in net assets 1,600,369 773,861 3,090,703
<br /> Total net assets-beginning 48,057,309 2,684,105 251,123,803
<br /> Total net assets-ending $ 49,657,678 $ 3,457,966 $ 254,214,506
<br /> The accompanying notes are an integral part of the financial statements.
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