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<br />Indian River County, Florida
<br />Statement of Revenues, Expenses, and Changes in Fund Net Position
<br />Proprietary Funds
<br />For the Year Ended September 30, 2014
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<br />Business -type Activities -Ell
<br />Solid Waste
<br />Disposal Golf
<br />District Course
<br />OPERATING REVENUES
<br />Charges for services $ 10,272,415 $ 3,080,960
<br />Charges for services pledged as security for revenue bonds -
<br />Total operating revenues 10,272,415 3,080,960
<br />OPERATING EXPENSES11
<br />Personal services 534,751 501,566
<br />Material, supplies, services and other operating 9,337,279 1,833,079
<br />Depreciation 929,378 208,949
<br />Total operating expenses 10,801,408 2,543,594
<br />Operating income (loss) (528,993) 537,366
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income 109,251 1,981
<br />Interest income pledged as security for revenue bonds 3
<br />Gain on disposal of equipment 330
<br />Interest expense - (44,830)
<br />Bond amortization expense -
<br />Loss on disposal of equipment -
<br />Total nonoperating revenues (expenses) 109,251 (42,519)
<br />Income (loss) before transfers and capital grants and 1
<br />contributions (419,742) 494,847
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<br />Capital grants
<br />Capital contributions 61,327 -
<br />Transfers (75,414) I -
<br />Change in net position (433,829) 494,847
<br />Total net position - beginning 47,541,105 5,824,717 1
<br />Total net position - ending $ 47,107,276 $ 6,319,564
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<br />The accompanying notes are an integral part of the financial statements.
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