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M M
<br />Debt Service:
<br />- The County Water and Sewer Fund was established
<br />to account for the operations of the water
<br />and sewer system.
<br />Principal
<br />1,576,244
<br />4.2
<br />367,927
<br />Interest
<br />1,747,941
<br />4.7
<br />979,794
<br />Capital Projects
<br />4,708,327
<br />12.6
<br />3,216,621
<br />TOTAL EXPENDITURES
<br />$ 37,513,067
<br />100.00 %
<br />$ 9,578,892
<br />General government expenditures increased due to the rising cost of insurance
<br />and utilities services and the addition of more people. Public safety
<br />expenditures increased due to more funds being provided for greater law
<br />enforcement and fire protection services. Construction of the Route 60 sewer
<br />line through a special assessment fund caused physical environment
<br />expenditures to increase. Transportation expenditures increased due to
<br />additional personnel and higher operating cost of maintaining roads and
<br />bridges. Construction expenditures for Victory Park, a low cost rental
<br />apartment complex, caused economic environment expenditures to increase.
<br />Human services expenditures increased due to an increase in the number of
<br />units provided by the Federal rental assistance program and an increase in
<br />state mandated funding for the county health department. Culture/recreation
<br />expenditures Increased due to increased funding for the libraries, in
<br />particular, full year funding for the Sebastian library -branch. The first
<br />principal and interest payment on the Refunding and Improvement Bonds caused
<br />debt service expenditures to increase. Capital projects expenditures
<br />increased due to initial costs for the extension of Indian River Boulevard
<br />and continuing costs for jail construction.
<br />ENTERPRISE FUNDS
<br />Water and Sewer System Fund
<br />- The County Water and Sewer Fund was established
<br />to account for the operations of the water
<br />and sewer system.
<br />The water and
<br />sewer system continues to
<br />increase the number of customers served and when
<br />the water and sewer transmission lines
<br />going West along
<br />Route 60 are
<br />completed, there will be a
<br />substantial increase in the number
<br />of customers.
<br />Comparative data for the
<br />past three years
<br />are presented in
<br />the following
<br />table:
<br />$ '672,953
<br />$ 657,762
<br />$ 475,664
<br />Total operating expenses
<br />1986
<br />1985
<br />1984
<br />Total operating revenues
<br />Total
<br />$ 2,451,538
<br />$ 1,447,672
<br />$ 1,846,466
<br />operating expenses
<br />$$ 1�
<br />$$ 1 ,�
<br />$ 1�10.�, 7 11
<br />Net income (loss)
<br />$27,bl0
<br />$ (86,845)
<br />Income available for debt
<br />service
<br />$ 1,015,853
<br />$ 789,811
<br />$ 1,043,780
<br />Annual debt service
<br />_$___5_2_1.T3_9_
<br />$TOT►
<br />$ 575,997
<br />Coverage (income available
<br />for
<br />debt service divided by
<br />debt service)
<br />1.95
<br />1.91
<br />1.81
<br />Customers
<br />8,120
<br />6,636
<br />5,913
<br />Solid Waste System Fund - The Solid Waste System Fund was established to
<br />account for the operations of the Sanitary Landfill. Comparative data for
<br />the past three fiscal years are presented in the following table:
<br />1986
<br />Total operating revenues $ 1,299,481
<br />Total operating expenses $ 710,295
<br />Net income $�6T,24
<br />Income available for debt
<br />service $ 670,468
<br />Annual debt service $$ 179,b55d
<br />Coverage (income available for
<br />debt service divided by
<br />debt service) 3.73
<br />Tonnage disposed. 153,529
<br />1985
<br />$ 897,915
<br />X957
<br />$ 98,947
<br />$ 352,751
<br />$ 180,434
<br />1.96
<br />116,825
<br />1984
<br />$ 724,072
<br />$ 560,335
<br />$ 20 ,819
<br />$ 252,878
<br />$x,263
<br />1.42
<br />93,137
<br />County Building Fund - The
<br />County Building
<br />Fund was established to account
<br />for the operations of the Building Permit and Inspection
<br />Department.
<br />Comparative data for the
<br />past three fiscal
<br />years are.
<br />presented in the
<br />following table:
<br />1986
<br />1985
<br />1984
<br />Total operating revenues
<br />$ '672,953
<br />$ 657,762
<br />$ 475,664
<br />Total operating expenses
<br />T_46,207
<br />$ 453,$65
<br />${�T�
<br />Net income
<br />$ 202,399
<br />$ 202,50
<br />5 tt,b35
<br />New Building Permits
<br />1,109
<br />922
<br />984
<br />LIAR 24 1987 40 BOOK FaIE6�zJ
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