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Indian River County,Florida
<br /> Statement of Revenues,Expenses,and Changes in Fund Net Position
<br /> Proprietary Funds
<br /> For the Year Ended September 30,2012
<br /> Business-type Activities-
<br /> Solid Waste
<br /> Disposal Golf
<br /> District Course
<br /> OPERATING REVENUES
<br /> Charges for services $ 9,582,955 $ -
<br /> Charges for services pledged as
<br /> security for revenue bonds - 3,216,471
<br /> Total operating revenues 9,582,955 3,216,471
<br /> OPERATING EXPENSES
<br /> Personal services 533,291 537,390
<br /> Material,supplies,services and
<br /> other operating 9,283,395 1,643,574
<br /> Depreciation 842,318 129,906
<br /> Total operating expenses 10,659,004 2,310,870
<br /> Operating income(loss) (1,076,049) 905,601
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Interest income 268,633 -
<br /> Interest income pledged as
<br /> security for revenue bonds - 4,088
<br /> Gain on disposal of equipment - 625
<br /> Interest expense - (109,301)
<br /> Bond amortization expense - (31,432)
<br /> Loss on disposal of equipment - -
<br /> Total nonoperating revenues(expenses) 268,633 (136,020) f
<br /> Income(loss)before transfers and
<br /> capital contributions (807,416) 769,581
<br /> Capital contributions - -
<br /> Capital grants -
<br /> Transfers in - -
<br /> Transfers out - (7,532)
<br /> Change in net position (807,416) 762,049
<br /> Total net position-beginning,as restated(Note 21C) 48,669,442 4,524,876
<br /> Total net position-ending $ 47,862,026 $ 5,286,925
<br /> 1
<br /> The accompanying notes are an integral part of the financial statements.
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