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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 30,2015
<br /> Business-type Activities -
<br /> Solid Waste
<br /> Disposal Golf
<br /> District Course
<br /> OPERATING REVENUES
<br /> Charges for services $ 11,455,302 $ 3,235,879
<br /> Charges for services pledged as security for revenue bonds - -
<br /> Total operating revenues 11,455,302 3,235,879
<br /> OPERATING EXPENSES
<br /> Personal services 543,085 505,367
<br /> Material, supplies, services and other operating 9,999,165 1,806,504
<br /> Depreciation 1,166,133 152,698
<br /> Total operating expenses 1.1,708,383 2,464,569
<br /> Operating income (loss) (253,081) 771,310
<br /> NONOPERATING REVENUES (EXPENSES)
<br /> Interest income 179,092 3,191
<br /> Interest income pledged as security for revenue bonds - -
<br /> Gain on disposal of equipment - 3,702
<br /> Interest expense - (33,828)
<br /> Bond amortization expense - -
<br /> Loss on disposal of equipment - -
<br /> Total nonoperating revenues (expenses) 179,092 (26,935)
<br /> Income (loss)before transfers and capital grants and
<br /> contributions (73,989) 744,375
<br /> Capital grants - -
<br /> Capital contributions - -
<br /> Transfers 24,990 -
<br /> Change in net position (48,999) 744,375
<br /> Total net position-beginning, as restated(Note 20B) 46,855,245 6,086,758
<br /> Total net position- ending $ 46,806,246 $ 6,831,133
<br /> The accompanying notes are an integral part of the financial statements,
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