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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, 2016
<br />OPERATING REVENUES
<br />Charges for services
<br />Charges for services pledged as security for revenue bonds
<br />Total operating revenues
<br />Business -type Activities -
<br />Solid Waste
<br />Disposal Golf
<br />District Course
<br />13,345,745 $ 3,230,630
<br />13,345,745 3,230,630
<br />OPERATING EXPENSES
<br />Personal services 660,395 571,289
<br />Material, supplies, services and other operating 10,978,915 1,864,433
<br />Depreciation 1,075,403 152,480
<br />Total operating expenses 12,714,713 2,588,202
<br />Operating income (loss) 631,032 642,428
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income 233,656 3,732
<br />Interest income pledged as security for revenue bonds - -
<br />Gain on disposal of equipment 150 25
<br />Interest expense - (17,410)
<br />Loss on disposal of equipment - -
<br />Total nonoperating revenues (expenses) 233,806 (13,653)
<br />Income (loss) before transfers and capital grants and
<br />contributions 864,838 628,775
<br />Capital contributions - -
<br />Transfers (63,694) (19,108)
<br />Change in net position 801,144 609,667
<br />Total net position - beginning
<br />Total net position - ending
<br />46,806,246 6,831,133
<br />$ 47,607,390 $ 7,440,800
<br />The accompanying notes are an integral part of the financial statements.
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