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INDIAN RIVER COUNTY, FLORIDA
<br />COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />ALL PROPRIETARY FUND TYPES
<br />Year Ended September 30, 1990
<br />TOTALS
<br />INTERNAL (MEMORANDUM
<br />ENTERPRISE SERVICE ONLY)
<br />Operating Revenues:
<br />Charges for services:
<br />Landfill S 5,221,782 $ - $ 5,221,782
<br />Golf course 1,499,366 1,499,366
<br />County building 696,949 - 696,949
<br />Water and sewer 5,271,145 5,271,145
<br />Housing Authority 360,424 - 360,424
<br />Vehicle maintenance - 988,717 988,717
<br />Self insurance 1,516,674 1,516,674
<br />Total operating revenues 13,049,666 2,505,391 15555,057
<br />Operating Expenses:
<br />Personal services 4,465,342 431,717 4,897,059
<br />Materials, supplies, services and
<br />other operating 4,378,588 2,033,404 6,411,992
<br />Depreciation and amortization 3,509,765 32,007 3,541,772
<br />Total operating expenses 12,353,695 2,497,128 14,850,823
<br />Operating Income 695,971 8,263 704,234
<br />Nonoperating Revenues (Expenses):
<br />Interest income 1,580,007 51,291 1,631,298
<br />Operating grants 16,281 - 16,281
<br />Gain on disposal of equipment 12,678 - 12,678
<br />Interest expense (1,556,861) - (1,556,861)
<br />Amortization expense (107,437) - (107,437)
<br />Loss on disposal of equipment (3,553) (3,553)
<br />Total nonoperating revenues (expenses) (58,885) 51,291 (7,594)
<br />Income Before Operating Transfers 637,086 59,554 696,640
<br />Operating Transfers In 70,702 423,208 493,910
<br />Net Income 707,788 482,762 1,190,550
<br />Add: Depreciation on Fixed Assets Acquired
<br />with Contributed Capital 806,300 - 806,300
<br />Increase in Retained Earnings 1,514,088 482,762 1,996,850
<br />Retained Earnings (Deficit) at Beginning of Year 11,883,624 (272,805) 11,610,819
<br />Retained Earnings at End of Year 513.397,712 S2957 S13,607,669
<br />The accompanying notes are an integral part of the financial statements.
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