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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, 2018
<br />Business -type Activities -
<br />Solid Waste
<br />Disposal Golf
<br />District Course
<br />OPERATING REVENUES
<br />Charges for services $ 14,774,028 $ 3,216,513
<br />Charges for services pledged as security for revenue bonds -
<br />Total operating revenues 14,774,028 3,216,513
<br />OPERATING EXPENSES
<br />Personal services 635,008 579,871
<br />Material, supplies, services and other operating 13,153,521 1,952,642
<br />Depreciation 1,106,933 233,762
<br />Total operating expenses 14,895,462 2,766,275
<br />Operating income (loss) (121,434) 450,238
<br />NONOPERATING REVENUES (EXPENSES)
<br />Intergovernmental 191,393 8,592
<br />Interest income 302,534 7,985
<br />Interest income pledged as security for revenue bonds - Insurance recoveries 687,773 -
<br />Gain on disposal of assets - 1,350
<br />Interest expense - (18,829)
<br />Loss on disposal of assets (861,302) (560)
<br />Total nonoperating revenues (expenses) 320,398 (1,462)
<br />Income (loss) before transfers and capital grants and
<br />contributions 198,964 448,776
<br />Capital grants and contributions
<br />Transfers
<br />Change in net position 198,964
<br />Total net position - beginning, as restated (Note 17) 48,097,429
<br />Total net position - ending
<br />448,776
<br />7,976,948
<br />$ 48,296,393 $ 8,425,724
<br />The accompanying notes are an integral part of the financial statements.
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