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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, 1992
<br />The accompanying notes are an integral part of the financial statements.
<br />B-12
<br />TOTALS
<br />INTERNAL
<br />(MEMORANDUM
<br />ENTERPRISE
<br />SERVICE
<br />ONLY)
<br />Operating Revenues:
<br />Charges for services
<br />S18,271.108
<br />S2.369.895
<br />$20.641,003
<br />Operating Expenses:
<br />Personal services
<br />6,627,713
<br />509,317
<br />7,137,030
<br />Materials, supplies, services and
<br />other operating
<br />6,229,148
<br />965,521
<br />7,194,669
<br />Depreciation
<br />4,509.806
<br />29,491
<br />4,539,297
<br />Total operating expenses
<br />17,366.667
<br />1,504,329
<br />18.870,996
<br />Operating Income
<br />904,441
<br />865,566
<br />1,770.007
<br />Nonoperating Revenues (Expenses):
<br />Interest income
<br />1,820,184
<br />209,903
<br />2,030,087
<br />Operating grants
<br />215,111
<br />-
<br />215,111
<br />Gain on disposal of equipment
<br />2,497
<br />5,722
<br />8,219
<br />Interest expense
<br />(1,861,904)
<br />-
<br />(1,861,904)
<br />Bond amortization expense
<br />(55,669)
<br />-
<br />(55,669)
<br />Intangible amortization expense
<br />(23,218)
<br />-
<br />(23,218)
<br />Loss on disposal of equipment
<br />(56,847)
<br />(280)
<br />(57,127)
<br />Total nonoperating revenues (expenses)
<br />40,154
<br />215.345
<br />255,499
<br />Income Before Operating Transfers
<br />944,595
<br />11080,911
<br />2425,506
<br />Operating Transfers In
<br />84,666
<br />-
<br />84,666
<br />Net Income
<br />1,029,261
<br />1,080,911
<br />2,110,172
<br />Add: Depreciation on Fixed Assets Acquired
<br />with Contributed Capital
<br />1.281,704
<br />-
<br />1.281.704
<br />Increase in Retained Earnings
<br />2,310,965
<br />11080,911
<br />3,391,876
<br />Retained Earnings at Beginning of Year
<br />12.806,892
<br />991,249
<br />13,798,141
<br />Retained Earnings at End of Year
<br />S15.117.857
<br />S2,072,160
<br />S17.1190.0117
<br />The accompanying notes are an integral part of the financial statements.
<br />B-12
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