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INDIAN RIVER COUNTY, FLORIDA
<br />NOTES TO FINANCIAL STATEMENTS - CONTINUED
<br />Year Ended September 30, 1992
<br />12. Seqment Information:
<br />The County maintains Enterprise Funds for its Solid Waste Disposal District, Golf
<br />Course, County Building, Water and Sewer System, and Housing Authority Funds.
<br />Segment information for the year ended September 30, 1992 follows:
<br />solid Waste water
<br />Disposal Golf County and Bever Housing
<br />District Course Building system Authority Total
<br />Operating
<br />Revenues $ 5,253,284 $1,476,966 $ 471,932 $10,712,023 $ 356,903 $18,271,108
<br />Operating Grant
<br />Revenue 203,814 - - - 11,297 215,111
<br />Operating Depreciation
<br />and Amortisation
<br />Expense 1,182,685 82,054 27,256 3,061,413 156,396 4,509,806
<br />Operating Income
<br />(Lass) (204,613) 161,321 (431,186) 1,502,923 (144,004) 904,441
<br />Operating Transfers
<br />In - - - - 84,666 84,666
<br />Net Income (Loss) 308,813 104,360 (395,502) 1,089,777 (78,167) 1,029,261
<br />Fixed Assets:
<br />Additions 2,156,077 3,76S,534 350 11,979,376 3,530,852 21,414,189
<br />Deletions - net
<br />of accumulated
<br />depreciation 52,521 - 1,029 2,677 2,305 58,532
<br />Net Working Capital
<br />(Deficit) 1,615,342 49,231 416,043 3,289,572 62,755 5,452,943
<br />Total Assets 17,422,513 9,776,146 530,396 90,912,935 9,068,393 127,710,383
<br />Bonds Payable From
<br />Operating
<br />Revenues - Net 6,555,000 8,461,587 - 24,614,445 51448,400 45,279,432
<br />Total Equity 7,593,429 261,670 464,065 63,236,268 3,420,442 74,965,674
<br />Current Year Net
<br />Increase in
<br />Contributions 1,694 1,500 - 4,823,856 2,319,197 7,146,249
<br />13. Oaeratina Leases:
<br />The County has entered into noncancellable operating leases, both as lessor and
<br />lessee. Lease terms vary from 2 to 30 years. Lease revenues totaled $59,315 and
<br />lease expenditures totaled $94,775 for the year ended September 30, 1992. The
<br />County also leases other equipment and office facilities as both lessor and lessee
<br />on a month-to-month basis.
<br />B-53
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