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<br />38
<br />
<br />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, 2019
<br />
<br />
<br />Business-type Activities -
<br />
<br />Solid Waste
<br />Disposal
<br />District
<br />Golf
<br />Course
<br />OPERATING REVENUES
<br />Charges for services $15,837,635 $3,306,251
<br />Total operating revenues 15,837,635 3,306,251
<br />OPERATING EXPENSES
<br />Personal services 722,794 647,555
<br />Material, supplies, services and other operating 12,865,875 1,968,516
<br />Depreciation 1,142,536 240,790
<br />Total operating expenses 14,731,205 2,856,861
<br />Operating income (loss) 1,106,430 449,390
<br />NONOPERATING REVENUES (EXPENSES)
<br />Intergovernmental 6,996 1,340
<br />Interest income 891,881 25,321
<br />Insurance recoveries 843 -
<br />Gain on disposal of assets 4,015 6,394
<br />Interest expense - (13,414)
<br />Loss on disposal of assets - -
<br />Total nonoperating revenues (expenses) 903,735 19,641
<br /> Income (loss) before transfers and capital grants and
<br /> contributions 2,010,165 469,031
<br />Capital grants and contributions - -
<br />Transfers - -
<br />Change in net position 2,010,165 469,031
<br />Total net position - beginning 48,296,393 8,425,724
<br />Total net position - ending $50,306,558 $8,894,755
<br />
<br />
<br />The accompanying notes are an integral part of the financial statements.
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