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INDIAN RIVER COUNTY, FLORIDA
<br />COMBINING STATEMENT OF REVENUES# EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />ALL ENTERPRISE FUNDS
<br />Year Ended September 30, 1988
<br />57.
<br />SOLID WASTE
<br />DISPOSAL
<br />GOLF
<br />DISTRICT
<br />COURSE
<br />Operating Revenues:
<br />Charges for services
<br />$1,957,590
<br />$1,106,587
<br />Total operating revenues
<br />1,957,590
<br />1,106,587
<br />Operating Expenses:
<br />Personal services
<br />528,573
<br />451,276
<br />Materials, supplies, services and other operating
<br />1,918,700
<br />390,639
<br />Depreciation and amortization
<br />241,848
<br />147,562
<br />Total operating expenses
<br />2,689,121
<br />989,477
<br />Operating Income (Loss)
<br />(731,531)
<br />117,110
<br />Nonoperating Revenues (Expenses):
<br />Interest income
<br />Operating grants
<br />141,184
<br />18,802
<br />Gain on disposal of equipment
<br />6,662
<br />5,452
<br />_
<br />Interest expense
<br />Amortization
<br />(38,990)
<br />(211,530)
<br />expense
<br />Loss on disposal of equipment
<br />(11861)
<br />(2,458)
<br />Total nonoperating revenues (expenses)
<br />(29,142)
<br />83,305
<br />(195,186)
<br />Operating Transfers:
<br />Operating transfers in
<br />Income (Loss) Before Extraordinary Gain
<br />(648,226)
<br />(78,076)
<br />Extraordinary Gain on Defeasance of Debt
<br />77,069
<br />Net Income (Loss)
<br />(571,157)
<br />(78,076)
<br />Add: Depreciation on Fixed Assets Acquired by
<br />Contributed Capital
<br />4,363
<br />Increase (Decrease) in Retained Earnings
<br />(566,794)
<br />(78,076)
<br />Retained Earnings (Deficit), at Beginning of Year
<br />2,204,497
<br />(359,992)
<br />Retained Earnings (Deficit), at End of Year
<br />S1,63�7.77033
<br />S (438=)
<br />57.
<br />
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