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INDIAN RIVER COUNTY, FLORIDA
<br />COMBINED STATENENT OF REVENUES EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />ALL PROPRIETARY FUND TYPES
<br />Year Ended September 30, 1988
<br />INTERNAL
<br />SERVICE
<br />TOTALS
<br />(FLEET
<br />(MEMORANDUM
<br />Operating Revenues:
<br />ENTERPRISE
<br />MANAGEMENT)
<br />_ONLY)
<br />Charges for services:
<br />Landfill
<br />Golf
<br />$1,957,590
<br />$ -
<br />$1,957,590
<br />course
<br />County building
<br />1,106,587
<br />-
<br />11106,587
<br />Water and sewer
<br />747,119
<br />3,530,826
<br />-
<br />747,119
<br />Housing Authority
<br />204,550
<br />-
<br />-
<br />3,530,826
<br />Vehicle maintenance
<br />204,550
<br />Total operating revenues
<br />-
<br />7,546,672
<br />974,796
<br />974,796
<br />974,796
<br />8,521,468
<br />Operating Expenses:
<br />Personal services
<br />2,354,047
<br />335,419
<br />2,689,466
<br />Materials, supplies, services and
<br />other operating
<br />4,092,784
<br />639,430
<br />4,732,214
<br />Depreciation and amortization
<br />1,430,158
<br />24,401
<br />1,454,559
<br />Total operating expenses
<br />7476,989
<br />999,250
<br />8,876,239
<br />Operating Income (Loss)
<br />(330,317)
<br />(24,454)
<br />(354,771)
<br />Nonoperating Revenues (Expenses):
<br />Interest income
<br />758,197
<br />-
<br />758,197
<br />Operating grants
<br />61,741
<br />61,741
<br />Gain on disposal of equipment
<br />7,794
<br />1,002
<br />8,796
<br />Interest expense
<br />Amortization
<br />(722,216)
<br />-
<br />(722,216)
<br />expense
<br />Loss on disposal of equipment
<br />(4,921)
<br />(29,451)
<br />-
<br />-(29,451)
<br />(4,921)
<br />Total nonoperating revenues
<br />(expenses)
<br />71,144
<br />1,002
<br />72,146
<br />Operating Transfers:
<br />Operating transfers in
<br />64,939
<br />-
<br />64,939
<br />Income (Loss) Before Extraordinary Gain
<br />(194,234)
<br />(23,452)
<br />(217,686)
<br />Extraordinary Gain on Defeasance of Debt
<br />77,069
<br />-
<br />77,069
<br />Net Income (Loss)
<br />Add: Depreciation on Fixed Assets Acquired
<br />(117,165)
<br />(23,452)
<br />(140,617)
<br />with Contributed Capital
<br />540,967
<br />-
<br />540,967
<br />Increase (Decrease) in Retained Earnings
<br />423,802
<br />(23,452)
<br />400,350
<br />Retained Earnings (Deficit) at Beginning of Year
<br />5,386,558
<br />(270,790)
<br />5,115,768
<br />Retained Earnings (Deficit) at End of Year
<br />$5,810,]60
<br />SS 1294,242)
<br />g5.5�118
<br />The accompanying notes are an integral
<br />part of the financial - statements.
<br />11.
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