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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, 2020
<br />OPERATING REVENUES
<br />Charges for services
<br />Total operating revenues
<br />Business -type Activities -
<br />Solid Waste
<br />Disposal Golf
<br />District Course
<br />$ 16,638,875 $ 3,234,590
<br />16,638,875 3,234,590
<br />OPERATING EXPENSES
<br />Personal services 865,765 633,933
<br />Material, supplies, services and other operating 13,790,934 1,912,628
<br />Depreciation 1,171, 336 252,108
<br />Total operating expenses 15,828,035 2,798,669
<br />Operating income (loss) 810,840 435,921
<br />NONOPERATING REVENUES (EXPENSES)
<br />Intergovernmental 193,378
<br />Interest income 463,843 17,359
<br />Gain on disposal of assets 4,220 156
<br />Interest expense (15,496)
<br />Loss on disposal of assets -
<br />Total nonoperating revenues (expenses) 661,441 2,019
<br />Income (loss) before transfers and capital grants
<br />and contributions 1,472,281 437,940
<br />Capital grants and contributions 18,553
<br />Transfers (777,875)
<br />Change in net position 694,406 456,493
<br />Total net position - beginning 50,306,558 8,894,755
<br />Total net position - ending $ 51,000,964 $ 9,351,248
<br />The accompanying notes are an integral part of the financial statements.
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