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e <br />limitation, the cost of any land or interest therein or of any <br />fixtures, equipment or personal property necessary or convenient <br />therefor; the cost of labor and materials to complete such <br />construction; engineering and legal expenses; fiscal expenses; <br />expenses for estimates of costs and of revenues; expenses for <br />plans, specifications and surveys; interest during construction; <br />repayment of interim financing obligations of the Issuer issued <br />with respect to the Project; and administrative expenses related <br />solely to the acquisition and construction of the Project.. <br />"Fiscal Year" shall mean the period commencing on <br />October 1 of each year and continuing to and including the suc- <br />ceeding September 30. <br />"Government" shall mean the United States of America, <br />acting through the Farmers Home Administration, U.S. Department <br />of Agriculture. <br />"Gross Revenues" shall mean all moneys received from <br />rates, fees, rentals or other charges or income received by the <br />Issuer or accruing to it in the management_ and operation of the <br />System, all calculated ip accordance with accepted accounting <br />methods employed in the operation of public water and sewer <br />systems similar to the System. <br />"Instrument" shall mean this resolution and all resolu- <br />tions amendatory hereof which may be hereafter duly adopted by <br />the Issuer. <br />"Issuer" shall mean Indian River County, Florida. <br />"Net Revenues" shall mean Gross Revenues less Operating <br />Expenses. <br />"Operating Expenses" shall mean the current expenses, <br />paid or accrued, for the operation, maintenance and repair of all <br />facilities of the System, as calculated in accordance with such <br />accepted accounting methods, and shall include, without limiting <br />the generality of the foregoing, insurance premiums, administra- <br />tive expenses of the Issuer related solely to the System, labor, <br />cost of materials and supplies used for such operation and <br />charges for the accumulation of appropriate reserves for current <br />expenses not annually recurrent but which are such as may rea- <br />sonably be expected to be incurred in accordance with such <br />accepted accounting methods, but shall exclude payments into the <br />Sinking Fund or the Reserve Account therein and any allowance for <br />depreciation or for renewals or replacements of capital assets of <br />the System. <br />"Operation and Maintenance Fund" shall mean the account_ <br />created pursuant to the provisions of Section 3.04(D) of this <br />-2- <br />JAN 2 � <br />�_ 1980 Boa 43 ix -[920 <br />