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Indian River County, Florida
<br />COMBINED cTATFMENT OF RFV N IEe APENSU
<br />AND C AN , ES IN RTARdF )-ARNIN .C.c
<br />ALL PROPRIETARY trrD TYPES AND DIcrRETF v
<br />PRESENTED COi570NFNT I INIT
<br />For the Year Ended September 30, 1995
<br />The accompanying notes are an integral part of the financial statements.
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<br />Primary
<br />Government
<br />Internal
<br />OPERATING REVENUES
<br />Enterprise
<br />Service
<br />Charges for services
<br />$ 25.222.642
<br />$ 2,002,028
<br />OPERATING EXPENSES
<br />Personal services
<br />Materials, supplies, services and other operating
<br />7,501,402
<br />504,961
<br />Depreciation
<br />7,257,596
<br />1,833,570
<br />Total Operating Expenses
<br />6,445,877
<br />_ 25,675
<br />21,204,875
<br />2,364,206
<br />Operating Income (Loss)
<br />4,017,767
<br />(362,178)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income
<br />grantsOperating 8ts
<br />2,435,678
<br />260,141
<br />Gain on disposal of equipment
<br />266,956
<br />218
<br />Interest expense
<br />26,284
<br />-
<br />Bond amortization expense
<br />(2,386,814)
<br />Intangible amortization expense
<br />,423)
<br />(12(222,867)
<br />'
<br />Loss on disposal of equipment
<br />Total Non -Operating Revenues (Expenses)
<br />(1,000)
<br />193.814
<br />260.359
<br />Income (Loss) Before Operating Transfers
<br />4,211,581
<br />(101,819)
<br />OPERATING TRANSFERS
<br />Operating transfers from primary government
<br />Net Income (Loss)
<br />4,211,581
<br />(101,819)
<br />Add: Depreciation on contributed assets
<br />2,113,820
<br />Increase (Decrease) in Retained Earnings
<br />6,325,401
<br />(101,819)
<br />Retained Earnings at Beginning of Year
<br />17,489,294
<br />2,500,991
<br />Retained Earnings at End of Year
<br />$ 23.814 695
<br />$_1399,172
<br />The accompanying notes are an integral part of the financial statements.
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