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Indian River County, Florida
<br />COMBINING STATEMENT OF REVENUFS, EXP NS S
<br />AND CHANGES IN RETA D ARNIN UDEF=
<br />ALL ENTERPRISE RINDS
<br />For the Year Ended September 30, 1995
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income
<br />Solid Waste
<br />77,001
<br />Operating grants
<br />Disposal
<br />Golf
<br />Gain on disposal of equipment
<br />_ District
<br />Course
<br />OPERATING REVENUES
<br />(380,832)
<br />(461,332)
<br />Charges for services
<br />$ 8,070,761
<br />$ 2,665,201
<br />Total operating revenues
<br />8,070,781
<br />2,665,201
<br />OPERATING EXPENSES
<br />Personal services
<br />1,875,501
<br />1,111,792
<br />Materials, supplies, services and other operating
<br />3,426,477
<br />813,523
<br />Depreciation
<br />1,497,543
<br />230,336
<br />Total operating expenses
<br />6,799,521
<br />2,155,651
<br />101,839
<br />Operating Income
<br />1,271,260
<br />509.550
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income
<br />579,747
<br />77,001
<br />Operating grants
<br />262,395
<br />-
<br />Gain on disposal of equipment
<br />21,397
<br />500
<br />Interest expense
<br />(380,832)
<br />(461,332)
<br />Bond amortization expense
<br />(23,116)
<br />(23,880)
<br />Intangible amortization expense
<br />(9,867)
<br />_
<br />Loss on disposal of equipment
<br />Total non-operating revenues (expenses)
<br />449,724
<br />(407,711)
<br />Net Income
<br />1,720,984
<br />101,839
<br />Add: Depreciation on contributed assets
<br />98,082
<br />Net Increase in Retained Earnings
<br />1,819,066
<br />101,839
<br />Retained Earnings (Deficit) at Beginning of Year
<br />_ _61734,576
<br />__1,215,935)
<br />Retained Earnings (Deficit) at End of Year
<br />S.—t-53.¢42
<br />S__ -- --0-1 Wft
<br />The accompanying notes are an integral pan of the financial statements.
<br />67
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