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Indian River County, Florida
<br /> Statement of Revenues, Expenses, and Changes in Fund Net Assets
<br /> Proprietary Funds
<br /> For the Year Ended September 30 , 2007
<br /> Business-type Activities - Enterprise Funds
<br /> Solid Waste
<br /> Disposal Golf County
<br /> District Course Utilities
<br /> OPERATING REVENUES
<br /> Charges for services $ 11 , 946 , 566 $ - $ -
<br /> Charges for services pledged as
<br /> security for revenue bonds - 3 , 3741772 27 , 541 , 849
<br /> Total operating revenues 11 , 946 , 566 3 , 3745772 2755419849
<br /> OPERATING EXPENSES
<br /> Personal services 298225334 859 , 918 7 , 8955192
<br /> Material , supplies , services and
<br /> other operating 617195521 1 , 810 , 391 13 , 050 , 038
<br /> Depreciation 779 , 709 196 , 030 1332575797
<br /> Total operating expenses 10 , 3215564 2 , 8665339 345203 , 027
<br /> Operating income (loss) 1 , 6255002 5085433 (6 , 661 , 178 )
<br /> NONOPERATING REVENUES (EXPENSES)
<br /> Interest income 2 , 357 , 398 - -
<br /> Interest income pledged as
<br /> security for revenue bonds - 2107 6 , 576 , 873 `
<br /> Operating grants 58 ,977 1 , 423 115626
<br /> Gain on disposal of equipment 102 , 266 210 25 , 480
<br /> Interest expense - ( 1763993 ) (3 , 031 , 300)
<br /> Bond amortization expense - (41 , 505 ) (276 , 476)
<br /> Intangible amortization expense (9 , 867 ) - -
<br /> Loss on disposal of equipment - - (75423 )
<br /> Total nonoperating revenues (expenses ) 2 , 508 , 774 ( 1949998 ) 35298 , 780
<br /> Income before transfers and
<br /> capital contributions 4 , 133 , 776 3135435 (3 , 362 , 398 )
<br /> Capital contributions - - (8 , 906, 491 )
<br /> Capital contributions pledged as
<br /> security for revenue bonds - - 18 , 635 , 862
<br /> Transfers in - - -
<br /> Transfers out (2 , 679 ) - (65 , 818 )
<br /> Change in net assets 4 , 131 , 097 3133435 6 , 301 , 155
<br /> Total net assets - beginning 42 , 7925947 1 , 816 , 063 243 , 6735098
<br /> Total net assets - ending $ 46 , 924 , 044 $ 2 , 129 , 498 $ 249 , 9749253
<br /> The accompanying notes are an integral part of the financial statements .
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