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Indian River County, Florida
<br /> Board of County Commissioners
<br /> Statement of Revenues, Expenses , and Changes in Fund Net Assets
<br /> Proprietary Funds
<br /> For the Year Ended September 30 , 2002
<br /> Business-type Activities
<br /> Enterprise Funds
<br /> Solid Waste Other
<br /> Disposal Golf County Enterprise
<br /> District Course Utilities Funds
<br /> OPERATING REVENUES
<br /> Charges for services $ 9,897,222 $ - $ - $ 2,0099737
<br /> Charges for services pledged as
<br /> security for revenue bonds - 23897,502 19,962,496
<br /> Total operating revenues 958979222 2,8973502 191962,496 2,0099737
<br /> OPERATING EXPENSES
<br /> Personal services 2,241 ,234 775,968 5 ,2055239 1 ,271 ,489
<br /> Material, supplies , services and
<br /> other operating 5,237,548 19412,823 49456,401 5673356
<br /> Depreciation 579,099 1979964 9,3729020 545399
<br /> Total operating expenses 8,057,881 29386,755 192033 ,660 1 , 893 ,244
<br /> Operating income ( loss) 15839,341 510,747 9285836 116,493
<br /> NONOPERATING REVENUES (EXPENSES)
<br /> Interest income 654,896 - - 1215925
<br /> Interest income pledged as
<br /> security for revenue bonds - 30,400 2,983 ,032 -
<br /> Gain on disposal of equipment 800 255 11 ,845 2,200
<br /> Interest expense - (384,483 ) (49150, 155) -
<br /> Bond amortization expense - ( 149742) (98,388) -
<br /> Intangible amortization expense (91867) - ( 153000) -
<br /> Loss on disposal of equipment _ _ (868) _
<br /> Total nonoperating revenues (expenses) 645,829 (368, 570) ( 11269,534) 1245125
<br /> Income before transfers and
<br /> capital contributions 2,4859170 142, 177 (3409698) 240,618
<br /> Transfers - - - 158,048
<br /> Capital contributions - - 8,345 ,763 33 ,925
<br /> Capital contributions pledged as
<br /> security for revenue bonds - - 21876,351
<br /> Change in net assets 2,4853170 142, 177 10,881 ,416 4327591
<br /> Total net assets - beginning 25 ,5293897 2989415 138,078,710 4,472,847
<br /> Total net assets - ending $ 28,0151067 $ 440,592 $ 148,960, 126 $ 4,905 ,438
<br /> The accompanying notes are an integral part of the financial statements .
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