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Enterprise Funds
<br />The activities of the Enterprise funds include the municipal liquor, garbage, sewer, water and electric. The electric and water
<br />operations, under the direction of the Utilities Commission, are included in the financial statements since City Council has the ultimate
<br />oversight responsibility for their operations.
<br />Municipal Liquor Fund
<br />The following is a summary of operations in the Municipal Liquor fund for the past three years:
<br />2012 2013 2014
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />S-
<br />Municipal Liquor Fund Cash Balance
<br />2012 2013 2014
<br />� Unrestricted (Minimum target balance (one year of operating expenses)
<br />The 2014 change in net position increased due to an increase in sales and increase in interest income.
<br />Cash continues to remain strong in relation to operations. The increase in cash for 2014 was a result of net cash
<br />provided by operations of $1,178,678 and cash provided by investing activities of $106,310 exceeding transfers
<br />out of $685,060. People
<br />Be o Uthe
<br />-11- Nurribers
<br />Total
<br />Percent
<br />Total
<br />Percent
<br />Total
<br />Percent
<br />Sales
<br />$ 6,516,386
<br />100.0 %
<br />$ 6,753,521
<br />100.0 %
<br />$ 6,823,719
<br />100.0 %
<br />Cost of sales
<br />(4,638,550)
<br />(71.2)
<br />(4,705,979)
<br />(69.7)
<br />(4,750,195)
<br />(69.6)
<br />Gross profit
<br />1,877,836
<br />28.8
<br />2,047,542
<br />30.3
<br />2,073,524
<br />30.4
<br />Operating revenues
<br />8,848
<br />0.1
<br />3,060
<br />-
<br />1,623
<br />-
<br />Operating expenses
<br />(970,330)
<br />14.9
<br />(1,000,781)
<br />(14.8)
<br />(1,026,678)
<br />(15.0)
<br />Operating income
<br />916,354
<br />14.0
<br />1,049,821
<br />15.5
<br />1,048,469
<br />15.4
<br />Nonoperating
<br />revenues (expenses)
<br />(68,740)
<br />(1.1)
<br />(87,003)
<br />(1.3)
<br />105,639
<br />1.5
<br />Transfers out
<br />(468,667)
<br />(7.2)
<br />(672,289)
<br />(10.0)
<br />(685,060)
<br />(10.0)
<br />Change in net position
<br />$ 378,947
<br />5.7 %
<br />$ 290,529
<br />4.2 %
<br />$ 469,048
<br />6.9 %
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />S-
<br />Municipal Liquor Fund Cash Balance
<br />2012 2013 2014
<br />� Unrestricted (Minimum target balance (one year of operating expenses)
<br />The 2014 change in net position increased due to an increase in sales and increase in interest income.
<br />Cash continues to remain strong in relation to operations. The increase in cash for 2014 was a result of net cash
<br />provided by operations of $1,178,678 and cash provided by investing activities of $106,310 exceeding transfers
<br />out of $685,060. People
<br />Be o Uthe
<br />-11- Nurribers
<br />
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