Laserfiche WebLink
The Office of the State Auditor annually publishes a report analyzing the operation of municipal liquor stores in the State. The <br />most recent year of published information is for the year ended December 31, 2013. The statewide averages for all operations are <br />summarized below. <br />Sales <br />Cost of sales <br />2011 <br />Percent <br />of Sales <br />100.0 % <br />Off Sale <br />2012 <br />Percent <br />of Sales <br />100.0 % <br />2013 <br />Percent <br />of Sales <br />100.0 % <br />Gross profit 25.4 25.8 26.0 <br />Operating expenses 17.1 16.5 16.9 <br />Operating income 8.3 9.3 9.1 <br />Nonoperating revenue (expense) 0.1 (0.2) (0.3) <br />Income before transfers 8.4 % 9.1 % 8.8 % <br />Source: Analysis of Municipal Liquor Store Operations, for the year ended December 31, 2013. <br />Published by the Minnesota Office of the State Auditor <br />$ 8,000,000 <br />$7,000,000 <br />$6,000,000 <br />$5,000,000 <br />$4,000,000 <br />$3,000,000 <br />$2,000,000 <br />$1,000,000 <br />Municipal Liquor Fund Operations Summary <br />Sales, $6,516,386 Sales, $6,753,521 Sales, $6,823,719 <br />I <br />GP 28.8% GP 30.3% GP 30.4% <br />12.9% 14.2% 16.9% <br />2012 <br />2013 <br />2014 <br />Gross profit Cost of sales ♦ Sales (Operating expenses -I- Income before transfers <br />Sales, gross profit and operating income increased consecutively the past three years. The gross profit percent of the City for the <br />last three years of 28.8 - 30.4 percent remains above the state -wide average. Also, the City's percentage of income before <br />transfers of 12.9, 14.2, and 16.9 for 2012, 2013, and 2014, respectively, is significantly above the statewide averages. <br />People <br />Be dthe <br />-12- Numbers <br />