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Municipal Liquor
<br />A comparison of th
<br />
<br />Fund
<br />
<br />s past four year's municipal liquor and operations is as follows:
<br />
<br />Municipal LiquOr Fund Summary
<br />
<br />2000
<br />
<br />U-'--q Sales
<br />
<br />[4,500,000
<br />~4,000,000
<br />~3,500,000
<br />~3,000,000
<br />~2,500,000
<br />~2,000,000
<br />H,500,000
<br />H,000,000
<br />$500,000
<br />$-
<br />
<br />$3,788,048
<br />
<br />'~"~q~== Gross pre fit $941,722
<br /> Income b~ :fore transfer $496,502
<br /> Cash bala ace $1,416,935
<br />
<br />2001
<br />
<br />$3,981,509
<br />
<br />$1,018,542
<br />
<br /> $519,370
<br />
<br />$1,805,708
<br />
<br />Sales have increase
<br />transfers has remai~
<br />
<br />City of Elk River
<br /> March 19, 2004
<br /> Page Nine
<br />
<br />2002 2003
<br />$4,072,018
<br />$1,074,171
<br />$534,279
<br />$2,039,051
<br />
<br />$4,152,235
<br />
<br />$1,111,949
<br />
<br />$559,421
<br />
<br />$2,350,361
<br />
<br />d annually about 3 percent, the grols profit percentage has increased each year and the income before
<br />led consistent for the four years prelented. At the end of 2003, $635,000 in bonds remain to be paid.
<br />
<br />952.835.9090 ® Fax 952.835.3261 I
<br />www. aemcpas.com I
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