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<br />Northbound Liquor
<br />Profit and Loss History
<br />and End of Year 2004 Estimate
<br />
<br /> Projected End of Year to Date
<br /> Year 2004 Sect. 3. 2004 2003 2002 2001
<br />Sales $ 4,318,000 $ 2,758,091 $ 4,152,235 $ 4,072,018 $ 3,981 ,509
<br />Cost of Sales 3,195,320 1,907,573 3,040,286 2,997,847 2,962,967
<br />Gross Profit 1,122,680 850,518 1,111,949 1,074,171 1,018,542
<br />Operating Revenues 5,000 3,402 4,041
<br />Operating Expenses 482,500 274,340 473,831 476,253 428,639
<br />Depreciation 63,000 63,000 65,880 69,664 74,017
<br />Operating Income (Loss) 577,180 513,178 576,279 528,254 515,886
<br />NonOperating Revenue (Expenses) (15,300) (4,499) (16,858) 6,025 3,484
<br />Income (Loss) Before Transfers 561,880 508,679 559,421 534,279 519,370
<br />Transfers Out 233,300 233,300 183,300 158,300 148,300
<br />Ice Arena 230,000 230,000
<br />Public Safety Building Project 120,000 120,000
<br />Net Income (Loss) (21,420) (74,621) 376,121 375,979 371,070
<br />Principai Retired 155,000 155,000 145,000 140,000 80,000
<br />
<br />Notes:
<br />2004 Depreciation is an estimate.
<br />Principal Outstanding: $480,000
<br />
<br />-Public Safety Building Project contribution may not be needed if funds are available in the construction
<br />fund.
<br />
<br />Prepared September 8, 2004
<br />Updated September 9, 2004
<br />
<br />9/10/2004
<br />Finance
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