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Enterprise Funds
<br />The activities of the Enterprise funds include the municipal liquor, garbage, sewer, storm water, water and electric. The electric and
<br />water operations, under the direction of the Utilities Commission, are included in the financial statements since City Council has the
<br />ultimate 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 />2013 2014 2015
<br />Sales
<br />Cost of sales
<br />Gross profit
<br />Operating revenues
<br />Operating expenses
<br />Operating income
<br />Nonoperating
<br />Total Percent Total Percent
<br />$ 6,753,521 100.0 %
<br />(4,705,979) (69.7)
<br />2,047,542 30.3
<br />3,060 -
<br />(1,000,781) (14.8)
<br />1,049,821 15.5
<br />$ 6,823,719 100.0 %
<br />(4,750,195) (69.6)
<br />2,073,524 30.4
<br />1,623 -
<br />(1,026,678) (15.0)
<br />1,048,469 15.4
<br />Total Percent
<br />$ 6,972,614 100.0 %
<br />(4,905,302) (70.4)
<br />2,067,312 29.6
<br />1,722 -
<br />(1,039,824) (14.9)
<br />1,029,210 14.7
<br />revenues (expenses) (87,003) (1.3) 105,639 1.5 35,687 0.5
<br />Transfers out (672,289) (10.0) (685,060) (10.0) (689,718) (9.9)
<br />Change in net position $ 290,529 4.2 % $ 469,048 6.9 % $ 375,179 5.3
<br />Municipal Liquor Fund Cash Balance
<br />$3,500,000
<br />$3,000,000
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />2013 2014 2015
<br />Unrestricted —*--Minimum target balance (one year of operating expenses)
<br />Cash continues to remain strong in relation to operations. The increase in cash for 2015 was a result of net cash provided by
<br />operations of $906,743 and cash provided by investing activities of $33,668 exceeding transfers out of $689,718.
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