|
<br />LIQUOR STORE
<br />
<br />.
<br />
<br />Provides for the total operation of the Elk River Municipal Liquor store
<br />as authorized by Minnesota State Law and the Elk River City Council.
<br />
<br />2001 BUDGET COMPARED WITH 2000 BUDGET
<br />
<br />The 2001 municipal liquor store operating budget is planned in the amount of
<br />$790,900. This is an $8,100 or 1 percent increase from the adopted 2000
<br />budget. The largest increase in this budget is for personal services and this
<br />budget category went up $16,600. This increase is slightly offset by decreases
<br />in the building debt payment, the transfers out to the city hall debt service,
<br />and in the building depreciation. The capital outlay expense is to add a four
<br />door cooler and to remove some carpet near the coolers and replace it with
<br />tile.
<br />
<br />The 2001 estimated income statement for the liquor store is shown below.
<br />The sales figures have increased significantly from the adopted 2000 budget
<br />and this 2000 figure is believed to be a low estimate. The 2001 projection is
<br />based on the 1999 actual sales figures plus a 5 percent per year increase. The
<br />2001 sales figure is up 16.2 percent from the 2000 budget, but up only 10.15
<br />percent from the 1999 actual sales amount. The year end balance amount
<br />shows a large increase from the adopted 2000 budget. The projected balance
<br />. figure is $147,450.
<br />
<br />The liquor store operation has a manager plus 4 full time and between 4 and
<br />7 part time employees.
<br />
<br />SALES
<br />COST OF SALES
<br />GROSS PROFIT
<br />OPERATING EXPENSES
<br />OPERATING INCOME
<br />OTHER INCOME:
<br />INTEREST INCOME
<br />MISCELLANEOUS
<br />INCOME BEFORE TRANSFERS
<br />TRANSFERS OUT
<br />INCOME AFTER TRANSFERS
<br />CAPITAL OUTLAY
<br />DEBT SERVICE
<br />BALANCE
<br />
<br />1998
<br />ACTUAL
<br />$3,074,852
<br />2,383,340
<br />691,512
<br />455,045
<br />236,467
<br />
<br />24,751
<br />94,824
<br />356,042
<br />131,651
<br />224,391
<br />
<br />170,863
<br />53,528
<br />
<br />.
<br />
<br />1999
<br />ACTUAL
<br />$3,478,937
<br />2,652,392
<br />826,545
<br />431,835
<br />394,710
<br />
<br />22,309
<br />1,524
<br />418,543
<br />141,250
<br />277,293
<br />5,662
<br />145,961
<br />125,670
<br />
<br />2000
<br />ESTIMATED
<br />$3,293,000
<br />2,537,600
<br />755,400
<br />473,200
<br />282,200
<br />
<br />12,000
<br />19,700
<br />313,900
<br />151,550
<br />162,350
<br />12,000
<br />146,050
<br />4,300
<br />
<br />2001
<br />ESTIMATED
<br />$3,826,400
<br />2,920,050
<br />906,350
<br />490,150
<br />416,200
<br />
<br />30,000
<br />2,000
<br />448,200
<br />148,300
<br />299,900
<br />11 ,500
<br />140,950
<br />147,450
<br />
|