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City of Elk River
<br />Financial Analysis
<br />Municipal Liquor Operations
<br />The following graph illustrates the current operations of the Municipal Liquor Fund for the past five
<br />years. Sales increased $689,791 in 2021 while expenses increased $555,767. The net effect of the
<br />changes in revenues and expenses is operating income of $936,948, an increase of $128,904 compared
<br />to 2020.
<br />Municipal Liquor Operations
<br />$2,500,000
<br />$2,000,000
<br />$1,500,000
<br />$1,000,000
<br />$500,000
<br />$
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />■ Gross Profit
<br />$2,022,237
<br />$2,081,377
<br />$2,215,089
<br />$2,245,745
<br />$2,379,769
<br />■ Operating Expenses
<br />1,105,442
<br />1,114,046
<br />1,372,517
<br />1,440,451
<br />1,448,717
<br />■ Operating Income without Depreciation
<br />1,040,201
<br />1,088,641
<br />968,662
<br />904,042
<br />1,031,887
<br />■ Operating Income
<br />921,015
<br />969,455
<br />845,376
<br />808,044
<br />936,948
<br />19
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