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Municipal Liquor Fund <br />City of Elk River <br />Financial Analysis <br />Municipal Liquor Fund <br />ao,Um'Uw <br />$5,000,000 <br />$4,000,000 <br />$3,000,000 <br />$2,000,000 <br />$1,000,000 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />■Cash and Investments <br />$4,150,475 <br />$4,649,254 <br />$5,023,743 <br />$4,713,463 <br />$3,978,266 <br />■ Unrestricted Net Position <br />4,296,260 <br />4,732,801 <br />5,111,153 <br />5,005,721 <br />4,334,085 <br />As of December 31, 2022, the Municipal Liquor Fund had an ending net cash and investment balance of <br />$3,978,266. This is a decrease of $735,197 compared to 2021. Unrestricted net position at year-end was <br />$4,334,085, a decrease of $671,636 compared to the prior year. Both balances decreased as transfers out <br />of $1.0 million were made out of the Municipal Liquor Fund for 2022. Unrestricted net position has <br />increased by $37,825, or 0.9%, over the last five years when comparing 2022 to 2018. <br />Rol <br />