Laserfiche WebLink
<br />LIQUOR STORE FUND <br /> <br />. <br /> <br />Provides for the total operation of the Elk River Municipal <br />Liquor store as authorized by Minnesota State Law and the <br />Elk River City Council. <br /> <br />1994 BUDGET COMPARED WITH 1993 BUDGET <br /> <br />The 1994 planned operating expenditures for the Municipal <br />Liquor store are listed on the adjacent page. The projection <br />for 1993 year end income and an estimated 1994 year end income <br />statement are shown below. <br /> <br />The 1994 Municipal Liquor Store budget is planned in the amount <br />of $497,750. This is a $48,550 or 10.8% increase over the <br />adopted 1993 budget. <br /> <br />The Personal Services category is projected to increase $13,200 <br />or 7% over the adopted 1993 budget. This increase is due <br />mainly to more part-time help being needed at the store and a <br />significant increase in the Employee Insurance line item. The <br />supplies and Charges category decrease is offset by a <br />contractual Services category increase. This is a result of <br />shifting the Advertising line item from one category to <br />another. The increase in the Other Charges category is due to <br />an increase in the Depreciation line item. The $10,000 <br />decrease in Transfers is located in the City Hall reserve line <br />item. <br /> <br />. <br /> <br />The biggest change in this budget is in the Capital Outlay <br />category. Funds in this category are for an expansion of the <br />liquor store facility. This mayor may not happen depending on <br />the cost estimates for this project and the desires of the City <br />Council. If an economical minor square footage expansion can <br />take place on the south and west sides of the building, which <br />would also allow for an enclosed entryway, then this proposal <br />will be submitted to the City Council in 1994 for its <br />consideration. It is appropriate to at least provide some <br />monies in the proposed budget for this possible project. <br /> <br /> 1994 1993 <br /> Proiected Budqet <br /> Sales $ 2,400,000 $ 2,220,000 <br /> Cost of Sales 1,848,000 1,709,400 <br /> Gross Profit $ 552,000 $ 510,600 <br /> Operating Expenses 302,300 284,500 <br /> Operating Income $ 249,700 $ 226,100 <br /> Other Revenue (Expenses) <br /> Interest Income 15,000 20,000 <br /> Miscellaneous (Capital outlay) (52,000) (14,250) <br /> Net Income Before Transfers $ 212,700$ $ 231,850 <br /> Transfers In (Out) <br /> City Hall Reserve Fund (30,000) (40,000) <br />. General Fund (85,050) (85,050) <br />General Fund-Fire Lease (28,400) (28,400) <br /> Income After Transfers $ 69,250 $ 78,400 <br />