3.5. SR 11-28-1994 - Laserfiche WebLink

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LIQUOR STORE FUND e Provides for the total operation of the Elk River Municipal Liquor store as authorized by Minnesota State Law and the Elk River City Council. 1995 BUDGET COMPARED WITH 1994 BUDGET The 1995 planned operating expenditures for the Municipal Liquor Store are listed on the adjacent page. The 1994 and 1995 year end income projections are shown below. The 1995 Municipal Liquor Store budget is planned in the amount of $495,350. This is a $2,400 decrease from the adopted 1994 budget. Most of the liquor store expenditures are fairly stable from year to year. There are some annual increases in personal services and most of the line items in the supplies and charges and contractual services categories tend to go up slightly on an annual basis due to inflation. The Liquor Store budget deviates greatly from year to year in only the capital outlay category and sometimes in the transfers out category. This is where most of the change in the 1995 budget is located as compared to the 1994 budget. In this regard, capital outlay requests decreased by $49,000 and the transfer out to the general fund is scheduled to increase by $40,000 in 1995. e The liquor store budget overall decrease is due to limited capital outlay expenditures taking place in 1995, especially when compared to what was planned in 1994. It should be noted that the $50,000 building expansion proposal did not take place in 1994 and these budgeted funds were not spent. In 1995, the Liquor Store facility is somewhat in a status quo position until it is determined how the property in its vicinity will develop. The transfers out to the general fund increased by $40,000 in 1995 to a total of$125,050. This $40,000 increase is almost a 50 percent increase in this line item. e Cost of Sales Gross Profit Operating Expenses Operating Income Other Revenue (Expenses) Interest Income Net Income Before Transfers Transfers In (Out) City Hall Reserve Fund General Fund General Fund-Fire Lease Income After Transfers Capital Outlay Balance After Capital Outlay 1995 Projected $2,300,000 1. 778.000 522,000 308.900 213,100 25,000 238,100 1994 Adopted $2,400,000 1 ,848,000 552,000 302,300 249,700 15.000 264,700 (30,000) (125,050) (28,400) 54,650 (3,000) $51,650 (30,000) (85,050) (28.400) 121,250 (52,000) $69,250