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~~ ~ <br />Fund: Liquor Department: :Liyuur -- <br />Description of Services: The Liquor budget provides for the total operation of the EIk River <br />Municipal Liquor Stores as authorized by Minnesota State Law and the EIk River City Council. The <br />Municipal Liquor Stores also generate revenue for transfer to other City funds. <br />Goals for 2008 budget: <br />• Total sales of $6,120,000. <br />• Continue to use profits from liquor operations to finance visible and tangible uses. <br />• Continue employee server training. <br />• Defeat any anti-municipal liquor legislative bills. <br />• Work toward paying off debt early on Westbound store in 2012. <br />Perf~~rmance pleasures: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Staffing Le~-els: <br />2006 2007 2008 <br />Number of Employees (FTEs) 13 13 14 <br />Buci~;rct Sumin:iry: <br />The major changes in the budget for 2008 are outlined as follows: <br />• The addition of a full-time clerk in July 2008 to prepare for the retirement of the Assistant <br />Store Manager at Northbound. <br />• Additional transfer out of $109,500 for an Ice Arena Zamboni and new electric battery for <br />the Zamboni purchased new in 1999. <br />• Additional amounts due on the debt service on the Westbound store. <br />• Gross profit is budgeted to be 27.5% in 2008. <br />• No capital projects expected in 2008. <br />• Other Services & Charges includes depreciation expense of $125,500. <br /> 2006 Actual 2007 Projected 2008 Estimate <br />Annual Customer Count 264,445 265,400 266,400 <br />Sales er Customer $22.30 $22.75 $23.00 <br />Gross Profit on Sales 28.2% 26.0% 27.5% <br />Labor Cost as % of Sales 8.9% 9.1% 9.8% <br />of Sales 2006 2007 2008 <br />Li uor 31% 31% 31.5% <br />Beer 47% 46% 45% <br />Wine 17% 18% 19% <br />Misc. 4.5% 4.5% 4.5% <br />