|
CITY OF ELK RIVER, MINNESOTA
<br />MUNICIPAL LIQUOR FUND
<br />COMPARATIVE BALANCE SHEETS
<br />DECEMBER 31, 2001 AND 2000
<br />
<br />EXHIBIT E-7
<br />
<br />2001 2000
<br />
<br />ASSETS
<br />CURRENT ASSETS
<br /> Cash and investments
<br /> Receivables:
<br /> Interest
<br /> Accounts
<br /> Inventories
<br />
<br />TOTAL CURRENT ASSETS
<br />
<br />1,805,708 $ 1,416,935
<br />
<br />18,115 11,722
<br />2,595
<br />373,278 411,238
<br />
<br />2,199,696 1,839,895
<br />
<br />FIXED ASSETS
<br /> Land and improvements
<br /> Buildings
<br /> Equipment, furniture and fixtures
<br />
<br />TOTAL FIXED ASSETS, COST
<br />LESS ACCUMULATED DEPRECIATION
<br />
<br />TOTAL FIXED ASSETS, NET
<br />
<br />TOTAL ASSETS
<br />
<br />823,761 823,761
<br />1,394,887 1,394,887
<br />154,012 149,203
<br />
<br />2,372,660 2,367,851
<br />517,145 443,128
<br />
<br />1,855,515 1,924,723
<br />
<br />$ 4,055,211 $ 3,764,618
<br />
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br /> Accounts payable
<br /> Salaries and benefits payable
<br /> Bonds payable, current portion
<br />
<br />TOTAL CURRENT LIABILITIES
<br />
<br />$ 204,413
<br /> 31,342
<br /> 140,000
<br />
<br />375,755
<br />
<br />$ 207,695
<br /> 28,537
<br /> 80,000
<br />
<br />316,232
<br />
<br />LONG-TERM LIABILITY
<br /> Bonds payable, less current portion above
<br />
<br />TOTAL LIABILITIES
<br />
<br />780,000
<br />
<br />1,155,755
<br />
<br />920,000
<br />
<br />1,236,232
<br />
<br />FUND EQUITY
<br /> Retained earnings -
<br /> Unreserved
<br />
<br />TOTAL LIABILITIES AND FUND EQUITY
<br />
<br />2,899,456
<br />
<br />$ 4,055,211
<br />
<br />2,528,386
<br />
<br />$ 3,764,618
<br />
<br />?2
<br />
<br />
<br />
|