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CITY OF ELK RIVER, MINNESOTA
<br /> MUNICIPAL LIQUOR FUND
<br />COMPARATIVE STATEMENTS OF REVENUE, EXPENSES
<br />AND CHANGES IN RETAINED EARNINGS
<br /> YEARS ENDED DECEMBER 31,2001 AND 2000
<br />
<br />EXHIBIT E-8
<br />
<br /> % of
<br />2001 Sales
<br />
<br />2OOO
<br />
<br />% of
<br />Sales
<br />
<br />OPERATING REVENUE
<br /> Sales
<br /> Less cost of sales
<br />
<br />GROSS PROFIT
<br />
<br />OPERATING EXPENSES
<br /> Personal services
<br /> Professional services
<br /> Utilities
<br /> Maintenance and repairs
<br /> Insurance
<br /> Depreciation
<br /> Printing and advertising
<br /> Supplies and miscellaneous
<br />
<br />TOTAL OPERATING EXPENSES
<br />
<br />OPERATING INCOME
<br />
<br />NONOPERAT1NG REVENUE (EXPENSE)
<br /> Interest income
<br /> Miscellaneous revenue
<br /> Interest expense
<br /> Loss on disposal of fixed assets
<br />
<br />TOTAL NONOPERATING REVENUE (EXPENSE)
<br />
<br />INCOME BEFORE TRANSFERS
<br />
<br />OPERATING TRANSFERS OUT
<br />
<br />NET INCOME
<br />
<br />RETAINED EARNINGS, JANUARY
<br />
<br />RETAINED EARNINGS, DECEMBER 31
<br />
<br />$ 3,981,509 100.00
<br />2,962,967 74.42
<br />
<br />1,018,542 25.58
<br />
<br />310,016 7.79
<br />2,982 0.07
<br />27,051 0.68
<br />15,305 0.38
<br />5,083 0.13
<br />74,017 1.86
<br />21,577 0.54
<br />46,625 1.17
<br />
<br />502,656 12.82
<br />515,886 12.96
<br />
<br />60,412 1.52
<br />4,O32 0.10
<br />(60,960) (1.53)
<br />- 0.00
<br />
<br />3,484 0.09
<br />
<br />519,370 13.05
<br />
<br />(148,300) (3.72)
<br />
<br />371',070 9.33
<br />
<br />2,528,386
<br />
<br />$ 2,899,456
<br />
<br />$ 3,788,048
<br /> 2,846,326
<br />
<br />941,722
<br />
<br />279,743
<br />2,100
<br />23,825
<br />6,548
<br />4,366
<br />75,664
<br />14,251
<br />44,700
<br />
<br />451,197
<br />490,525
<br />
<br />78,782
<br /> 4,106
<br />(66,040)
<br />(10,871)
<br />
<br />5,977
<br />
<br />496,502
<br />
<br />(146,400)
<br />
<br />350,102
<br />
<br />2,178,284
<br />
<br />$ 2,528,386
<br />
<br />100.00
<br />75.14
<br />
<br />24.86
<br />
<br /> 7.38
<br /> 0.06
<br /> 0.63
<br /> 0.17
<br /> 0.12
<br /> 2.00
<br /> 0.38
<br /> 1.18
<br />
<br />11.92
<br />12.94
<br />
<br />2.08
<br />0.11
<br />(1.74)
<br />(0.29)
<br />
<br />0.16
<br />
<br />13.10
<br />
<br />(3.86)
<br />
<br />9.24
<br />
<br />?3
<br />
<br />
<br />
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