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<br />Enterprise Funds
<br />The activities of the Enterprise funds include the municipal liquor, garbage, sewer, water and electric. The electric and water
<br />operations, under the direction of the l.~tilities Commission, arc included in the financial statements since Council has the
<br />uhimate oversieht responsiUility for their operations.
<br />Municipal Liquor Fund
<br />City of F,Ik River
<br />March 13, 2008
<br />Yage ] 3
<br />The followin, is a summary of operations in the Municipal Liquor fund for the past three years:
<br />2005
<br />2006
<br />2007
<br /> Amount Percent Amount Percent Amount Percent
<br />Sales 5 4,801,541 ]00.0 % $ 5.892950 100.0 % S 6,03(i,7~6 100.0 "/n
<br />Cost of salts (3.505,709) (73.0) (4335.420) (71.8) (4,318,304) (71.5)
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<br />Giros profit 1 295,832 27.0 1.664,530 282 1,718,452 285
<br />Operali~g re~~enues' 4,720 0.1 8.818 O.I 6,332 0.1
<br />Operating expenses (797,423) (16.6) (919,166) (15.6) (931,356) (15.4)
<br />Operating income 502,929 10.5 754.182 72.7 793,42R 132
<br />Sonopcrating
<br />revenues 7504 0.2 35,612 0.(i 80,814 1.3
<br />Trausfcrs out (233300) (4-9). (233.300] (4.Oj (267,700) (4.4)
<br />Change in net assets S 277,133 5.8 % S 556,494 9.3 "/~ S 606,542 10.1
<br />Cash and investments S ],681,215 S 2.277,746 S 2,977,703
<br />Bonds payable S 1,200.000 S 1.200,000 S 1,150,000
<br />Municipal Liquor Fund Operations Summary
<br />$7,000,000
<br />$6,000,000
<br />$5,000,000
<br />$4,000,000
<br />$3,000,000
<br />$2,000,000
<br />$1,000,000
<br />$-
<br />D Sales ('Gross profit'("Operating income °'`~""Change in net assets Cash and investment
<br />Safes, gross profit, operating income, and change in ne[ assets all increased each year since 2005.
<br />952.i33o9090 C'ax 95Z.8:SS.:S261
<br />www.eemcpxe.corv
<br />2005 2006 2007
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