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LIQUOR STORE FUND
<br />
<br />Provides for the total operation of the Elk River Municipal Liquor
<br />store as authorized by Minnesota State Law and the Elk River City
<br />Council.
<br />
<br />1997 BUDGET COMPARED WITH 1996 BUDGET
<br />
<br />The 1997 municipal liquor store budget is planned in the amount of
<br />$876,200. This is a $393,150 increase from the adopted 1996 budget. Almost
<br />all of the increase is located in the capital outlay category. The 1997 budget
<br />proposal includes $400,000 in capital outlay expenses for the purchase of
<br />land for a future westbound liquor store and $25,000 for the refurbishing of
<br />the old Northbound store in order to make this facility leaseable to another
<br />business.
<br />
<br />The 1997 revenues projection for gross operating profits are listed below.
<br />Excluding the capital outlay expenditures, which will be funded from the
<br />hquor store reserves, the revenues projected for 1997 exceed the proposed
<br />expenditures and this includes the depreciation expenses and the transfers
<br />out expenses. Any excess revenues over expenditures will be placed into the
<br />liquor store reserve for future capital outlay expenditures such as the
<br />planned new northbound store.
<br />
<br />All expenses associated with a new northbound store project are not in the
<br />proposed 1997 operating budget. Any furniture, fixtures or equipment that is
<br />needed for the new facility will be funded outside of. the operating budget.
<br />
<br />1994 1995 1996 1997
<br />ACTUAL ACTUAL ESTIMATED ESTIMATED
<br />
<br />SALES
<br />COST OF SALES
<br />GROSS PROFIT
<br />OPERATING EXPENSES
<br />OPERATING INCOME
<br />OTHER INCOME:
<br />INTEREST INCOME
<br />MISCELLANEOUS
<br />INCOME BEFORE TRANSFERS
<br />TRANSFERS OUT
<br />INCOME AFTER TRANSFERS
<br />CAPITAL OUTLAY
<br />BALANCE AFTER CAP. OUTLAY
<br />
<br />$2,334,287 $2,420,704 $2,350,000 $2,605,000
<br />1,800,784 1,857,526 1,815,000 2,024,500
<br />533,503 563,178 535,000 580,500
<br />266,204 275,855 318,250 322,750
<br />267,299 287,323 216,750 257,750
<br />
<br /> 38,394 36,612 38,000 10,000
<br /> 819 637 - -
<br /> 306,512 324,572 254,750 267,750
<br /> 173,450 183,450 163,450 153,450
<br /> 133,062 141,122 91,300 114,300
<br /> 8,549 430,424 1,350 400,000
<br /> 124,513 (289,302) 89,950 (285,700)
<br />
<br />Liquor
<br />Beer
<br />Wine
<br />Pop
<br />Other Taxable Sales
<br />Othcr Non-taxable Sales
<br />Freight
<br />
<br />REVENUE ANALYSIS
<br />
<br /> Sales
<br />..................................... $ 738,000
<br />..................................... 1,465,000
<br />..................................... 265,000
<br />..................................... 3,000
<br />..................................... 113,000
<br />..................................... 21,000
<br />
<br />Cost of Sales
<br />
<br />572,000
<br />1,132,0O0
<br />195,0O0
<br />2,500
<br />95,000
<br />18,OO0
<br />10,000
<br />
<br />2,605,000 2,024,500
<br />
<br />
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