|
CITY OF ELK RIVER, MINNESOTA
<br />MUNICIPAL LIQUOR FUND
<br />COMPARATIVE BALANCE SHEETS
<br />DECEMBER 31, 2000 AND 1999
<br />ASSETS,
<br />CURRENT ASSETS
<br />FW0190311112M
<br />2000 1999
<br />- -----------
<br />Cash and investments
<br />$ 1,416,935
<br />$ 878,888
<br />Interest receivable
<br />11,722
<br />8,379
<br />Due from component unit
<br />-
<br />225,000
<br />Inventories
<br />411,238
<br />362,616
<br />TOTAL CURRENT ASSETS
<br />1,839,895
<br />1,474,883
<br />FIXED ASSETS
<br />920,000
<br />1,000,000
<br />Land and improvements
<br />823,761
<br />823,761
<br />Buildings
<br />1,394,887
<br />1,394,832
<br />Equipment, furniture and fixtures
<br />149,203
<br />154,881
<br />TOTAL FIXED ASSETS, COST
<br />2,367,851
<br />2,373,474
<br />LESS ACCUMULATED DEPRECIATION
<br />443,128
<br />372,201
<br />TOTAL FIXED ASSETS, NET
<br />1,924,723
<br />2,001,273
<br />TOTAL ASSETS
<br />$ 3,764,618
<br />$ 3,476,156
<br />LIABILITIES AND FUND EQUITY
<br />CURRENT LIABILITIES
<br />Accounts payable
<br />$ 207,695
<br />$ 191,588
<br />Salaries and benefits payable
<br />28,537
<br />26,284
<br />Bonds payable, current portion
<br />80,000
<br />80,000
<br />TOTAL CURRENT LIABILITIES
<br />316,232
<br />297,872
<br />LONG-TERM LIABILITY
<br />Bonds payable, less current portion above
<br />920,000
<br />1,000,000
<br />TOTAL LIABILITIES
<br />1,236,232
<br />1,297,872
<br />FUND EQUITY
<br />Retained earnings -
<br />Unreserved
<br />2,528,386
<br />2,178,284
<br />TOTAL LIABILITIES AND FUND EQUITY
<br />$ 3,764,618
<br />$ 3,476,156
<br />73
<br />
|