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CITY 8FELK RIVER, MINNESOTA <br />MUNICIPAL LIQUOR FUND <br />COMPARATIVE STATEMENTS QFREVENUE, EXPENSES <br />AND CHANGES |NRETAINED EARNINGS <br />YEARS ENDED DECEMBER 31.28OOAND 1QQQ <br />74 <br />EXHIBIT E-8 <br />* 3,478.938 <br />2,652,392 <br />---'- <br />270,G17 <br />2,424 <br />22.317 <br />6.478 <br />5.987 <br />T8.&24 <br />13.103 <br />83.827 <br />22,309 <br />1.524 <br />347.583 <br />206,333 <br />%of <br />Sales <br />100.00 <br />70.24 <br />23.78 <br />7.78 <br />0.64 <br />0.18 <br />0.17 <br />2.21 <br />0.38 <br />0.98 <br />1242 <br />11.84 <br />0.64 <br />0.04 <br />(2.O4) <br />0.010, <br />(1,3G) <br />9,98 <br />(4.00) <br />5.92 <br />% of <br />2000 <br />Sales <br />OPERATING REVENUE <br />5a|oe <br />$ 3.788,048 <br />100.00 <br />Less cost mfsales <br />2,848.328 <br />7514 <br />GROSS PROFIT <br />041.722 <br />24�06 <br />OPERATING EXPENSES <br />Personal services <br />270.743 <br />738 <br />Professional services <br />2.100 <br />0.06 <br />Utilities <br />23,025 <br />0.63 <br />Maintenance and repairs <br />6.548 <br />0.17 <br />|neormnoa <br />4.366 <br />0.12 <br />Depreciation <br />75.664 <br />2.00 <br />Printing and advertising <br />14.261 <br />030 <br />Supplies and miscellaneous <br />44.700 <br />1.18 <br />TOTAL OPERATING EXPENSES <br />451.197 <br />11.92 <br />OPERATING INCOME <br />490,525 <br />12.94 <br />NO0[)PERAT|NGREVENUE (EXPENSE) <br />Interest income <br />78,782 <br />2.08 <br />Miscellaneous revenue <br />4.106 <br />0.11 <br />Interest expense <br />(66.040) <br />(1.74) <br />Loss ondisposal offixed assets <br />(10.871) <br />(0.29) <br />TUTALNQNOPERAT|NG REVENUE (EXPENSE) <br />5.977 <br />Q�16 <br />INCOME BEFORE TRANSFERS <br />496.502 <br />1110 <br />OPERATING TRANSFERS OUT <br />(146'400) <br />(3.88) <br />NET INCOME <br />850.102 <br />9.24 <br />==== <br />RETAINED EARNINGS, JANUARY 1 <br />2.178.284 <br />RETAINED EARNINGS, DECEMBER 31 <br />$ 2^528.388 <br />74 <br />EXHIBIT E-8 <br />* 3,478.938 <br />2,652,392 <br />---'- <br />270,G17 <br />2,424 <br />22.317 <br />6.478 <br />5.987 <br />T8.&24 <br />13.103 <br />83.827 <br />22,309 <br />1.524 <br />347.583 <br />206,333 <br />%of <br />Sales <br />100.00 <br />70.24 <br />23.78 <br />7.78 <br />0.64 <br />0.18 <br />0.17 <br />2.21 <br />0.38 <br />0.98 <br />1242 <br />11.84 <br />0.64 <br />0.04 <br />(2.O4) <br />0.010, <br />(1,3G) <br />9,98 <br />(4.00) <br />5.92 <br />