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RELEVANT LINKS: <br />League of Minnesota Cities Information Memo: 5/10/2019 <br />Newspaper Publication Page 13 <br /> (2) Cities of 2,500 or less <br />Minn. Stat. § 471.698, subd. <br />1(c)(1). Cities with populations of 2,500 or less must publish a detailed statement <br />of the financial affairs of the city in a form that is prescribed by the state <br />auditor. The statement must be published within 90 days after the close of <br />the fiscal year in a qualified newspaper of general circulation in the city. <br />Minn. Stat. § 471.698, subd. <br />1(c)(2). If there is no qualified newspaper of general circulation in the city, the <br />clerk must post copies of the statement in three of the most public places <br />in the city. <br />Minn. Stat. § 471.698, subd. <br />1(c)(2) and subd. 1(d). If the city council proceedings are published monthly or quarterly, the <br />annual statement may be summarized in such form as the state auditor may <br />prescribe. The monthly or quarterly publications must show to whom and <br />for what purpose orders are drawn upon t he treasurer. But it is not <br />necessary to publish individual disbursements of less than $100 as long as <br />disbursements aggregating $1,000 or more to any person, firm or other <br />entity are set forth in a schedule of major disbursements. Such a schedule <br />must show the following: <br /> • The amounts paid. <br />• To whom the amounts are paid. <br />• The purpose of the disbursement. <br /> c. Municipal-liquor-store-balance sheets <br />Minn. Stat. § 471.6985, subd. <br />1. Cities that operate municipal liquor stores must publish a balance sheet <br />and a statement of operations of the liquor store in the official newspaper <br />of the city. The form and style of the statement are set by the state auditor. <br /> The statement must be published within 90 days after the close of the <br />fiscal year. The statement must be headlined in a type size no smaller than <br />18-point and must state the following: <br /> “Analysis of (city) municipal liquor store operations for (year)” <br /> The statement must be written in clear and easily understandable language <br />and must contain the following information: <br /> • The total sales. <br />• The cost of sales. <br />• The gross profit. <br />• The profit as a percentage of sales. <br />• The operating expenses. <br />• The operating income. <br />• The contributions to and from other funds. <br />• The capital outlay.