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The following is a two -year summary of city
<br />liquor store operations.
<br />The following table is a two -year summary of
<br />operations for all Enterprise Funds.
<br />1986 1985 All Enterprises (tables 6 - 15)
<br />Percent Percent
<br />Amount of Sales Amount of Sales
<br />Sales $ 137,393,817 100.0 $ 136,342,847 100.0
<br />Cost of Sales 95,564,608 69.6 94,697,709 69.5
<br />Gross Profit $ 41,829,209 30.4 $ 41,645,138 30.5
<br />Operating Expenses 35,032,526 25.5 35,269,840 25.9
<br />Operating Income $ 6,796,683 4.9 $ 6,375,298 4.7
<br />Nonoperating Revenues 2,890,578 2.1 3,460,711
<br />Nonoperating Expenses 684,607 0.5 615,009
<br />Net Income $ 9,002,654 6.6 $ 9,221,000
<br />Transfer to Other
<br />City Funds $ 8,526,111 $ 9,466,940
<br />Number of Cities
<br />Operating Liquor Stores: 314 325
<br />Total sales increased $1.05 million, cost of
<br />sales was up $867 thousand, and gross profit was
<br />up $184 thousand. Operating expenses decreased
<br />$237 thousand. Operating Income increased $421
<br />thousand. Contribution to Governmental Funds
<br />totaled $8.5 million, compared to $9.5 million
<br />in 1985.
<br />2.5
<br />0.5
<br />6.8
<br />6
<br />1986 1985
<br />Amount Amount
<br />Operating Revenues $1,026,847,152 $994,311,185
<br />Operating Expenses 965,228,928 941,001,980
<br />Income from Operations $ 61,618,224 $ 53,309,205
<br />INDEBTEDNESS
<br />Outstanding indebtedness of cities is
<br />presented in Table 16, classified by type of bond.
<br />The six types are general obligation, G.O. tax
<br />increment financing and G.O. revenue bonds,
<br />special assessment bonds, which are payable
<br />wholly or in part from special assessments;
<br />revenue bonds, which are payable from revenue of
<br />public service enterprises; revenue tax Increment,
<br />which are payable solely from the revenue of the
<br />tax Increment district; refunding bonds; and
<br />all other, which consists primarily of bonds
<br />payable for cities of the first class. Other
<br />long -term debt consists primarily of long -term
<br />lease agreements, installment purchase contracts,
<br />and Housing & Redevelopment Authority notes.
<br />During the year bonds totaling $914 million
<br />were issued and $409.4 million were retired,
<br />leaving $3.4 billion outstanding at the end of
<br />1986.
<br />Figure 4 shows the amount of bonds
<br />outstanding at the end of each year since 1977.
<br />
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