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The following is a two -year summary of city
<br />liquor store operations.
<br />1985 1984
<br />Percent Percent
<br />Amount of Sales Amount of Sales
<br />Saves $ 136,342,847 100.0 8 136,099,497 100.0
<br />Cost of Sales 94,697,709 69.5 93,773,073 68.9
<br />Gross Profit $ 41,645,138 30.5 8 42,326,424 31.1
<br />Operating Expenses 35,269,840 25.9 35,167,534 25.8
<br />Operating Income $ 6,375,298 4.7 8 7,158,890
<br />Nonoperating Revenues
<br />Nonoperating Expenses
<br />Net Income
<br />Transfer to Other
<br />City Funds
<br />3,460,711
<br />615,009
<br />$ 9,221,000
<br />2.5 3,591,552
<br />0.5 505,999
<br />6.8 $ 10,244,443
<br />$ 9,466,940 $ 9,132,690
<br />Total sales increased 8243 thousand, cost of
<br />sales was up 8925 thousand, and gross profit was
<br />down 8681 thousand. Operating expenses increased
<br />8102 thousand. Operating income decreased 8784
<br />thousand. Contribution to Governmental Funds
<br />totaled 89.5 million, compared to 89.1 million
<br />in 1984.
<br />The following table is a two -year summary of
<br />operations for all Enterprise Funds.
<br />All Enterprises (tables 6 - 15)
<br />1985 1984
<br />Operating Revenues 3 994,311,185 8944,159,724
<br />Operating Expenses 941,001,980 890,897,685
<br />Income from Operations $ 53,309,205 $ 53,262,039
<br />INDEBTEDNESS
<br />Outstanding indebtedness of cities is
<br />5.3 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 />2.6 special assessment bonds, which are payable
<br />wholly or in part from special assessments;
<br />0.4 revenue bonds, which are payable from revenue of
<br />public service enterprises; revenue tax increment,
<br />7.5 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 8758.8 million
<br />were issued and 8323.1 million were retired,
<br />leaving 83 billion outstanding at the end of
<br />1985.
<br />6
<br />Figure 3 shows the amount of bonds
<br />outstanding at the end of each year since 1976.
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