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The following is a two -year summary of
<br />municipal liquor store operationa.
<br />Sales
<br />Cost of Sales
<br />Gross Profit
<br />Operating Expenses
<br />Operating Income
<br />1982 1983
<br />Percent Percent
<br />Amount of Sales Amount of Sales
<br />•139,291,404' 100.0 *138,457,601 100.0
<br />95,500,943 68.6 94,822,847 68.5
<br />• 43,790,461 31.4 • 43,634,754 31.5
<br />35,180,054 25.2 35,586,834 25.7
<br />• 8,610,407 6.2 • 8,047,920 5.8
<br />Nonoperating Revenues 3,289,049
<br />Nonoperating Expenses 486,776
<br />Net Income • 11,412,680
<br />Transfer to Other
<br />Nunicipal Funds • 9,079,436
<br />2.4 3,369,707
<br />.3 563,556
<br />8.2 • 10,854,071
<br />- • 8,884,704
<br />Total sales were down 41833 thousand, coat of
<br />sales was down *678 thousand, and gross profit was
<br />down *156 thousand. Operating expenses rose *407
<br />thousand, resulting in a decrease of *562 thousand
<br />in operating income. Contribution to Governmental
<br />Funds totaled *8.9 million, compared to *9.1
<br />million in 1982.
<br />6
<br />2.4
<br />0.4
<br />7.8
<br />The following table is • two -year summary of
<br />all Enterprise Fund operations.
<br />1982 1983
<br />All Enterprises (tables 6 - 14)
<br />Operating Revenues 0755,573,714 0809,396,794
<br />Operating Expenses 714,314,343 772,236,233
<br />Income from Operations • 41,259,371 • 37,160,561
<br />INDEBTEDNESS
<br />Outstanding indebtedness of cities is
<br />presented in Table 15, classified by type of bond.
<br />The five types are general obligation, including
<br />tax increment financing and G.Orevenue bonds
<br />(shown separately), which are bonds payable from a
<br />general tax levy; special ts, which are
<br />payable wholly or in part from special
<br />ta; revenue bonds, which are payable from
<br />revenue of public aervice enterprises; refunding
<br />bonds; and all other, which consists primarily of
<br />bonds payable for cities of the first class.
<br />Other long -term debt consists primarily
<br />long-term lease agreements and installment
<br />purchase contracts.
<br />During the year bonds totaling *367.4 million
<br />were issued and *350.9 million were retired,
<br />leaving *2.45 billion outstanding at the end of
<br />1983.
<br />Figure 3 shows the amount of bonds
<br />outstanding at the end of each year since 1973.
<br />During the current period the amount outstanding
<br />has increased *19.3 million or lass than 1 percent.
<br />
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