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LU <br />CITY OF ST, ANTHONY, MINNESOTA <br />MUNICIPAL LIQUOR FUND <br />STATEMENT OF CHANGES IN FINANCIAL POSITION <br />YEARS ENDED DECEMBER 31, 1975 AND 1974 <br />1975 <br />SOURCE OF FUNDS <br />1974 <br />Operations <br />Net income for the year $ 309,426 $ 297,461 <br />Items not requiring current outlay of funds <br />Depreciation 29,223 19,703 <br />Total S 338.649 lb4 <br />APPLICATION OF FUNDS <br />Additions to property, plant and equipment, net <br />$ 40,573 <br />$ 226,334 <br />Transfer to General Fund <br />300,000 <br />275,000 <br />Increase (decrease) in working capital <br />( 1,924) <br />(184,170) <br />Total <br />Various elements of net increase (decrease) in <br />working capital <br />Cash <br />$( 49,381) <br />$( 67,197) <br />Petty cash and change funds <br />565 <br />5,000 <br />Investments <br />(100,000) <br />Accrued interest <br />( 2,083; <br />Accounts receivable <br />13,935 <br />Due from General Fund <br />( 316) <br />46 <br />Inventories <br />2,038 <br />32,674 <br />Prepaid insurance <br />( 4,555) <br />381 <br />Accounts payable <br />61,946 <br />( 51,386 <br />Accrued liabilities <br />( 1,156) <br />( 1,605'. <br />Due to General Fund <br />( 25,000) <br />Total <br />8 7 <br />See accompanying notes to financial statements. <br />