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CITY OF ST. ANTHONY, MINNESOTA
<br />MUNICIPAL LIQUOR FUND
<br />STATEMENT OF INCOME AND RETAINED EARNINGS
<br />YEARS ENDED DECEMBER 31, 1.976 AND 1975
<br />r
<br />' Sales
<br />Cost of sales
<br />m
<br />Gross profit
<br />Operating expenses
<br />Operating income
<br />Other income and expense
<br />Commissions
<br />Check cashing income
<br />Check cashing expense
<br />Settlement antitrust
<br />lawsuit
<br />Miscellaneous income
<br />Miscellaneous expense
<br />Net income
<br />1976
<br />$ 11,282 $
<br />4,207 $
<br />15,489
<br />Percent
<br />Store #1
<br />Store X62
<br />Total
<br />of sales
<br />( 2,955) (
<br />$1,124,876
<br />$ 843,592
<br />$1,968,468
<br />100.00
<br />649,391
<br />550,609
<br />1,200,000
<br />60.96
<br />$ 475,485
<br />$ 292,983
<br />$ 768,468
<br />39.04
<br />306,705
<br />224,622
<br />531,327
<br />26.99
<br />$ 168,780
<br />$ 68,361
<br />$ 237,141
<br />12,05
<br />$ 11,282 $
<br />4,207 $
<br />15,489
<br />.79
<br />7,414
<br />1,691
<br />9,105
<br />.46
<br />( 2,955) (
<br />189) (
<br />3,144)
<br />( .16)
<br />124 221 345 .01
<br />( 433) ( 402) ( 835) ( .04)
<br />$ 15,432 $ 5,528 $ 20,960 1.06
<br />S 184. 212 S x,,889 S 258.101 .3.11_
<br />Retained earnings
<br />Balance, Beginning of year
<br />Add net income
<br />Deduct transfer to General Fund
<br />Balance, End of year
<br />See accompanying notes to financial statements.
<br />$ 610,856
<br />258,101
<br />( 300,000)
<br />S 568 957
<br />19
<br />1975
<br />Total
<br />$2,029,367
<br />1.247.655
<br />$ 781,712
<br />511,519
<br />$ 270,193
<br />$ 15,116
<br />9,186
<br />( 825)
<br />16,207
<br />681
<br />( 1,132)
<br />$ 39,233
<br />S 309 426
<br />$ 601,430
<br />309,426
<br />( 300,000)
<br />S 610 856
<br />
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