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39 <br />CITY OF ST. ANTHONY MINNESOTA <br />j LIQUOR FUND <br />STATEMENT OF CHANGES IN F OANCIAL POSITION <br />YEARS ENDED DECEMBER 31, 1979 AND 1978 <br />1979 1978 <br />SOURCE OF FUNDS <br />Operations <br />Net income for the year $ 429,897 $ 392,673 <br />Items not requiring current outlay of fundis <br />Depreciation 28,582 25,987 <br />Loss on disposal of equipment 297 <br />Total $ 458.776 $ 418.660 <br />APPLICATION OF FUNDS <br />Additions to property, plant and equipment <br />$ 72,180 <br />$ 56,582 <br />Transfer to General Fund <br />300,000 <br />275,000 <br />Increase in working capital <br />86,596 <br />87,078 <br />Total <br />S 458.776 <br />$ 418.660 <br />Various elements of net increase (decrease) in <br />working capital <br />Cash and temporary investments <br />$ 75,951 <br />$ 52,180 <br />Petty cash and change funds <br />1,000 <br />7,000 <br />Accounts receivable <br />( 361) <br />( 13,838) <br />Inventories <br />27,631 <br />16,058 <br />Prepaid insurance <br />16,016 <br />13,464 <br />Accounts payable <br />( 25,992) <br />( 16,390) <br />Due to General Fund <br />30,000 <br />Accrued liabilities <br />( 7,649) <br />( 1,396) <br />Increase in working capital <br />S 86.596 <br />L-31 .O78 <br />H <br />See accompanying notes to financial statements. <br />1. <br />