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CITY OF ST. ANTHONY SCHEDULE 20
<br />LIQUOR FUND
<br />BALANCE SHEET
<br />DECEMBER 31, 1981 AND 1980
<br />ASSETS 1981 1980
<br />Current Assets
<br />Cash and Short -Term Investments $ 335,757 $ 238,002
<br />Petty Cash and Change Funds 88,175 108,175
<br />Accrued Interest Receivable 1,350 2,142
<br />Inventory of Merchandise, at Lower of Cost or Market 341,080 319,060
<br />Prepaid Insurance 14,412 23,832
<br />Total Current Assets 780,774 691,211
<br />Property, Plant and Equipment - At Cost
<br />Land and Improvements 11,152 11,152
<br />Building and Structures 472,014 468,089
<br />Furniture, Fixtures and Equipment 257,685 248,473
<br />740,851 727,714
<br />Less Accumulated Depreciation 359,278 323,680
<br />Total Property, Plant and Equipment 381,573 404,034
<br />Other Asset
<br />Restricted Cash and Short -Term
<br />Investments (Severance) 9,260 9,260
<br />Totals $1,171,607 $1,104,505
<br />LIABILITIES AND FUND EQUITY
<br />Current Liabilities
<br />Accounts Payable $ 79,838 $ 123,508
<br />Accrued Payroll and Related Taxes 9,025 4,430
<br />Accrued Sales Tax 14,606 11,279
<br />Total Current Liabilities 103,469 139,217
<br />Fund Equity
<br />Retained Earnings
<br />Reserved for Severance Payments 9,260 9,260
<br />Unreserved 1,058,878 956,028
<br />Total Fund Equity 1,068,138 965,288
<br />Totals $1,171,607 $1,104,505
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