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CITY OF ST. ANTHONY
<br />LIQUOR FUND
<br />STATEMENT OF INCOME AND CHANGES IN RETAINED EARNINGS
<br />YEARS ENDED DECEMBER 31, 1982 AND 1981
<br />SCHEDULE 18
<br />-34-
<br />1982
<br />1981
<br />Percent
<br />Percent
<br />Store #1
<br />Store #2
<br />Total
<br />of Sales
<br />Total
<br />of Sales
<br />Sales
<br />$1,386,407
<br />$1,086,212
<br />$2,472,619
<br />100.00%
<br />$2,687,405
<br />100.00%
<br />Cost of Sales
<br />815,734
<br />692,339
<br />1,508,073
<br />60.99
<br />1,633,200
<br />60.77
<br />Gross Profit
<br />570,673
<br />393,873
<br />964,546
<br />39.01
<br />1,054,205
<br />39.23
<br />Operating Expenses
<br />373,135
<br />259,190
<br />632,325
<br />25.57
<br />654,718
<br />24.36
<br />Operating Income
<br />197,538
<br />134,683
<br />332,221
<br />13.44
<br />399,487
<br />14.87
<br />Other Income
<br />Commissions
<br />19,183
<br />4,809
<br />23,992
<br />.97
<br />26,401
<br />.98
<br />Check Cashing
<br />30,226
<br />7,753
<br />37,979
<br />1.53
<br />19,234
<br />.71
<br />Interest Earned
<br />23,083
<br />23,083
<br />46,166
<br />1.87
<br />32,996
<br />1.23
<br />Miscellaneous
<br />1,205
<br />160
<br />1,365
<br />.06
<br />706
<br />.03
<br />Total Other Income
<br />73,697
<br />35,805
<br />109,502
<br />4.43
<br />79,337
<br />2.95
<br />271,235
<br />170,488
<br />441,723
<br />17.87
<br />478,824
<br />17.82
<br />Other Expense
<br />Miscellaneous
<br />755
<br />1,052
<br />1,807
<br />.08
<br />974
<br />.04
<br />Net Income
<br />$ 270,480
<br />$ 169,436
<br />439,916
<br />17.79%
<br />477,850
<br />17.78%,
<br />Retained Earnings at Beginning of Year
<br />1,068,138
<br />965,288
<br />Transfer to General Fund
<br />(365,000)
<br />(375,000)
<br />Retained Earnings at End of Year
<br />$1,143,054
<br />$1,068,138
<br />-34-
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