|
CITY OF ST. ANTHONY SCHEDULE 19 '
<br /> LIQUOR FUND
<br /> STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
<br /> FOR THE YEARS .ENDED DECEMBER 31 , 1999 AND 1998 ,
<br /> 1999 1998 '
<br /> Operating Revenues
<br /> Sales and Cost of Sales
<br /> Sales $4,662,867 $4, 180,692
<br /> Cost of Sales -3,417,747 3,031 ,420 '
<br /> Total Operating Revenues 1 ,245,120 1 , 149,272
<br /> ------------ ------------
<br /> Operating Expenses
<br /> Personal Services 558,424 544,334 '
<br /> Supplies 35,971 26,514
<br /> Contracted Services 240,380 239,484
<br /> Depreciation 91 ,081 89,620
<br /> Other Charges 106,141 45,159
<br /> Total Operating Expenses 1 ,031 ,997 945, 111
<br /> ------------ ----
<br /> Operating Income (Loss)
<br /> 213,123204,161 '
<br /> ------------ ------------
<br /> Nonoperating Revenues (Expenses) ,
<br /> Commissions and Other 26,596 29, 107
<br /> Rental Income 10,800 10,500
<br /> Investment Income 8,952 9,853
<br /> Interest and Amortization (52,529) (57,945)
<br /> Loss on Disposal of Equipment (1 ,717)
<br /> Total Nonoperating Revenues (7,898) (8,485)
<br /> Income Before Transfers 205,225 195,676
<br /> Operating Transfers to
<br /> General Fund (65,000) (65,000) '
<br /> Capital Project Funds (96,676)
<br /> ------------ ------------
<br /> Net Income (Loss) After Transfers 140,225 - 34,000 '
<br /> Retained Earnings Beginning of Year ----916,686 ----882,686-
<br /> --
<br /> Retained Earnings End of Year -$1 ,056,911- ---$916,686- '
<br /> -66-
<br />
|