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<br /> CITY OF ST. ANTHONY
<br /> LIQUOR FUND
<br /> STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
<br /> FOR THE YEARS ENDED DECEMBER 31 , 1991 AND 1990
<br /> 1991 1990
<br /> Operating Revenues
<br />_ Sales and Cost of Sales
<br />" Sales $4,005,405 $3,930,075
<br /> Cost of Sales 2,570,762 2,540, 187
<br /> ------------ ------------
<br /> Total Operating Revenues 1 ,434,643 1 ,389,888
<br /> Operating Expenses
<br /> Personal Services 676,935 676,286
<br /> Supplies 40,901 45,288
<br /> Contracted Services and Other 360,661 370,473
<br /> Depreciation and Amortization 112,088 113,080
<br /> Total Operating Expenses 1 , 190,585 1,205, 127
<br /> ------------ ------------
<br /> Operating Income 244,058 184,761
<br /> Nonoperating Revenues (Expenses)
<br /> Commissions and Other 47 , 118 56,313
<br /> Rental Income 28,800 21 ,921
<br /> Interest Income 21 ,676 18,778
<br /> Interest Expense (40,966) (44,544)
<br /> ------------ ------------
<br /> Total Nonoperating Revenues (Expenses) 56,628 52,468
<br /> r ------------ ------------
<br /> Income Before Transfers 300,686 237 ,229
<br /> Operating Transfers to Other Funds (246,500) ( 156,000)
<br /> Net Income After Transfers 54, 186 81 ,229
<br /> Retained Earnings Beginning of Year 1 ,077,665 996,436
<br />' ------------ ------------
<br /> Retained Earnings End of Year $1 , 131 ,851 $1 ,077 ,665
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<br /> IV-5
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