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CITY OF ST. ANTHONY <br /> LIQUOR FUND <br /> STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS <br /> FOR THE YEARS ENDED DECEMBER 31 , 1989 AND 1988 <br /> 989 1988 <br /> Operating Revenues <br /> Sales and Cost of Sales <br /> Sales $3,728,012 $3,770,665 <br /> Cost of Sales. 2,509,977 2,566,227 <br /> ------------ ------------ <br /> Total Operating Revenues 1 ,218,035 1 ,204,438 <br /> ------------ ------------ <br /> Operating Expenses <br /> Personal Services 563,733 555,071 <br /> Supplies 39,769 45,037 <br /> Contracted Services and Other 311 ,664 343,459 <br /> Depreciation and Amortization 98,934 93,163 <br /> ------------ ------------ <br /> Total Operating Expenses 1 ,014, 100 1 ,036,730 <br /> Operating Income 203,935 167,708 <br /> ------------ ------------ <br /> Nonoperating Revenues (Expenses) <br /> Commissions 56,970 54,372 <br /> Rental Income 15,715 16,332 <br /> Interest Income and Other 21 ,413 17, 131 <br /> Interest Expense and Other (47,982) (47;685) <br /> - ------------ ------------ <br /> Total Nonoperating Revenues (Expenses) 46, 116 40, 150 <br /> ------------ ------------ <br /> Income Before Transfers 250,051 207,858 <br /> Operating Transfers to Other Funds (175,000) (150,000) <br /> ------------ ------------ <br /> Net Income After Transfers 75,051 57,858 . <br /> Retained Earnings Beginning of Year 921 ,385 863,527 <br /> Retained Earnings End of Year $996,436 $921 ,385 <br /> ------------ ------------ <br /> ------------ ------------ <br /> IV-6 <br />