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CITY OF ST. ANTI IONY <br /> LIQUOR FUND <br /> STATDIENT OF OPERATIONS AND CHANGE=S IN RF'fAINF'D EARNINGS <br /> FOR THE ITAR.S ENDED DECEMBER 31 , 1987 AND 1986 <br /> 1987 1986 <br /> Sales and Cost of Sales <br /> Sales $3,845, 160 $:;,677,200 <br /> Cost of Sales 2,800,599 2,G76,791 <br /> ------------ ------------ <br /> Gross Profit 1 ,044,611 1 ,000,409 <br /> ------------ ------------ <br /> Operating Expenses <br /> Personal Services 531,675 507,853 <br /> Supplies 36,825 35,018 <br /> Contracted Services and Other Charges 338,839 279, 113 <br /> Depreciation and Amortization 56, 149 46,766 <br /> ------------ ------------ <br /> Total Operating Expenses 963,488 RG8,750 <br /> Operating Income 81 , 123 131 ,659 <br /> Other Income <br /> Commissions 37,561 16,094 <br /> Interest and Other 14,214 11 ,255 <br /> Total Other Income 51,775 57,349 <br /> ------------ ------------ <br /> 132,898 189,008 <br /> Other Expense <br /> Interest 7,642 <br /> Net Income for Year 125,256 189,008 <br /> Retained Earnings Beginning of Year 888,271 919,263 <br /> Transfer to General Fund ( 150,000) (250,000) <br /> ------------ ------------ <br /> Retained Earnings End of Year $863,527 $888,271 - <br /> ------------ ------------ <br /> IV-7 <br />