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Liquor Fund: <br />–2018 net income before capital contributions and transfers <br />is $266,071. <br />–An analysis of 2018 activity is as follows: <br />9 <br />Market Place Silver Lake Village <br />Amount Percent Amount Percent Amount Percent <br />Operating revenues $3,167,282 100.0% $2,700,170 100.0% $5,867,452 100.0% <br />Cost of goods sold 2,369,416 74.8% 1,975,348 73.2% 4,344,764 74.0% <br />Gross margin 797,866 25.2% 724,822 26.8% 1,522,688 26.0% <br />Other operating expenses 629,615 19.9% 635,634 23.5% 1,265,249 21.6% <br />Net income from operations 168,251 5.3% 89,188 3.3% 257,439 4.4% <br />Net nonoperating revenues <br />(expenses)7,650 0.2% 982 0.0% 8,632 0.1% <br />Income before capital contributions and transfers $175,901 5.6% $90,170 3.3% $266,071 4.5% <br /> <br />Total <br />•Required by Minnesota Statute §6.65 <br />•OSA audit guide covers seven categories <br />1)contracting and bidding <br />2)deposits and investments <br />3)conflicts of interest <br />4)public indebtedness <br />5)claims and disbursements <br />6)other miscellaneous provisions <br />7)tax increment provisions <br />•One finding of noncompliance <br />10 <br />17