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City Council Regular Meeting Minutes <br />February 22, 2022 <br />Page 3 <br />E. Resolution 22-021 — Approving the 2022 Appointment and an Alternate to the Parks and <br />Environmental Commission. <br />Mayor Stille reviewed the consent agenda items adding detail to some of the items. <br />Motion by Councilmember Jenson, seconded by Councilmember Walker, to approve the Consent <br />Agenda items. <br />9 Motion carried 5-0. <br />10 <br />11 IV. PUBLIC HEARING — NONE. <br />12 <br />13 V. REPORTS FROM COMMISSION AND STAFF — NONE. <br />14 <br />15 VI. GENERAL BUSINESS OF COUNCIL. <br />16 <br />17 A. Liquor Operations Annual Report. <br />18 <br />19 Liquor Operations Manager Mike Larson reviewed The Annual Report for the St. Anthony <br />20 Village Liquor Operations. He introduced two staff members Bill Haugen and Holly Quarry. <br />21 There are two locations including Silver Lake Village 2602 39' Ave and Marketplace Store <br />22 2700 Highway 88. Twenty-five part time employees and five full time employees make up the <br />23 staff for both stores. Mr. Larson reviewed the Mission Statement and the Vision Statement. The <br />24 value of Municipal Liquor Operations and the value of St. Anthony Village Wine and Spirits <br />25 were presented to the City Council. The Trends during 2021 included Sales Increase of 3.5%; <br />26 Net Profit Increase of 12.3%; Salaries/Wages/Benefits increase of 4.3%; and Total Operating <br />27 Expense Increase of .83%. <br />28 <br />29 Charts showing Sales and Profit Comparison 2021 — 2020, 2021 Sales Comparison, 5-Year <br />30 Profit History, and 10-Year Profit History. <br />31 <br />32 The Benchmarks and Comparisons included: <br />33 • Inventory Turn Ratio = 5.7 times <br />34 • Inventory Value = 12% of total sales. <br />35 • Labor Costs = 12% of total sales. <br />36 • Operating Expense = 18% of total sales. <br />37 • Physical Inventory Adjustments of ($1,411) <br />38 • Ranked 15s' in the state in total sales. <br />39 • Ranked 12' in net profits of 18 metro operations. <br />40 <br />41 Mr. Larson reviewed the current conditions and looking ahead in 2022. He noted an event <br />42 calendar, monthly specials, news, updates, product requests, store hours and contact information <br />43 can be found on the website: SAVMN.COM. Email and text alerts can be received by clicking <br />44 on "Notify Me". <br />45 <br />