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7/2/2025 <br />6 <br />Financial Results <br />Water and Sewer Enterprise Fund: <br />o Sewer operations for the past five years are as follows: <br />11 <br />Financial Results <br />Liquor Fund: <br />o 2024 operating income was $409,000 ($48k increase) <br />o $275,000 transferred to the General Fund <br />o $408,500 increase in cash balance to $1,895,000 <br />12 <br />Sales $6,974,000 100.0% $7,066,000 100.0% <br />Cost of sales 5,119,000 73.4% 5,247,000 74.3% <br />Gross margin 1,855,000 26.6% 1,819,000 25.7% <br />Operating expenses 1,446,000 20.7% 1,458,000 20.6% <br />Income from operations 409,000 5.9% 361,000 5.1% <br />Investment income & other 81,000 1.2%65,000 0.9% <br />Transfers out (275,000) -3.9% (275,000) -3.9% <br />Net income 215,000 3.1% 151,000 2.1% <br />2024 2023 <br />52