HomeMy WebLinkAbout1970 CAFR LQST. ANTHONY VILLAGE MUNICI°AL LIQUOR STORES
FINANCIAL REPORT - FOURTH QUARTER 1970
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ST. ANTHONY MUNICIPAL LIQUOR STORES
BALANCE SHEET
DECEMBER 31, 1970
ASSETS
CASH IN BANK & TRANSIT
$
143,632,64
CHANGE AND IMPREST PETTY CASH
58,110,00
MISCELLANEOUS RECEIVABLES
1,150.70
MERCHANDISE INVENTORIES
190,691-72
INVESTMENTS - TREASURY BILLS
100'000.00i
PREPAID EXPENSES
6,942,42
TOTAL CURRENT ASSETS
$
500,527,48
LAND, BUILDINGS & IMPROVEMENTS
264,100.64
ALLOWANCE FOR DEPRECIATION
$ 649,339-78
(79,760.22)
FURNITURE, FIXTURES & EQUIPMENT
136,083,93
ALLOWANCE FOR DEPRECIATION
THIRD QUARTER 170
TOTAL FIXED ASSETS
$
226,667-14
TOTAL ASSETS
283,634-47
LIABILITIES
TRADE ACCOUNTS PAYABLE
$ 61,447.49
ACCRUED SALARIES
4,179.28
ACCRUED PAYROLL DEDUCTIONS
4,047.26
MINNESOTA SALES TAX FUND
7,546.34
TOTAL CURRENT LIABILITIES
$ 77,220-37
NET WORTH
6499974.25
TOTAL LIABILITIES AND NET
WORTH
$ 727,194.62
NET WORTH SUMMARY
BALANCE, JANUARY 1, 1970
$ 649,339-78
NET INCOME, FIRST QUARTER t70 $
55,895-90
SECOND QUARTER '70
70,568.36
THIRD QUARTER 170
68,409.18
FOURTH QUARTER 170
88,761-03
283,634-47
LESS TRANSFERS TO GENERAL FUND
-283,000.00
BALANCE, DECEMBER 31, 1970
8 649,974.25
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ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF OPERATIONS
YEAR TO DECEMBER 31, 1970
STORE ONE
NET SALES
COST OF GOODS SOLD BE-
FORE PROMOTIONAL DISC.
GROSS PROFIT BEFORE
DISCOUNT
PROMOTIONAL DISCOUNTS
GROSS PROFIT AFTER
DISCOUNT
OPERATING EXPENSE
(SCHEDULE 1)
PROFIT FROM OPERATIONS
NET NON-OPERATING INCOME
NET INCOME
STORE TWO
NET SALES
COST OF GOODS SOLD BE-
FORE PROMOTIONAL DISC.
GROSS PROFIT BEFORE
DISCOUNT
PROMOTIONAL DISCOUNT
GROSS PROFIT AFTER
DISCOUNT
OPERATING EXPENSE
SCHEDULE 1)
PROFIT FROM OPERATIONS
NET NON-OPERATING INCOME
NET INCOME
100.00
YEAR TO
100.00
YEAR TO
INCREASE
%
12-31-70
%
12-31-69
DECREASE*
100.00
1,081,285.73
100.00
1,097,950.28
16,664.55*
69.52
751,736.02
67.28
738,748.01
12,988,01
30.48
329,549.71
32.72
359,202.27
29,652.56*
3.76
40,639.07
3.82
41,990.03
1,350.96*
34.24
370,188.78
36.54
401,192.30
31,003.52*
20.17
218,119.41
19.63
215,503.11
2,616.30
14.07
152,069,37
16.91
185,689.19
33,619.82*
1.28
13,880.14
1.02
11,133.86
26,28
15.35
165,949.51
17.93
196,823.05
30,873.54*
100.00
834,777.93
100.00
749,256.29
85,521.64
70.22
586,197.67
68.22
511,116.40
75,081.27
29.78
248,580.26
31.78
238,139.89
10,440.37
4.30
35,933.06
3.92
_29,409.87
6,523.19
34.08
284,513.32
35.70
267,549.76
16,963.56
21.03
7752532.88
20.07
150,381.50
2 151.38
13.05
108,980.44
15.63
117,168.26
8,187.82*
1.04
tL 04,E
1.02
7,601.60
1,102.92
14.09
117,684.96
16,65
124,769.86
7,084.90*
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
YEAR TO DECEMBER 31, 1970
COMBINED
ON SALE
NET SALES
COST OF G000s SOLD
GROSS PROFIT FROM SALES
RATIO TO NET SALES
OPERATING EXPENSES
SALARIES & WAGES
ALL OTHER EXPENSE
TOTAL OPERATING EXPENSE
RATIO TO NET SALES
PROFIT FROM OPERATIONS
OTHER INCOME — NET
NET INCOME
RATIO TO NET SALES
OFF SALE
NET SALES
COST OF G000s SOLD
GROSS PROFIT FROM SALES
RATIO TO NET SALES
OPERATING EXPENSE:
SALARIES & WAGES
ALL OTHER EXPENSE
TOTAL OPERATING EXPENSE
RATIO TO NET SALES
PROFIT FROM OPERATIONS
OTHER INCOME — NET
NET INCOME
RATIO To NET SALES
4TH QTR.
YEAR TO
YEAR TO
INCREASE
1970
DATE 1970
DATE 1969
DECREASE*
134,249.62
508,655.74
521,116.28
12,460.54*
41,209.91
157,539.52
173,263.09
15,723.57
93,039.71
351,116.22
347,853.19
3,263.03
69.30%
69.o3%
66.75%
2.28%
43,055.47
172,048.88
167,293.85
4,755.03
_13,829.97
49,692.82
47,644.82
2,048.00
56,885.44
2219741.70
214,938.67
6003.03
42.37%
43.59%
41.24%
2.35%
36,154.27
129,374.52
132,914.52
3,540.00*
1,684.41
7,729.17
7,042.76
686.41
37,838.68
137003.69
139,957.28
2,853.59*
28.19%
26.95%
26.85%
0.10%
4179937.31
1,407,407.92
1,326,090.29
81,317.63
326,460.24
1,103,822.04
1,005,201.42
98,620.62
91,477.07
303,585.88
3209888.87
17002.99*
21.89%
21.57%
24.20"%
2.63"/x*
31,744.02
13,156.61
44,900.63
10.74%
46,576.44
4.345.91
50,922.35
12.1 V.
124,745.74
47,164.85
171,910.59
12.21%
131,675.29
-14,855-49
146,530.78
10.41%
108,391.24
42,554.70
150,945.94
11.38%
169,942.93
11,692.70
181,635.63
13.70%
16,354.50
4,610.15
20,964.65
0.83%
38,267.64*
3,162.79
35,104.85*
3.29%*
ST. ANTHONY MUNICIPAL LIQUOR STORE
SUMMARY OF ON AND OFF SALES
STORE ONE
YEAR TO DECEMBER 31, 1970
4TH QTR.
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
79,887.71
320,056.32
348,757.16
28,700.84*
COST of GOODS SOLD
23,908.24
97,950.13
115,918.24
17,968.11*
GROSS PROFIT ON SALES
55,979.47
222,106.19
232,838.92
10,732.73*
RATIO To NET SALES
70.07%
69.40%
66.76%
2.64%
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
25,753.90
103,994.62
106,590.79
2,596.17*
ALL OTHER EXPENSE
7,535.69
28,178.59
28,728.29
549.70*
TOTAL OPERATING EXPENSE
33,289.59
132,173.21
135,319.08
3,145.87*
RATIO TO NET SALES
41.67%
41.30%
38.80%
2.50%
PROFITS FROM OPERATIONS
22,689.88
89,932.98
97,519.84
7,586.86*
OTHER INCOME — NET
989.37
4,242.52
4,039.27
203.25
NET INCOME
23,679.25
94,175.50
101,559.11
7,383.61*
RATIO To NET SALES
29.64%
29.42%
29.12%
0.30%
OFF SALE
NET SALES
212,494.80
761,229.41
749,193.12
12,036.29
COST OF GOODS SOLD
169,070.07
613,146.82
580,839.74
32,307.08
GROSS PROFIT FROM SALES
43,424.73
148,082.59
168,353.38
20,270.79*
RATIO To NET SALES
20.44%
19.45%
22.47%
3.02%*
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
15,734.96
65,349.93
60,686.91
4,663.02
ALL OTHER EXPENSE
51448.77
20,596.27
19,497.12
1,099.15
TOTAL OPERATING EXPENSE
21,183.73
85,946.20
80,184.03
5,762.17
RATIO TO NET SALES
9.97%
11.29%
10.70%
0.59%
PROFIT FROM OPERATIONS
22,241.00
62,136.39
88,169.35
26,032.96*
OTHER INCOME — NET
2,865.7o
9,637.62
7,094.59
2,543.03
NET INCOME
25,106.70
71,774.01
95,263.,94
23,489.93*
RATIO TO NET SALES
11.82%
9.43%
12.72%
3.29%*
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
STORE TWO
YEAR To DECEMBER 31, 1970
ON SALE
4TH QTR.
1970
YEAR TO
DATE 1970
YEAR TO
DATE 1969
INCREASE
DECREASE*
NET SALES
54,361.91
188,599.42
172,359.12
16,240.30
COST of G000s SOLD
17,301.67
59,589.39
_57,344.85
2,244.54
GROSS PROFIT FROM SALES
37,06o.24
1291010.03
115,014.27
13,995.76
RATIO TO NET SALES
68.17
6$.40/
66.73
1.67%
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
17,301.57
68,054.26
60.703.06
7,351.20
ALL OTHER EXPENSE
6,294.28
21,514.23
1$�
2.597.70
TOTAL OPERATING EXPENSE
23,595.85
89,568.49
79,619.59
9,94$.90
RATIO To NET SALES
43.41%
47.49%
46.19/,
1.30/,
PROFITS FROM OPERATIONS
13,464.39
39,441.54
35,394.68
4,046.86
OTHER INCOME — NET
695.04
3,486.65
3,003.49
483.16
NET INCOME
14,159.43
42,928.19
38,398.17
4,530.02
RATIO TO NET SALES
26.05/,
22.76%
22.28%
0.48/,
OFF SALE
NET SALES
205,442.51
646,178.51
576,897.17
69,281.34
COST OF GOODS SOLD
157,390.11
490,675.22
424,361.68
66.313.54
GROSS PROFIT FROM SALES
48,052.34
155,503.29
152,535.49
2,967.80
RATIO To NET SALES
23.39/
24.07
26.44%
2.37/,*
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
16,009.o6
59,395.81
47,704.33
11,691.48
ALL OTHER EXPENSE
7,707.$4
26,568.58
23,057.5$
11,00
TOTAL OPERATING EXPENSE
23,716.90
85,964.39
70,761.91
15,202,48
RATIO TO NET SALES
11.54%
13.30/,
12.27%
1.03
PROFIT FROM OPERATIONS
24,335.44
69,538.90
81,773.58
12,234.68*
OTHER INCOME — NET
1,480.21
5,217.87
4,598.11
619.76
NET INCOME
25,815.65
74,756.77
86,371.69
11,614.92*
RATIO To NET SALES
12.57%
11.57%
14.97/,
3.40/*
ST. ANTHONY MUNICIPAL LIQUOR STORES
OPERATING EXPENSE SCHEDULE 1)
YEAR TC DECEMBER 31, 1970
COMBINED
4TH QTR.
YEAR TO
YEAR TO
INCREASE
1970
DATE 1970
DATE 1969
DECREASE*
BAR WAGES
31,667.91
125,876.76
123,839.50
2,037.26
OFF SALE WAGES
21,387.14
02,897.76
70,075.65
12,822.11
CUSTODIANS WAGES
3,845.33
13,520.19
12,516.24
1,003.95
MANAGERS SALARIES
8,349.66
35,549.18
33,161.24
2,387.94
BOOKKEEPERS SALARIES
3,065.85
11,750.09
10,398.87
1,351.22
MEDICAL - LIFE INSURANCE
867.30
4,928.15
5,921.68
993.53*
PENSION CONTRIBUTION
5,616.30
22,272.49
21,229.19
1,043.30
PAYROLL EXPENSE
74,799.49
296,794.62
277,142.37
19,652.25
LAUNDRY
1,002.90
4,137.09
4,011.23
125.86
BAR SUPPLIES
1,846.88
6,033.87
8,264.91
2,231.04*
OFF SALE SUPPLIES
1,509.20
5,791.94
4,258.40
1,533.54
CLEANING SUPPLIES
228.85
1,047.48
1,264.36
216.88*
OFFICE EXPENSE
168.75
858.54
1,688.87
830.33*
TRAVEL
177.38
801,52
729.25
72.27
SUPPLIES - EXPENSE
4,933.96
18,670.44
20,217.02
1,546.58*
RENT
4,557.03
16,549.17
16,651.84
102.67*
HEAT - FUEL
289.24
1,626.41
1,800.62
174.21*
UTILITIES
2,302.40
8,221.01
7,118.43
1,102.58
TELEPHONE
223.13
915.95
884.01
31.94
SANITATION EXPENSE
322.00
1,294.50
1,292.50
2.00
CASUALTY - LIABILITY INS.
4,257.64
15,865.60
11,778.89
4,086.71
REPAIRS - MAINTENANCE
2,508.97
8,628.71
5,371.09
3,257.62
DEPRECIATION
3,722.22
14,888.94
15,704.78
815-84
OCCUPANCY EXPENSE
18,182,63
67,9°0.29
60,602.16
7,388.13
SECURITY SERVICES
497.05
2,286.70
1,443.90
842.80
ADVERTISING - SIGNS
95.75
227.75
658.04
430.29*
ACCTG. - LEGAL - LICENSES
3,211.79
7,420.89
5,559.52
1,861.37
MUSIC SERVICE
65.40
261.60
261.60
-0-
SERVICE EXPENSE
3,869.99
10,196.94
7,923.06
2,273.88
OPERATING EXPENSE TOTAL
101,786.07
393,652,29
365,864.61
27,767.68
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ST. ANTHONY VILLAGE MUNICIPAL LIQUOR STORES
FINANCIAL REPORT - THIRO QUARTER 1970
III
ST. ANTHONY MUNICIPAL LIQUOR STORE
BALANCE SHEET
SEPTEMBER 30, 1970
ASSETS
CASH IN BANK & TRANSIT
90,777.40
CHANGE AND IMPREST PETTY CASH
58,110.00
MISCELLANEOUS RECEIVABLES
4,801.50
MERCHANDISE INVENTORIES
222,931.65
INVESTMENTS - TREASURY BILLS
95,198.50
PREPAID EXPENSES
11,107.86
TOTAL CURRENT ASSETS
$ 482,926.91
LAND, BUILDING & IMPROVEMENTS
264,1$0.64
ALLOWANCE FOR DEPRECIATION
(77,922.49)
FURNITURE, FIXTURES & EQUIPMENT
135,910.15
ALLOWANCE FOR DEPRECIATION
(91,872.72)
TOTAL FIXED ASSETS
8 230,215.58
TOTAL ASSETS
9 713.142.49
LIABILITIES
TRADE ACCOUNTS PAYABLE
$ 63,661.12
ACCRUED SALARIES
8,186.18
ACCRUED PAYROLL DEDUCTIONS
4,452.73
MINNESOTA SALES TAX FUND
4,879.24
TOTAL CURRENT LIABILITIES
3 81,179.27
NET WORTH
631,963.22
TOTAL LIABILITIES AND NET WORTH
8 713,142.49
NET WORTH SUMMARY
BALANCE, JANUARY 1, 1970 $ 649,339.78
NET INCOME, FIRST QUARTER '70 $55,895.90
SECOND QUARTER '70 70,568.36
THIRD QUARTER X70 68,409.18 194,873.44
LESS TRANSFERS TO GENERAL FUND -212,250.00
BALANCE, SEPTEMBER 30, 1970 I 631,963.22
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ST. ANTHONY MUNICIPAL LIQUOR STORES
f SUMMARY OF OPERATIONS
YEAR TO SEPTEMBER 30, 1970
YEAR TO YEAR TO INCREASE
STORE ONE % 9-30-70 % 9-30-69 DECREASE*
NET SALES 100.00 788,903.22 100.00 790,021.44 1,118.22*
COST OF GOODS SOLD BE-
FORE PROMOTIONAL Disc. 69.29 546,633.81 66.11 522,294.90 24,338.91
GROSS PROFIT BEFORE
Disc. 30.71 242,269.41 33.89 267,726.54 25,457.13*
PROMOTIONAL DISCOUNT 3.61 28,515.17 3.61 28,539.94 24.77*
GROSS PROFIT AFTER
DISCOUNT 34.32 270,784.58 37.50 296,266.48 25,481.90*
OPERATING EXPENSE
(SCHEDULE 1) 20.74 163,646.09 19.96 157,717.37 5,928.72
PROFIT FROM OPERATIONS 13.58 107,138.49 17.54 138,549.11 31,410.62*
NET NON OPERATING INCOME 1.27 10,025.07 1.00 7,869.29 2,155.78
NET INCOME 14.85 117,163.56 18.54 1469418.40 29,254.84*
STORE TWO
NET SALES 100.00 574,973.51 100.00 514,882.50 60,091.01
COST OF GOODS SOLD BE-
FORE PROMOTIONAL Disc. 69.09 397,264.91 68.93 354,868.34 42,396.57
GROSS PROFIT BEFORE
DISCOUNT 30.91 177,708.60 31.07 160,014.16 17,694.44
PROMOTIONAL DISCOUNT 3.77 21,692.14 3.90 20,080.48 1,611.66
GROSS PROFIT AFTER
DISCOUNT 34.68 199,400.74 34.97 180,094.64 19,306.10
OPERATING EXPENSE
(SCHEDULE 1) 22.30 128,220,13 21.25 109,466.20 18,753-93
PROFIT FROM OPERATIONS 12.38 71,1B0.61 13.72 70,628.44 552.17
NET NON OPERATING INCOME 1.14 6,529.27 1.01 5,195.95 1,333.32
NET INCOME 13.52 77,709.88 14.73 75,824.39 1,885.49
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
YEAR TO SEPTEMBER 30, 1970
COMBINED
3RD QTR.
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
125,840.76
374,406.12
383,052.04
8,645.92*
COST OF GOODS SOLD
39,138.43
116,329.61
128,738.62
12,409.01*
GROSS PROFIT FROM SALES
86,702.33
258,076.51
254,313.42
3,763.09*
RATIO TO NET SALES
68.90%
68.92%
66.39%
2.53%
OPERATING EXPENSE
SALARIES & WAGES
' 44,413.48
128,993.41
114,017.98
14,975.43
ALL OTHER EXPENSE
12,322.69
35,862.85
45,240.63
9,377.78*
TOTAL OPERATING EXPENSE
56,736.17
164,856.26
159,258.61
5,597.65
RATIO To NET SALES
45.09%
44.03%
41.58%
2.45%
PROFIT FROM OPERATIONS
29,966.16
93,220.25
95,054.81
1,834.56*
OTHER INCOME - NET
2,138.09
6,044.76
5,336.16
708.60
NET INCOME
32,104.25
99,265.01
100,390.97
1,125.96*
RATIO TO NET SALES
25.51%
26.51%
26.50%
0.01%
OFF SALE
NET SALES
350,097.75
989,470.61
921,851.90
67,618.71
COST OF GOODS SOLD
273,562.92
777,361.80
699,804.20
77,557.60
GROSS PROFIT FROM SALES
76,534.63
212,108.81
222,047.70
9,938.89*
RATIO To NET SALES
21.86%
21.43%
24.08%
2.65%*
OPERATING EXPENSES
SALARIES & WAGES
32,961.62
93,001.72
70,393.13
22,608.59
ALL OTHER EXPENSE
11,585.91
34,008.24
37,531.83
3,523.59*
TOTAL OPERATING EXPENSE
44,547.53
127,009.96
107,924.96
19,085.00
RATIO TO NET SALES
12.72%
12.83%
11.70%
1.13%
PROFIT FROM OPERATIONS
31,987.30
85,098.85
114,122.74
29,023.89*
OTHER INCOME - NET
4,317.63
10,509.58
7,729.08
2,780.50
NET INCOME
36,304.93
95,608.43
121,851.82
26,243.39*
RATIO To NET SALES
10.37%
9.66%
13.29%
3.63%*
ST. ANTHONY MUNICIPAL LIQUOR STORE
SUMMARY OF ON AND OFF SALES
YEAR TO SEPTEMBER 30, 1970
STORE ONE
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
3RD QTR.
YEAR To
YEAR To
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
82,482.55
240,168.61
261,183.29
21,014.68*
COST OF GOODS SOLD
25,307.24
74,0 1.89
87,943.65
13,901.76*
GROSS PROFIT ON SALES
57,175.31
16 ,12 ,72
173,239.64
7,112.92*
RATIO To NET SALES
69.32%
69.17%
66.32%
2.85%
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
26,747.80
78,240.72
79,862.23
1,621.51*
ALL OTHER EXPENSE
7,211.84
20,642.90
20,680.97
38.07*
TOTAL OPERATING EXPENSE
33,959.64
98,883.62
100,543.20
1,659.58*
RATIO To NET SALES
41.17%
41.17%
38.50%
2.67%
PROFITS FROM OPERATIONS
23,215.67
67,243.10
72,696.44
5,453.34*
OTHER INCOME — NET
1,220.26
3,253.15
3,122.01
131.14
NET INCOME
24,435.93
70,496.25
75,818.45
5,322.20*
RATIO To NET SALES
29.63%
29.35%
29.03%
0.32%
OFF SALE
NET SALES
191,522.37
548,734.61
528.838.15
19,896.46
COST OF G000s SOLD
1.56,739.82
444,076.75
405,811.31
38,265.44
GROSS PROFIT FROM SALES
34,782.55
104,657.86
123,026.84
18,368.98*
RATIO To NET SALES
18.16%
19.07%
23.26%
4.19%*
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
17,472.94
49,614.97
43,125.00
6,489.97
ALL OTHER EXPENSE
5,322.13
15,147.50
14,049.17
1,098.33
TOTAL OPERATING EXPENSE
22,795.07
64,762.47
57,174.17
7,588.30
RATIO TO NET SALES
11.90%
11.80%
10.81%
0.99%
PROFIT FROM OPERATIONS
11,987.48
39,895.39
65,852.67
25,957.28*
OTHER INCOME — NET
2,773.11
6,771.92
4,747.28
2,024.64
NET INCOME
14,760.59
46,667.31
70,599.95
23,932.64*
RATIO To NET SALES
7.71%
8.50
13.35%
4.85%*
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ST. ANTHONY MUNICIPAL LIQUOR STORE
SUMMARY OF ON AND OFF SALES
YEAR TO SEPTEMBER 30, 1970
STORE TWO
3RD QTR.
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE'*
NET SALES
43,358.21
134,237.51
121,868.75
12,368.76
COST OF GOODS SOLD
13,831.19
42,287.72
40,794.97
1,492.75
GROSS PROFIT ON SALES
29,527.02
91,949.79
81,073.78
10,876.01
RATIO To NET SALES
68.10%
68.50%
66.53%
1.97%
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
17,665.68
50,752.69
44,811.26
5,941.43
ALL OTHER EXPENSE
5,110.85
15,219.95
13,904.15
1,315.80
TOTAL OPERATING EXPENSE
22,776.53
65,972.64
58,715.41
7,257.23
RATIO To NET SALES
52.53%
49.15%
48.18%
0.97%
PROFITS FROM OPERATIONS
6,750.49
25,977.15
22,358.37
3,618.78
OTHER INCOME - NET
917.83
2,791.61
2,214.15
577.46
NET INCOME
7,668.32
28,768.76
24,572.52
4,196.24
RATIO TO NET SALES
17.69%
21.43%
20.16%
1.27%
OFF SALE
NET SALES
158,575.38
440,736.00
393,013.75
47,722.25
COST OF GOODS SOLD
116,823.10
333,285.05
293,992.89
39,292.16
GROSS PROFIT FROM SALES
41,752.28
107,450.95
99,020.86
8,430.09
RATIO To NET SALES
26.33%
24.38%
25.20%
0.82%*
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
15,488.68
43,386.75
34,371.80
9,014.95
ALL OTHER EXPENSE
6,263.78
18,860.74
16,378.99
2,481.75
TOTAL OPERATING EXPENSE
21,752.46
62,247.49
50,750.79
11,496.70
RATIO TO NET SALES
13.72
14.12%
12.91%
1.21%
PROFIT FROM OPERATIONS
19,999.82
45,203.46
48,270.07
3,066.61*
OTHER INCOME - NET
_ 1,544.52
3,737.66
2,981.80
755.86
NET INCOME
21,544.34
48,941.12
51,251.87
2,310.75-*
RATIO TO NET SALES
13.59%
11.10%
13.04%
1.94%*
ST. ANTHONY MUNICIPAL LIQUOR STORES
OPERATING EXPENSE SCHEDULE 1)
YEAR TO SEPTEMBER 30, 1970
COMBINED
3RD QTR.
YEAR TO
YEAR TO
INCREASE
1970
DATE 1970
DATE 1969
DECREASE*
BAR WAGES
32,022.46
94,208.85
93,342.86
865.99
OFF SALE WAGES
21,396.27
61,510.62
49,718.02
11,792.6o
CUSTODIANS WAGE
3,332.40
9,674.86
8,836.04
838.82
MANAGERS SALARY
9,163.68
27,199.52
24,748.58
2,450.94
BOOKKEEPER'S SALARY
3,062.06
6,684.24
7,765.61
916.63
MEDICAL - LIFE INSURANCE
1,629.20
4,o6o.85
3,111.38
949.47
PENSION CLNTRIBUTION
6,749.01
16,656.19
14,647.80
2,008.39
PAYROLL EXPENSE
77,375.10
221,995.13
202,170.29
19,824.64
LAUNDRY
983.15
3,134.19
2,910.23
223.96
BAR SUPPLIES
1,456.34
4,186.99
6,339.93
2,152.94*
OFF SALE SUPPLIES
1,436.33
4,282.74
2,940.10
1,342.64
CLEANING SUPPLIES
245.35
816.63
899.44
80.81*
OFFICE EXPENSE
103.95
689.79
1,498.64
808.85*
TRAVEL EXPENSE
176.66
624.14
491.27
132.67
SUPPLIES - EXPENSE
4,401.98
13,736.48
15,079.61
1,343.13*
RENT
3,997.38
11,992.14
11,992.14
-0-
HEAT - FUEL
255.18
1,337.17
1,244.87
92.30
UTILITIES
2,596.16
5,916.61
5,221.92
696.69
TELEPHONE
222.97
692.62
665.21
27.61
SANITATION EXPENSE
320.50
972.50
964.00
8.50
CASUALTY - LIABILITY INS.
4,165.44
11,607.96
9,258.72
2,349.24
REPAIR - MAINTENANCE
1,955.66
6,119.74
4,335.40
1,784.34
DEPRECIATION
3,722.24
11,166.72
11,687.97
521.25*
OCCUPANCY EXPENSE
17,235.53
49,8o7.66
45,370.23
4,437.43
SECURITY SERVICES
502.55
1,789.65
937.75
851.90
ADVERTISING - SIGNS
9.00
132.00
427.25
295.25*
ACCTG. - LEGAL - LICENSES
1,694.14
4,209.10
3,002.24
1,206.86
MUSIC SERVICE
65.40
196.20
196.20
-0-
SERVICE EXPENSE
2,271.09
6,326.95
4.563.44
1,763.51
OPERATING EXPENSE TOTAL
101.283.70
291.866.22
267.183.57
24.662.65
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ST. ANTHONY VILLAGE MUNICIPAL LIQUOT STORES
FINANCIAL REPORT - SECOND QUARTER 1970
ST. ANTHONY MUNICIPAL LIQUOR STORE
BALANCE SHEET
JUNE 30, 1970
ASSETS
CASH IN BANK & TRANSIT
70,712.86
CHANGE AND IMPREST PETTY CASH
63,110.00
MISCELLANEOUS RECEIVABLES
2,915.63
MERCHANDISE INVENTORIES
238,838.79
INVESTMENTS - TREASURY BILLS
95,198.50
PREPAID EXPENSES
152273.30
TOTAL CURRENT ASSETS
S 486,049.10
LAND, BUILDINGS & IMPROVEMENTS
264,100.64
ALLOWANCE FOR DEPRECIATION
(76,084.75)
FURNITURE, FIXTURES & EQUIPMENT
135,910.15
ALLOWANCE FOR DEPRECIATION
(89,988.22)
TOTAL FIXED ASSETS
S 233,937.82
TOTAL ASSETS
$ 719.986.92
LIABILITIES
TRADE ACCOUNTS PAYABLE $ 68,536.31
ACCRUED SALARIES 11,623.02
ACCRUED PAYROLL DEDUCTIONS 491.90
MINNESOTA SALES TAX FUND 5,031.65
TOTAL CURRENT LIABILITIES $ 85,682.88
NET WORTH 634,304.04
TOTAL LIABILITIES AND NET WORTH $ 719,986.92
NET WORTH SUMMARY
BALANCE, JANUARY 1, 1970 S 649,339.78
NET INCOME, FIRST QUARTER '70 $55,895.90
SECOND QUARTER'70 70,568.36 126,464.26
LESS TRANSFERS TO GENERAL FUND -141,500.00
BALANCE, JUNE 30, 1970 8 634.304.04
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ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF OPERATIONS
YEAR TO .JUNE 30, 1970
STORE ONE o
NET SALES 100.00
COST OF GOODS SOLD BE-
FORE PROMOTIONAL DISC. 69.12
GROSS PROFIT BEFORE
DISCOUNT 30.88
PROMOTIONAL DISCOUNT 3.85
GROSS PROFIT AFTER
DISCOUNT 34.73
OPERATING EXPENSE
(SCHEDULE 1) 20.76
PROFIT FROM OPERATIONS 13.97
NET NON OPERATING INCOME 1.17
NET INCOME 15.14
STORE TWO
NET SALES 100.00
COST OF GOODS SOLD BE-
FORE PROMOTIONAL DISC. 69.52
GROSS PROFIT BEFORE
DISCOUNT 30.48
PROMOTIONAL DISCOUNT 3.87
GROSS PROFIT AFTER
DISCOUNT 34.35
OPERATING EXPENSE
(SCHEDULE 1) 22.44
PROFIT FROM OPERATIONS 11.91
NET NON OPERATING INCOME 1.09
NET INCOME 13.00
YEAR TO
6-30-70 %
514,898.30 100.00
YEAR TO INCREASE
6-30-69 DECREASE*
501,628.68 13,269.62
355,906.47 70.70 354,623.43
158,991.83 29.30 147,005.25
19,834.89 4.81 24,132.76
178,826.72 34.11 171,138.01
1,283.04
11,986.58
4,297.87*
7,688.71
106,891.38
20.30
101,842.36
5,049.02
71,935.34
13.81
69,295.65
2,639.69
6,031.70
1.15
5,749.82
281.88
77,967.04
14.96
75,045.47
2,921.57
373,039.92
100.00
333,046.98
259,361.28
71.13
236,907.83
113,678.64
28.87
96,139.15
14,442.80
5.00
16,661.43
128,121.44
33.87
112,800.58
39,992.94
22,453_45
17,539.49
2,218.632-
15,320.a6
83,691.14
21.07
70,161.82
13,529.32
44,430.30
12.80
42,638.76
1,791.54
4,066.92
1.14
3,807.40
259.5?
48,497.22
13.94
46,446.16
2,051.06
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
YEAR TO JUNE 30, 1970
COMBINED
OPERATING EXPENSE:
SALARIES & WAGES
2ND QTR.
YEAR TO
YEAR To
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
128,024.66
248,565.36
249,618.20
1,052.84*
COST OF GOODS SOLD
39,205.37
77,191.18
83,846.72
6,655.54*
GROSS PROFIT FROM SALES
88,819.29
171,374.18
165,771.48
5,602.70
RATIO To NET SALES
69.37%
68.94%
66.41%
2.53%
OPERATING EXPENSE:
SALARIES & WAGES
46,213.03
84,579.93
76,473.45
8,106.48
ALL OTHER EXPENSE
12,233.79
23,540.16
27,929.53
4,389.37*
TOTAL OPERATING EXPENSE
58,446.82
108,120.09
104,402.98
3,717.11
RATIO To NET SALES
45.65%
43.49%
41.82%
1.67%
PROFIT FROM OPERATIONS
30,372.47
63,254.09
61,368.50
1,885.59
OTHER INCOME — NET
2,648.73
3,906.67
3,630.69
275.78
NET INCOME
33,021.20
67,160.76
64,999.39
2,161.37
RATIO To NET SALES
25.79%
27.01%
26.04%
.97%
OFF SALE
NET SALES
340,408.05
639,372.86
585,057.46
54,315.40
COST OF GOODS SOLD
261,806.85
503,798.88
466,890.3563
,908.53
GROSS PROFIT FROM SALES
78,601.20
135,573.98
118,167.11
17,406.87
RATIO TO NET SALES
23.08%
21.20%
20.19%
1.01%
OPERATING EXPENSE:
SALARIES & WAGES
32,882.79
6o,040.10
44,210.63
15,829.47
ALL OTHER EXPENSE
11,226.37
22,422.33
23,390.57
968.24*
TOTAL OPERATING EXPENSE
44,109.16
82,462.43
67,601.20
14,861.23
RATIO To NET SALES
12.95%
12.89%
11.55%
1.34%
PROFIT FROM OPERATIONS
34,492.04
53,111.55
50,565.91
2,545.64
OTHER INCOME — NET
3,055.12
6,191.95
5,926.33
265.62
NET INCOME
37,547.16
59,303.50
56,492.24
2,811.26
RATIO TO NET SALES
11.03%
9.28%
9.66%
.38%*
ST. ANTHONY MUNICIPAL LIQUOR STORE
SUMMARY OF ON AND OFF SALES
STORE ONE
YEAR TO JUNE 30, 1970
2ND QTR.
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
829711.63
157,686.06
167,668.78
9,982.72*
COST OF G000s SOLD
24,911.59
4$.734.65
56,018.07
3.42*
GROSS PROFIT ON SALES
57,800.04
108,951.41
111,650,71
_7.28_
2, 99.30*
RATIO TO NET SALES
69.88%
69.090
66.59
2.5016
OPERATING EXPENSE:
SALARIES, WAGES, AND
BENEFITS
279895.27
51,492.92
49,447.08
2,045.84
ALL OTHER EXPENSE
7,095.88
13,431.06
16,619.73
3,1$$,67*
TOTAL OPERATING EXPENSE
34,991.15
64,923.98
66,066.81
1,142.83*
RATIO TO NET SALES
42.30%
41.17%
39.40%
1.77%
PROFITS FROM OPERATIONS 22,808.89
44,027.43
45,583.90
1,556.47*
OTHER INCOME - NET
1.261.06
2
2,104.$1
71.92$ *
INCOME
24069.95
46,0602
478.71
1,628,39*NET
RATIO TO NET SALES
29.10%
29.21%
28,44
.77%
OFF SALE
NET SALES
190,578.45
357,212.24
333,959.90
23,252.34
COST OF GOODS SOLD
147,787.01
287,336.E
274,472.60
12,864.33
GROSS PROFIT FROM SALES 42,791.44
69.875.31
59,467.30
10,388.01
RATIO TO NET SALES
22.45%
17,87%
17,81%
.06%
OPERATING EXPENSE:
SALARIES, WAGES, AND
BENEFITS
17,812.81
32,142.03
24,644.21
7,497.82
ALL OTHER EXPENSE
4,791.199,$25.37
11.131.34
TOTAL OPERATING EXPENSE 22,604.00
41,967.40
35,775.55
_1,305.97*
6,191.85
RATIO TO NET SALES
11.86%
11.74
10,71%
1.03%
PROFIT FROM OPERATIONS
20,187.44
27,907,91
23,711.75
4,196.16
OTHER INCOME - NET
1,729.26
3.998.$1
3,645.01
353.80
NET INCOME
21,916.70
31,906.72
27,356.76
4,549.96
RATIO TO NET SALES
11.50%
8.93%
8,19/°
.74
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
STORE TWO
YEAR TO JUNE 30, 1970
2ND QTR.
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1970
DATE 1969
DECREASE*
NET SALES
45,313.03
90,879.30
81,949.42
8,929.88
COST OF GOODS SOLD
14,293.78
28,456.53
27,828.65
627.88
GROSS PROFIT ON SALES
31,019.25
62,422.77
54,120.77
8,302.00
RATIO To NET SALES
57.42%
67.69%
66.04%
1.65%
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
18017.76
33,087.01
27,026.37
6,o6o.64
ALL OTHER EXPENSE
5,137.91
10,109.10
11,309.80
1,200.70"X'
TOTAL OPERATING EXPENSE
23,455.67
43,196.11
38,336.17
4,859.94
RATIO To NET SALES
51.76%
47.53%
46.780%
.75%
PROFIT FROM OPERATIONS
7,563.58
19,226.66
15,784.60
3,442.06
OTHER INCOME - NET
1,387.67
1,873.78
1,526.08
347.70
NET INCOME
8,951.25
21,100.44
17,310.68
3,789.76
RATIO TO NET SALES
18.65%
23.21%
21.12%
2.09%
OFF SALE
NET SALES
149,829.60
282,160.62
251,097.56
31,063.06
COST OF G000s SOLO
114,019.84
216,461.95
19�
24,044.20
GROSS PROFIT ON SALES
35,809
65,698.67
5B, 79.81
7,018.86
RATIO TO NET SALES
23.91
23.28%
23.37%Ov%*
OPERATING EXPENSES
SALARIES, WAGES & BENEFITS
15,069.98
27,898.07
19,566.42
8,331.65
ALL OTHER EXPENSE
6,435.18
12,596.96
12_,259.23
337.73
TOTAL OPERATING EXPENSE
21,505.16
40,495.03
31,825. 5
8,669.38
RATIO To NET SALES
14.35%
14.35%
12.67%
1.68%
PROFITS FROM OPERATIONS
14,304.60
25,203.64
26,854.16
1,650.52*
OTHER INCOME - NET
1,325.86
2,193.14
2,281.32
B8.18*
NET INCOME
15,630.46
27,396.78
29,135.48
1,738.70*
RATIO TO NET SALES
10.43%
9.71%
11.61
1.8v%*
ST. ANTHONY MUNICIPAL LIQUOR STORES
OPERATING EXPENSE (SCHEDULE 1)
YEAR TO JUNE 30, 1970
COMBINED
2ND QTR.
YEAR TO
YEAR TO
INCREASE
1970
DATE 1970
DATE 1969
DECREASE*
BAR WAGES
33,227.58
62,186.39
62,631.87
445.48*
OFF SALE WAGES
21,541.13
40,114.35
30,369.08
9,745.27
CUSTODIANS WAGES
3,385.62
6,342.46
5,824.79
517.67
MANAGERS SALARY
9,7o6.20
18,035.84
16,726.33
1,309.51
BOOKKEEPERS SALARY
3,016.40
5,602,16
5,132.01
470.15
MEDICAL - LIFE INSURANCE
1,471.60
2,431.65
1,996.07
435.58
PENSION CONTRIBUTION
6,747.29
9,907,18
8,662.56
1,244.62
PAYROLL EXPENSE
79,095.82
144,620.03
131,342.71
13,277.32
LAUNDRY
1,034.90
2,151.04
1,989.94
161.10
BAR SUPPLIES
1,419,50
2,730.65
3,799.90
1,o69.25*
OFF SALE SUPPLIES
1,346.59
2,846.41
1,699.72
1,146.69
CLEANING SUPPLIES
294.79
573.28
656.43
83.15*
OFFICE EXPENSE
343.84
585.84
984.69
398.85*
TRAVEL EXPENSE
270.88
447.28
371.94
75.34
SUPPLIES - EXPENSE
4,710,50
9,334.50
9,502.62
168.12*
RENT
3,997.38
7,994.76
7,994.76
-o-
HEAT - FUEL
364.03
1,081.99
988.35
93.64
UTILITIES
1,755.10
3,322.45
2,704.95
617.50
TELEPHONE
227.12
469.85
443.50
26.35
SANITATION
332.50
652.00
643.50
8.50
CASUALTY - LIABILITY INS.
3,827.36
7,442.52
5,268.56
2,173.96
REPAIR - MAINTENANCE
2,302.00
4,164,08
2,949.38
1,214.70
DEPRECIATION
3,722.24
7,444.48
7,744.22
299.74*
OCCUPANCY EXPENSE
-16,527.73
32,572.13
28,737.22
3,834.91
SECURITY SERVICES
851.25
1,287.10
629.25
657.85
ADVERTISING - SIGNS
32,80
123,00
275,20
152,20*
ACCTG. - LEGAL - LICENSES
1,272.48
2,514.96
1,386.38
1,128.58
MUSIC SERVICE
65.40
130.80
130.80
-0-
SERVICES
2,221.93
4,055.86
2,421.63
1,634.23
OPERATING EXPENSE TOTAL
102,555.98
1901582,52
172,004.18
18.578.34
* **
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NOTES ON QUARTERLY REPORT
SECOND QUARTER ENDED JUNE 30, 1970
BALANCE SHEET
ADDITIONAL $5,000 IN CHECK CASHING FUND FOR 4TH OF JULY BUSINESS.
INVENTORY UP $15,357. OTHER BALANCES NOT CHANGED SIGNIFICANTLY.
INCOME STATEMENT
TOTAL SALES INCREASE $53,263 (6.4%) ABOVE FIRST SIX MONTHS PREVIOUS
YEAR. COST OF GOODS SOLD BEFORE PROMOTIONAL DISCOUNT DOWN 1.58% AND
PROMOTIONAL DISCOUNT DOWN 1.03% RESULTING IN GROSS PROFIT ON MERCHAN-
DISE PERCENTAGE UP .55%. OPERATING EXPENSE UP 0.85% AND NET INCOME
OFF 0.32%.
STORE ONE
NET SALES UP $13,270. (2.7%) COST OF GOODS SOLD DOWN 1.6%. PROMO-
TIONAL DISCOUNT DOWN 0.96%. NET INCOME UP 0.100.
STORE TWO
NET SALES UP $39,993• (12•COST OF GOODS SOLD DOWN 1.6%. PROMO-
TIONAL DISCOUNT DOWN 1.13%. OPERATING EXPENSE UP 1.37%. NET INCOME
DOWN 0.94%.
ON SALE
COMBINED SALES DOWN $1,053. INCOME UP $2,161.
STORE #1 SALES DOWN $99983. INCOME OFF $1,628.
STORE #2 SALES UP $8,930. INCOME UP $3,790.
OFF SALE
COMBINED SALES UP $54,315• INCOME UP $2,811.
STORE #1 SALES UP $23,252. INCOME UP $4,550.
STORE #2 SALES UP $31,063. INCOME DOWN $1,739.
ST. ANTHONY VILLAGE MUNICIPAL LIQUOR STORES
FINANCIAL REPORT - FIRST QUARTER 1970
ST. ANTHONY MUNICIPAL LIQUOR STORE
BALANCE SHEET
MARCH 31, 1970
ASSETS
CASH IN BANK & TRANSIT
$ 71,032.64
CHANGE AND IMPREST PETTY CASH
58,110.00
MISCELLANEOUS RECEIVABLES
15,041.64
MERCHANDISE INVENTORIES
223,482.23
INVESTMENTS - TREASURY BILLS
95,192.00
PREPAID EXPENSES
2,410.11
TOTtL CURRENT ASSETS
$ 465,268.62
LAND, BUILDINGS & IMPROVEMENTS
$ 264,100.64
ALLOWANCE FOR DEPRECIATION
(74,247.01)
FURNITURE, FIXTURES & EQUIPMENT
135,910.15
ALLOWANCE FOR DEPRECIATION
(88,103-72)
TOTAL FIXED ASSETS
$ 237,660.06
TOTAL ASSETS
$ 702,928,68
LIABILITIES
TRADE ACCOUNTS PAYABLE
$ 57,116.31
ACCRUED SALARIES
5,206,64
ACCRUED PAYROLL DEDUCTIONS
1,795.37
MINNESOTA SALES TAX FUND
-4,324.66
TOTAL CURRENT LIABILITIES
$ 68,443.00
NET WORTH
634,485.68
TOTAL LIABILITIES AND NET WORTH
$ 702,928.68
NET WORTH SUMMARY
BALANCE, JANUARY 1, 1970 $ 649,339.78
NET INCOME - FIRST QUARTER 1970 55,895.90
LESS TRANSFERS TO GENERAL FUND -70,750,00
BALANCE, MARCH 31, 1970 $ 634.485.68
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ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY
OF OPERATIONS
YEAR TO
MARCH 31, 1970
YEAR TO
YEAR TO
INCREASE
STORE ONE
°0
3-31-70
%
3-31-69
DECREASE*
NET SALES
100.00
241,608.22
100.00
235,501.64
6,1o6.58
COST OF GOODS SOLD BE-
FORE PROMOTIONAL DISC.
70.67
170,748.20
69.13
162,801.09
7,947.11
GROSS PROFIT BEFORE
DISCOUNT
29.33
70,860.02
30.87
72,700.55
1,840.53*
PROMOTIONAL DISCOUNT
3.05
7,375.22
3.02
7,11$.17
257.05
GROSS PROFIT AFTER
DISCOUNT
32.38
78,235.24
33.89
79,818.72
1,583.48*
OPERATING EXPENSE
SCHEDULE 1)
20.40
49,296.23
21.11
49,715.98
419.75*
PROFIT FROM OPERATIONS
11.98
28,939.01
12.78
30,102.74
1,163.73'*
NET NON OPERATING INCOME
1.26
3,041.38
1.00
2,361.41
679.97
NET INCOME
13.24
31,980.39
13.78
32,464.15
483.76*
STORE TWO
NET SALES
100.00
177,897.29
100.00
162,462.30
15,434.99
COST OF GOODS SOLD BE-
FORE PROMOTIONAL Disc.
68.95
122,665.76
68.82
111,805.99
10,859.77
GROSS PROFIT BEFORE
DISCOUNT
31.05
55,231.53
31.18
50,656.31
4,575.22
PROMOTIONAL DISCOUNT
3.40
6,060.90
3.16
5,129.79
931.11
GROSS PROFIT AFTER
DISCOUNT
34.45
61,292.43
34.34
55,786.10
5,506.33
OPERATING EXPENSE
SCHEDULE 1)
21.77
38,730.31
21.05
34,196.41
4,533.90
PROFIT FROM OPERATIONS
12.68
22,562.12
13.29
21,589.69
972.43
NET NON OPERATING INCOME
.76
1,353.39
.98
1,600.37
246.98*
NET INCOME
13.44
23,915.51
14.27
23,190.06
725.45
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
YEAR TO MARCH 31, 1970
COMBINED
YEAR TO
YEAR TO
INCREASE
ON SALE
DATE 1970
DATE 1969
DECREASE*
NET SALES
120,540.70
121,820.79
1,280.09*
COST OF G000s SOLD
37,985.81
39,515.601,529.79*
GROSS PROFIT FROM SALES
82,554.89
82,305.19
249.70
RATIO TO NET SALES
66.48%
67.56%
•9211
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OPERATING EXPENSE:
SALARIES & WAGES
38,366.90
38,164.32
202..58
ALL OTHER EXPENSE
11 N
13,743.08
_ 2,436.71*
TOTAL OPERATING EXPENSE
49�73.27'
51,907.40
2,234.13*
RATIO TO NET SALES
41.21%
42.53%
1.32%*
PROFIT FROM OPERATIONS
32,881.62
30,397.79
2,483.83
OTHER INCOME - NET
1,257.94
1,753.05
.11.X.
NET INCOME
34,139.56
32,150.84
1,988.72
RATIO TO NET SALES
28,08%
26.39%
������
1.691.
OFF SALE
NET SALES
298,964.81
276,143.15
22,821.66
COST OF G000s SOLD
241,992.03
222,843.521
1' 8*,l
GROSS PROFIT FROM SALES
56,972.78
53,299.63
3,673.15
RATIO TO NET SALES
19.06%
19,30%
X24%-*
OPERATING EXPENSE:
SALARIES & WAGES
27,157,31
21,552.62
5,604.69
ALL OTHER EXPENSE
11,195.96
10,452.37
TOTAL OPERATING EXPENSE
38,353.27
32,004.99
6,34'8!2'99
RATIO To NET SALES
12.83%
11.59%
1.24%
PROFIT FROM OPERATIONS
18,619,51
21,294.64
2,675.13*
OTHER INCOME - NET
3,136.83
2,208,73
928.10
NET INCOME
21,756.34
23,503.37
1,747.03*
RATIO TO NET SALES
7.28%
6.51*
1.23%*
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF
SALES
STORE ONE
YEAR
TO MARCH 31,
1970
YEAR TO
YEAR TO
INCREASE
ON SALE
DATE 1970
DATE 1969
DECREASE*
NET SALES
74,974.43
79,663.65
4,689.22#
COST OF GOODS SOLD
23L82j_.06
26,152.75
2,329.69*
GROSS PROFIT ON SALES
51,151.37
53,510.90
2,359.53*
RATIO TO NET SALES
68.23
67.17%
1.06%
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
23,597.65
24,600.75
1,003.10#
ALL OTHER EXPENSE
6,335.18
8,323.04
1,987.86#
TOTAL OPERATING EXPENSE
29,932.83
32,923.79
2,990.96*
RATIO To NET SALES
39.92%
41.32%
1.400/-*
PROFITS FROM OPERATIONS
21,218.54
20,587.11
631,43
OTHER INCOME — NET
771,83
1,003.53
231.70#
NET INCOME
21,990.37
21,590.64
399.73
RATIO TO NET SALES
29.33
27,10%
2.23
OFF SALE
NET SALES
166,633.79
155,837.99
10,795.80
COST OF GOODS SOLD
139,549.92
129,530.17
10,029.75
GROSS PROFIT FROM SALES
27,083.87
26,307.82
776.05
RATIO TO NET SALES
16.23
16.88
.63#
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
14,329.22
12,135.06
2,194.16
ALL OTHER EXPENSE
5,034.18
4,657.13
377.05
TOTAL OPERATING EXPENSE
19,363.40
16,792.19
2,571.21
RATIO TO NET SALES
10.28
10.78%
.50%*
PROFITS FROM OPERATIONS
7,720.47
9,515.63
1,795.16*
OTHER INCOME - NET
2,269.55
1,357.88
911.67
NET INCOME
9,990.02
10,873.51
883.49*'
RATIO TO NET SALES
6.00%
6.97%
.97%*
ST. ANTHONY MUNICIPAL LIQUOR STORES
SUMMARY OF ON AND OFF SALES
STORE TWO
YEAR TO MARCH 31, 1970
YEAR
YEAR TO
YEAR TO
INCREASE
ON SALE
1970
DATE 1969
DECREASE*
NET SALES
45,566.27
42,157.14
3,409.13
COST OF GOODS SOLD
14,162.E
13,362.85
799.90
GROSS PPOF7 T ON SALES
31,403.52
28,794.29
2,609.23
RAT.:') To NET SALES
68.91%
68.30%
.61%
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
14,769.25
13,563.57
1,205.68
ALL OTHER EXPENSE
-42221-19
5,4.20,04
448.85*
TOTAL OPERATING EXPENSE
19,740.44
18,983.61
756.83
RATIO To NET SALES
43.32%
45.03%
1.71%*
PROFITS FROM OPERATIONS
11,663,08
9,810.68
1,852.40
OTHER INCOME - NET
486.11
_ 749.52
261.41*
NET INCOME
12,149.19
10,560.20
1,588.99
RATIO TO NET SALES
26.66%
25.04%
1.62%
OFF SALE
NET SALES
132,331.02
120,305.16
12,025,86
COST OF GOODS SOLD
102,442.11
93,313.35
9,128.76
GROSS PROFIT FROM SALES
29,888.91
26,991.81
2,897.10
RATIO TO NET SALES
22.50
22.44%14%
OPERATING EXPENSE:
SALARIES, WAGES, BENEFITS
12,828.09
9,417.56
3,410.53
ALL OTHER EXPENSE
6,161.78
5,795.24
_ 366.54
TOTAL OPERATING EXPENSE
18,989.87
15,212.80
3,777.07
RATIO To NET SALES
14.35%
12.65%
1,70%
PROFITS FROM OPERATIONS
10,899.04
11,779.01
879.97*
OTHER INCOME - NET
867.28
_ 850.$5
16.43
NET INCOME
11,766.32
12,629.86
863.54*
RATIO TO NET SALES
8.29%
10.50%
2.217**
i
ST. ANTHONY MUNICIPAL LIQUOR STORES
OPERATING EXPENSE SCHEDULE 1)
YEAR TO MARCH 31, 1970
COMBINED
YEAR TO
YEAR TO
INCREASE
DATE 1970
DATE 1969
DECREASE*
BAR WAGES
28,958.81
31,351.90
2,393-09*
,393.09
OFF SALE WAGES
18,573.22
14,740.22
3,833.00
CUSTODIANS WAGES
21956.84
2,880.00
76.84
MANAGERS SALARY
8,329.64
8,165.59
164,05
BOOKKEEPERS SALARY
2,585.76
2,579.23
6.53
MEDICAL - LIFE INSURANCE
960.05
1,408.86
448.81*
PENSION CONTRIBUTION
3,159.892_4,
17.39
1,057.50 g.
PAYROLL EXPENSE
65,524.21
65,343.19
181.02
LAUNDRY
19116.14
916.58
199.56
BAR SUPPLIES
1,311.15
2,085.23
774.08*
OFF SALE SUPPLIES
1,499.82
617.91
881.91
CLEANING SUPPLIES
278.49
271.50
6.99
OFFICE EXPENSE
242.00
342.45
100.45*
TRAVEL EXPENSE
176.40
166.18
10.22
SUPPLIES - EXPENSE
4.624.00
4,399.85
224.15
RENT
3,997.38
3,997.38
-0-
HEAT - FUEL
717.96
217.14
500.82
UTILITIES
1,567.35
1,007.95
559.40
TELEPHONE
242.73
184.88
57.85
SANITATION
319.50
316.00
3.50
CASUALTY - LIABILITY INS.
3,615.16
2,466.91
1,148.25
REPAIRS - MAINTENANCE
1,862.08
1,649.05
213.03
DEPRECIATION22.2
B3. 65.48
143.24
OCCUPANCY EXPENSE
16,044.40
13,704-79
2,339.61
SECURITY SERVICES
435.85
277.60
158.25
ADVERTISING - SIGNS
90.20
81.50
8.70
ACCTG. - LEGAL - LICENSES
1,242.48
40.06
1,202.42
MUSIC SERVICE
65.40
65.40
-0-
SERVICES
1,833.93
464.56
1,369-37
OPERATING EXPENSE TOTAL
BB.O26.54
832912.39
4.114.15
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NOTES ON QUARTERLY REPORT
FIRST QUARTER ENDED MARCH 31, 1970
BALANCE SHEET
ONLY SIGNIFICANT CHANGES ARE REDUCTIONIN INVENTORY BY $45,100
AND $47,100 INCREASE IN INVESTMENTS DURING FIRST QUARTER. AN
AMOUNT OF $3,300 HAS BEEN PLACED IN ACCRUED WAGES IN ANTICIPATION
OF CONTRACT SETTLEMENT REPRESENTING PROBABLE RETROACTIVE PAY DUE.
INCOME STATEMENT
TOTAL SALES INCREASE $21,541.57 (5.4%) ABOVE FIRST QUARTER PRE-
VIOUS YEAR. COST OF GOODS BEFORE PROMOTIONAL DISCOUNTS ROSE
0.94% AND PROMOTIONAL DISCOUNTS UP 0.12%. CHANGES IN OPERATING
EXPENSE AND OTHER INCOME NOT SIGNIFICANT. NET INCOME APPROXI-
MATELY THE SAME.
STORE ONE
NET SALES UP $6,106.58 (2.6%). COST OF GOODS SOLD UP 1.54%.
OPERATING EXPENSE DOWN 0.71%. NET INCOME DOWN 0.53% OF SALES.
STORE TWO
NET SALES up $15,434.99 (9.5%). COST OF G000s SOLD up 0.13%.
OPERATING EXPENSE UP 0.72%. NET INCOME DOWN 0.83% OF SALES.
ON SALE
COMBINED SALES DOWN $1,280.09. INCOME UP $1,988.72.
STORE #1 SALES DOWN $4,689.22. INCOME UP $ 399.73.
STORE #2 SALES UP $3,409.13. INCOME UP $1,588.99.
OFF SALE
COMBINED SALES UP $22,821.66. INCOME DOWN $1,747.03.
STORE #1 SALES UP $10,795.80. INCOME DOWN $ 883.49.
STORE #2 SALES UP $12,025.86. INCOME DOWN $ 863.54.