02-25-1985 Council Packet - Laserfiche WebLink

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TO: City Council FROM: Tom Kuehn, Finance Director DATE: February 20, 1985 Memo x85-11 /^ page 1 of 2 4, JL .: _A A'lEE= FEB W985 Gil: v OF NOW SUBJECT: Liquor Store Operating Results - Three Months Ended December 31, 1984 Comparative liquor store operating statements for the fourth quarter of 1984 and 1983 are attached. The balance sheet and statement of revenue and expenses are somewhat condensed from prior reports but are essentially unchanged. The cost of sales statements has been expanded to show cost of sales by type, liquor, wine, beer, and mix and miscellaneous. The 1984 totals for liquor -wine and beer -mix are shown so that a comparison can be made with 1983. The more detailed information is not readily available for 1983 so this method must be used until the first quarter of 1985. A seperate schedule is included for gross profit on sales by category - liquor, wine, beer, and mix and miscellaneous. As with the cost of sales, the gross profit statement compares the 1984-83 totals for liquor -wine, and beer - mix due to information limitations. A condensed comparative statement of revenues and expenses is presented below. W.. n., of abcount• ]e.t et eno a,e•• vt.ut OpoutS.f .ae.n.a. OP.ta InV Incov (LOSS) xen eq utln9 IeCON M•t Imoae ILou) IOUIITx W6Krf b _1916 H•J (unen t11 $104.631 6116_..6S2 6p2.•21, 01190 ''�`iis 'i4'n -n U;984 itrE 1 2 565 4-4(47 F-7;LT7 t-Trial ........ ..... ........ '"1 10 011T9 1994 Ore _IfN 196) (UMKI Ifsl fflf.:u 6444.51, 6125.eW 1f�f,.1 0151 11 � I TTr s'M IITi 413 1 12{ 1 720 (123i1, i- 9! 121 ........ S 21I a ........ ITTAI ........ The fourth quarter of 1904 had income of $3,407 compared to the 1983 fourth quarter income of $7, 143, a decrease of $3,736 or 52.34. For the year 1984 net income was $9,128 on gross sales of $426,169 or 2.14%. This compares with 1983 net income of $21.203 on gross sales of $451,122, or 4.76%. For the yea• 1984 net sales were down $25,169 from 1983, a decrease of 5.62%; cost of sales was down $15,223, or 4.641; operatinc expenses were up $2,304, or 2.05%; and net income was down $12,975, or 56.95%.