02-25-1985 Council Packet - Laserfiche WebLink

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Analysis of city liquor store operations for 1983 Ame H. Carlson, State Auditor Declining sales and net income con. tinued in 1993, as evident in the sum. mary analysis of city liquor store oper. ations. In the 343 cities which operated liquor stores, 60 stores suffered oper- ating liquor losses, while 31 stores had net losses. In contrast, 22 stores con tributed $100.000 or more to the city general fund, which indicates the sharp contrasts in profit among the stores. Four stores closed during the year. City liquor store sales decreased $833.000 to $138.5 million in 1993. compared to $139.3 million in 1982: and $146.1 million in 1981. Gross profit for a8 stores of 31.5 percent was up 0.1 percent over the prior rest. Oper. ating expense continued rising to 25.7 percent, up from 25.2 percent in 1982. Operating income of $8.0 million was down from S8.6 million 1982 and $10.6 million in 1981. Net 'income of a8 stores totaled $10.854.071. down from $11.408.194 a year earlier. Contribution of city liquor store profits to other city funds was down also in 1983. amounting to S8,884,704 compared to $9.079,436 for 1982. Twenty-seven city liquor stores had gross sales in 196 in excess of $1 million, and two. Edda and Richfield. had sales of $5.48 and $5.46 million. resper. uvely. The most profitable city liquor store was Richfield with an operating income of $463.623. followed by SI. Anthony. Bemidji, and Edina. Twemy- six stores had net icomes of over $100.000 in I"0r, as compared to 24 atoms III 19t income for all stores ($10,851,G' an average of 7.8 percent of ., cotnpared to 8.2 per - mot in 1982.. d 9.6 percent in 1901. Nimly-eight stores made no corn butions to other municipal funds in 1983 and nine required contributions from governmental funds. Two stores. Longville and Wilson. faded In report in lime for this nock December 1984 Summary of 1983 city liquor stores operations On and Off sale stores - 248 cities Pervert of sales Item Amount 1983 1982 Saks $75.932.166 1011.0 100.0 Cost of Saks 46.234.036 61.0 61.9 Gross profit 29.598,130 39.0 38.1 Operating expense 25.392.613 33.5 32.3 Income from operatbns 4,205.517 55 5.8 Non-operatin8 revenues 2.157.561 2.8 2.8 Non -operating expenses 353.990 0.4 0.4 Net income before transfers 6.9i19.088 7.9 8.2 TraiM,,s to other atv funds 4.573.410 - - Of -sale only stores - 95 cities Percent of ad. It.. Amount 1983 1982 Saks $62.625.435 100.0 100.0 Cost of asks 48.590.811 77.6 77.7 Grass profit 14.11M.624 22.4 ?2.3 Operatog expensv 10.194.221 16.3 15.6 Income from operations 3.842.403 6.1 6.7 Non -operating revenues 1.212.146 1.9 1.8 Non -operating expenses 209.566 0.3 0.3 Net income before transfers 4.844.983 7.7 8.2 Transfers to other an' funds :.311.294 - - All stores - 343 cities Percent of sal. Item Amount 1983 1982 Saks $138.457.601 100.0 100.0 Cost al saes 91,822,&7 68.5 68.6 Gross profit 43,634.754 31.5 31.4 Operating expense 35.586.874 25.7 25.2 Income from operauans 8.047,920 5.8 5.2 Non operating revenues 3.369.707 24 2.3 Nonopera uq; expenses 563.556 0.4 0.3 Net .. before transfers 10.851,071 7 8 8.2 Transfers to other city funds 8.884.704 - - Operating income as a percent of sales Percent of agile+ Item 1993 1982 1981 On and off Bair stores 5.5 5.8 7.2 Off -sale my stores 6 1 6.7 7.4 AN stores 5 N 6 2 7.3