03-25-1985 Council Packet - Laserfiche WebLink

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Memo #85-18 page 4 of 4 12 Month 12 Month Estimated Actual Percent of Revenue Revenue Est.Revenue LIQUOR OPERATING FUND Liquor Sales $ $ 153,505 Wine Sales 106,183 Beer Sales 155,221 Mix Sales 10,106 Misc. Sales 1,309 Sales Discounts (6,660) Bottle Deposits 5,741 Bottle Returns (5,897) Cash Over (Short) 9 Interest on Investments 3,479 Other 226 Twelve Month Total (1984) $ 121,316 ---------- ---------- $ 423,262 - - ---------- ---- ---------- ---- Twelve Month Total (1983) $ 123,23/ ---------- ---------- $ 448,127 - - ---------- ---- ---------- ---- NOTES - This report does not reflect some adjustments for 1984 accrued revenues as some amounts are not yet known. Any adjustments made should not have a material effect, however. The General fund does not include non budgeted, non revenue items for - Building permit surcharges collected for, and remitted to, the State of Minnesota. - SAC charges collected for, and remitted to, the MF.tropolitan Waste Control Commission. The Sewer Operating Fund (1983) includes $49,226 of non- recurring receipts ($39,926 from the City o1i Medina for the partial buy -in to the Orono sanitary sewer system west of Long Lake; and $9,300 from the sale of land adjacent to the old sewer plant). The Golf Course Operating Fund (1983) included $40,000 of non -recurring receipts from the Park Fund to offset prior capital improvements and equipment costs. The Liquor Operating Fund and Golf Course Operat ng Fund revenues reflect gross sales and have not been adjusted for inventory changes to reflect gross profit on sales. No percentages are shown for these operations because the estimated revenues represent gross profit at the projected break-even point. Sales tax collected is not shown as it is an non -revenue item.