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CITY OF ORONO
<br />MUNICIPAL LIQUOR OPERATING FUI:D
<br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS
<br />Years Ended December 31, 1985 and 1984
<br />1985 1984
<br />_ Sales and Cost of Sales:
<br />Sales $ 431,987 $ 419,509
<br />Cost of Sales 316,481 299,257
<br />Gross Profit 115,506 120,252
<br />Operating Expenses:
<br />Salaries and wages
<br />71,389
<br />66,130
<br />Retirement contributions
<br />7,003
<br />6,365
<br />Health and life insurance contributions
<br />5,073
<br />4,661
<br />Professional services
<br />2,154
<br />1,600
<br />Operating and maintenance supplies
<br />2,156
<br />1,515
<br />Heat, light, and power
<br />3,777
<br />4,317
<br />Depreciation
<br />1,710
<br />1,730
<br />Rent, buildings, and equipment
<br />15,000
<br />14,900
<br />Maintenance and repairs
<br />2,696
<br />1,860
<br />4,4dministrative charges from General Fund
<br />2,770
<br />2,508
<br />Communications
<br />691
<br />685
<br />Office supplies
<br />414
<br />228
<br />Printing, publishing, and advertising
<br />1,951
<br />1,285
<br />Data processing
<br />1,700
<br />1,733
<br />Insurance
<br />6,491
<br />3,214
<br />Other expenses
<br />1,963
<br />2,156
<br />Total Operating Expenses
<br />126,938
<br />114,887
<br />Operating Income (Loss)
<br />(11,432)
<br />5,365
<br />Nonoperating Revenue:
<br />Interest earned on investments
<br />1,618
<br />3,479
<br />Other income
<br />1,220
<br />274
<br />Total Nonoperating Revenue
<br />2,838
<br />3,753
<br />Net Income (Loss) Before Operatinc Trar.sfer
<br />(8,594)
<br />9,118
<br />Operating Transfer In (Out):
<br />.� (5,000) (15,000)
<br />To General Fund
<br />R NET INCOME (LOSS) TO RETAINED EARNINGS $ (13,594) $ (5,882)
<br />Retained earnings - beginning of year 129,412 135,294
<br />Retained Earnings - End of Year $-115,818 $ 129,412
<br />- 47 -
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