11-10-1986 Council Packet - Laserfiche WebLink

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TO Mayor and C i ty Counc i 1 (� FROM: Mark Bernhard5on, City Arlininistrato��l DATE: April 21, 1986 SUBJECT: Liquor Operations Report - January -March '86 As indicated at our last discussion on February 26, 1986 regarding 1985 year end results it was indicated that staff would bring back this item with the first three months result so that you would be able to compare those results against the targets and the business strategy plan that had been established for 1986. Below are the first three month results historically and as weight against the targets that have been established. 183 184 185 1986 Actual Actual Actual Target Actual Net Sales 76,012 85,216 73,456 83,000 83,254 Cost of Sales 55,069 61,896 54,405 60,067 61,063 Gross Profit 20,943 23,728 20,118 22,933 22,191 Expenses 27,382 Operating Income (6,441 ( )-Indicates Loss Non Operating Revenues 28,167 (3,746) 29,41- s 28,290 (5,357) 28,071 (5,880) 495 Net Income (5,385) Inventory 98,950 100,088 97,411 80,000 92,419 The 1986 targets, if met, will yield about $10,0"0 net income by the end of the year. The most critical is the net income figure and to date the operation is about $500 behind the target figure prior to inclusion of nonoperating income. RECOMMENDATION - It is recommended that the City continue to monitor and work on its business stratgey plan for improvement of the business for the next three months and total figures for the second quarter will be brought back to the Council at its July 28th meeing. PROPOSED MOTION - Moved by , seconded by , to accept the report and continue on course with the liquor operation plan for 1986. Ayes _ , Nays __ 1