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April -3. l } 200 3 <br />To . Meal Beets <br />City Manager <br />From- Chris Miller <br />Finance Director <br />R;: Renewal of Lady Slipper "s Class A Prerni-ses Permit <br />The Lady Slipper Chapter of Al WA has applied for a renewal of their Class A Premises Permit at the Roseville Bingo <br />Hall, located at 2525 forth Snelling Avenue. Below is a summary of Lady Slipper's financial operations for 2001 and <br />2002. <br />d <br />t <br />A review of the two year period ending December 31, 2002 shows the Lady dipper as having less than the 25% <br />Maximum carryover allowed. 2001 does not show any revenue clue to the closing of the lingo hall. Staff is therefore <br />recommending renewal of the Lady dipper's Mass A Premises Pewit at the Roseville Bingo hall contingent upon the <br />approval of the required background checks. <br />2001 <br />2002 <br />Annual <br />AnnUal <br />Previous Year Carry -Over <br />$(86,241.52) <br />116 721.111) <br />ToL,d Revenue <br />$0.00 <br />51.081,3 76 -00 <br />Less Pn'zes <br />0.00 <br />918,0$0.00 <br />Net Proceeds <br />0.00 <br />163,296.00 <br />Disbursements <br />-'axes <br />9,497.85 <br />:3 2.629.05 <br />Inventory Used <br />(53 &87) <br />19.919.38 <br />Compensation <br />0.00 <br />5-9,040.35 <br />Accounting <br />1,1 32.00 <br />2.392.70 <br />Advertising <br />155.00 <br />695.52 <br />Rent <br />0.00 <br />7 2.09 5.00 <br />Bend, Insurance <br />1,1 98.80 <br />347.40 <br />Cash Short <br />0.00 <br />179.23 <br />Misc. Expemes, Equipment <br />562.34 <br />90 L75 <br />Total Expenses <br />12,01 '7.12 <br />194.189.38 <br />Profit Before Donations <br />(12,007.12) <br />(20,893.38) <br />ContributionsTederal and City Taxes <br />19,472.37 <br />43.702.70 <br />Net Profit (Lass) <br />S(30,479.79) <br />(64,5596.08) <br />Balance Carry-Over gegba a g of Year <br />x.241,52) <br />SO 16.72 1.0 1) <br />Balance Carry-Over End of Year <br />S(1169721 *01) <br />8 (181,317.09) <br />d <br />t <br />A review of the two year period ending December 31, 2002 shows the Lady dipper as having less than the 25% <br />Maximum carryover allowed. 2001 does not show any revenue clue to the closing of the lingo hall. Staff is therefore <br />recommending renewal of the Lady dipper's Mass A Premises Pewit at the Roseville Bingo hall contingent upon the <br />approval of the required background checks. <br />