1981_0203__shoreview_packet - Laserfiche WebLink

Home

itate: January 30, 1981 To: City Council From-, Jim Andre Subject: Municipal Liquor Store Operation This is to advise the Council of the financial conditicn of the Mmicipal. r,i-quor Store for the year ending December 31, 1980, and to make reccmTend- ations concerning future operations. The City of Roseville cperates one off-sale liquor outleti, which is located in the Har Mar Mall, The Hamline and 1,exington off-sale outlets were closed in 1979 and 1980 respectively. ison of 1980 vs'1979 Perfo=ance Total gross sales for 1980 was $846,,091 which represents a $172,795 decreas-,jw, fr = 1979. The decrease is attributed to the dual affect of closing the Lexington Store in June, 1980 the Store in June, 1979, 0 Total net income in 1980 fran all stores was $81,403 representing an inc��t of $33,126 over 1979. Total net income includes revenue fran concessions, sale of equipment fran the Lexington Store,, interest on investTents and crdier a m2.scellaneous J=AUL1 1 0 & Total net incom fr(n ge��t�lon�s , is a nr)re meaningful fl-gure in that it represents the return fran the sale of liquor, beer and wine,, the p=.ncipal merchandise for sale, Net income fmn operations in 1980 -is $59,985 or a $23,632 id �zrease over 1979, 1 Specific factors affecting the total net inccme frcm cperations f igure are fescreases in insil �ance costs'($6,,000) and nwagement salaries '($4,000). However, these posve factors were = re than offset by the loss performance of the Store ($13,900). Tctal unencumbered reserves an the Liquor Fund have domcxecase substantially over the past two years because of the need for a reduced inventory and pi-ofits over the sarne period. Hamline Store This store was closed in Tune, 1979, and is relevant to this 0 report only to the extent of Wparjng 1980 total figures with 1979.0