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December 10, 2001 <br />To: Neal Beets <br />City Manager <br />From: Ed Burrell � <br />Finance Director� <br />RE: Renewal of the American Legion's Class A Premises Permit <br />The American Legion Post 542 has applied for a renewal of their Class A Premises Permit at 700 W County Road C. <br />Below is a summary of the Legion's financial operation for fiscal year ending June 2000, and June 200 1. <br />Previous Year C8rty-0Vef <br />Total Revenue <br />Less Prizes <br />Net Pl'OCCCdS <br />Disbursements <br />Taxes <br />Ltventory used <br />Compensation <br />fiCCOU[1tiDQ <br />��tryn�c�uAa��;��g <br />ut�i�t�es <br />Bond, InSUrance <br />Cash Short <br />MisC. �xpenses/Equipment <br />To�i E�ns� <br />Profit Before ]�IIW�0118 <br />ConUibuGonslFederal and City Taxes <br />Net Proflt <br />$8�8IIC2 CNij+-�VC! BC�f[lg of Year <br />Balance Carry-Over End of Year <br />2001 <br />Fiscal <br />$408.99 <br />$1,332,625.00 <br />1.073.438.72 <br />259,186.28 <br />56,529.48 <br />21,031.76 <br />108,541.72 <br />0.00 <br />22.50 <br />12,957.a5 <br />2,353.00 <br />39.00 <br />7,116.83 <br />208.591.74 <br />50,594.54 <br />48.560.20 <br />2,03434 <br />$408.99 <br />S2,44333 <br />a000 <br />Fiscal <br />$5,179.24 <br />$1,342,498.00 <br />1.082.670.35 <br />259,8Z7.65 <br />62,666.21 <br />19,7$6.41 <br />109,236.90 <br />1,750.00 <br />240.00 <br />14,263.68 <br />450.00 <br />234.00 <br />5,000.63 <br />213.627.83 <br />46,199.82 <br />50.970.07 <br />S(4,770.2� <br />5179.24 <br />s488.99 <br />COmments <br />Neither our financial review nor the Police inspections has indicated the presence of any concerns. <br />Staff is therefore recommending renewal of American Legion Post 542's Class A premises permit at <br />770 W County Rd C. <br />