1967 Audit Report Liquor"VILLAGE OF MONTICELLO
L UOR FUND
MONTICELLO MINNESOTA
REPORT ON EXAMINATION
FOR THE PERIODS
~TANUARY ~. , 19 F ~ TO AUGiIS T 31, 1~
AND
A,PRTL 1. 1966 TO .AUGUST, 31, 1965
AGGOUNTANTr5
Al1DITORI6
FEDERAL AND STATE TAXES
BERNARD W• MAY & Ca.
FINANCIAL. REF'b~~T~
MIPINEAPOLIia e. MrNNEBOTA
1~
M
September' 16, 1966
To the Honorable Mayoe Council
Members of the Villag
Mantice110, MinneSOta
SYSTEMS iNVESTitiAT1ONS
Gentlemen:
We have examined the finbLn,cial records of the Liquor Fund of the
Village of Monticello, Minnesota as of August 3l, 1966.
The examination
was made in accordance with generally accepted auditing standards and
accordingly included such tests of the accounting retards and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the accompanying Balance Sheet and related statement
of income and Expense present fairly the financial position of the Liquor
Fund of the Village of Monticello an August 31, 1966, and the results of
its operations for the periods January 1, 1966 to August 31, 1966 and
April 1, 1966 to August 31, 1966 in conformity with generally accepted
gaverrunental accounting principles applied on a basis consistent with
that of the preceding period,
$eSpectfully submitted,
BERNARD W. MAY AND OMPANY
~ ~
OVR RlIOR'f/ AND ClRTI~IN TN[lR ICNTIR!'fY~ OR iH QYI.OFiT tl! DC[iDRRD Td PVtlL1•H ANTHRE RIl NCG Tp [Y
MVtlT r[ RICFRDDUG[D
OR lXTRACT4 rROM TH[Mr THAT /SUCH yHALL tl! lUPMITTlD ROR dVH APrRDVAM.
sTATEr~ENT "A-'
.»
VILLAGE OF MONTICEL
LIQUOR FUND
BALANCE SHEET
AUGUST 31 19
AS.~. SETS
CURRENT A5SETS
Cash on Hand
Cash in Bank
Merchandise Inventory
TOTAL CURRENT ASSETS
FIXED ASSETS
parking Lat
Furniture and FixturesreCiatian
Leas: Reserve for Dep
Building ImpxovemenCs reciation
Less: Reserve for Dep
Building Improvements - 1961
Less: Reserve for Depreciation
Sink and Cocktail Unitreciatian
Leas: Reserve fox Dep
Illuminated Sign reciation
Less: Reserve for Dep
Cash Register reciation
L-~+. RTOTALeNET FIXED ASSETS
DEFERRED CHARGES
Prepaid Insurance
TOTAL DEFERRED CHARGES
TOTAL SSETS
LIABILITIES SURPLUS
URRENT LIABILITIES
Accounts Payable
Due Employees
p.E.R.A. Deductions
Federal Withholding Tex Deductions
State WitOTALdCURRENT LIABZ~•ITTES
SURPLUS y 1966
Balance Januar 1,
Add: Net Income fox Period
TOTAI'
Leas: Ticansfer to General Fund
TOTAL SURPLUS
TOTAL LIABILITIES AND SURPLUS
$ 502.59
29,616,01
12 56 4
$ 42,685.24
$ 3,800.00
$ 17,291.12
1 0 2 94
228.18
$ 14,741.83
6.0 2.29 g~669.54
$ 7, 545.88
910 3 6,635.25
$ 435.00
246,76 188.24
$ 1,118.00
~, 5 8~ 530,93
$ 500,00
$3.~ l . 67
20, 468.81
$ 311 16 311 16
6$ 31
$ 96.53
11.24
90.63
217.80
50.80
$ 467.00
$ 50,585.57
16.41.2.. 64
$ 66,998.21
40000
62.998.21
$ 63 465_.21
~~~
sxATEMENT "B"
-~
SALES
Liquor On Sale
Liquor Off Sale
Beer On Sale
Beer Off Sale
Lounge Liquor On Sale
Lounge Beer On Sale
TOTAL SALES
COST OF SALES
Beginning Inventory
Add: Purchases & Fgt.
TOTAL
Leas: Ending Inventory
TOTAL COST OF S S
GROSS PROFIT ON SALES
OPERATING EXPENSES
VILLAGE OF MONTICELLO
LIQUO~ F~t7ND
STATEME T F INCOME AND EXPENSE
FOR THE PERIOD % TO FOR THE PERIOD % To
1 1 6 T 1 ,S~LE~S 1 TO 8 3 6 S .ES
$ 14,792.29
37,90S.fiS
7, 082.14
17,932.34
8,249.31
3 80 .7
$ 89,766.51 100.00
$ 14,653.74
_5887
$ 73,491.44
l2 6 .
Wages $ 10,723.50
Fuel 288.15
Light and Fawer 589.37
Store Expense 690.56
Stare Supplies 31.00
Professional Fees 6$0.00
Bar Supplies 101.58
Telephone $6.03
Repairs 112.69
Insurance 851.86
Advertising 52.85
Laundry 239'33
Licenses and Dues -_~
TOTAL OPERATING EXPENSES
NET PROFIT FROM OPER TIONS
_
~ COt~
OTHE
_
Purchase Discounts $ 2,436.45
Telephone Commissions 95.04
Phonograph Camrni.asion 45.60
Cash Over _ 23.E
NET INCOME BEFORE DEPRECIATION
Depreciation Expense
NET INC FOR PERIOD
_60.924.80 _67~,~_,,,$7
$ 28, 841.71 32.13
14, 5_1_~ 9?
~$ 14, 325.79 15.96
$ 9,521.23
25,514.90
4, 787.69
13,756.36
5, 480.85
2~,, S6~„^3
$ lk, 408.16
40 22 00
$ 54, 637.16
12,566 6
> 6,840.00
74.25
364.36
486.05
0 W
425.00
86.72
6 2.01
88.59
528.63
24.05
147.70
6 0~
$ 1,470.02
0
23.60
3 5
2 003 _zs~
$ 16, 926.18 18.85
1 54 .,.~
1 12 6
$ 61,624.52 100.00
070„x_2
$ 19,554.00 31.73
9 196 36 192
$ 10,357.64 16.81
1 24 17 2.47
$ 11,881.81 19.28
320 96 52
S 11,560.8 18 6
VI E OF MONTICE~•
LI UOR P N1)
MU TCE MINNESOTA
REPORT ON EXAMINATION
FOR THE PERIOD
ANUARY 1 1 6 to MARCH 1 1 66
AGG;C,UHYAN'rg
A~at torts
~rnnKE.t.. Ar+o :iYATE rAxrr
BERNARD VV . MAY & Ca-
FINANGIAL REPORT>~+
MIMH~A~41f d• MtNNtrOTA
Stsr!~M~
April l5, 1966
To the Honorable Mayor and
~yennbe r s o f the Village Counc i 1
Monticello, Minnesota
gentlemen: uor Fund of the
We have examined the financial records of the Liq examination Was
1966. The
Village of ~,nticella, Minnesota as of March 31"
enexally accepted auditing standards and accordingly
with g
made in accordance
sts ox the accounting records and such other auditing pr -
included such to
cedures as we considered necessary in the circumstances.
the accompanying balance sheet and related atate-
ln aux opinion,
Ex ense present fairly the financial position of the
meat of Inge and P rch 3l, 1966, and the results
Liquor Fund of the Village of Monticello an ~ in con-
rch 31, 1966,
1966 to t"~
exations far the period January 1, lied
of its op rinciples app
with generally accepted gpyer~ental accounting p
farmity stied.
on a basis consistent with that of the preceding P
Respectfully submitted,
gERNARA W. t4~-Y ANn ~,pMpANY
~~ ,~ ~.~ n
,2..r~-t-~.. ~ ~
[tt-tNt Y-tfr
oafw,~a,rra AMO ptw'rtrtcAYrf Alt[ tsauf*- MI1Yt+ YHC u„p~rYAwott.a TRAY. tr ~uAl.trMre•
ow ~HOU4a tY rr nsit~ *u wr4eatt At1Y AtrenrMCf rte
MtlRY rr ~ 7MRt1{ tXMY11~'rY' f4fMtYrtP row OVA AKN~At••
OR r><Y1lACY'r r'ItOM 7MRM. TNAY ft1CN fHAW ~
S L ~ ~ It tl
VILLAGE F MOl~1'r~ CELL,
'°~ LIB U~ p~ UN~A
EALA~ SET
~ 31 1966
SS
..,,onu.~rr ASSETS
Cash arcx Nand
Cash in Bank
Merchandise ITAL CU~R~NT A55STS
FLX'gD STS
Parking Eat
Furniture and Fixturesreciativn
Reserve for Dep
~ildin8 ~ro,v,~,ents
aesexva for' Depreciation
B~~ding Lnprovements - 19b1
Reserve for Depr~Ciation
S~k•and Cocktail Unit
Reserve for Depreciation
I~~itiuted Sign reciation
~; ~sexve for ~p
Cash Register Yeciation
~e ; ~teserve for I?ep
TOT NET FIXED t SSE
D ES
prepaid Ins~~ CeDEFE B.ED GE5
..
TAI, ASSETS
LI LIT E5 AND SURPLUS
NT L ILI'TIES
A,c,counts Payable
~,e Employees
P.B.R.A. Deductions
I~adaral Withholding Tax Deductions
State Withholding Tax Deducti~LITIE5
'TOT cuRRENT LI
5U pLUS 19bb
Ealance ,]anuary lfor Period
A~; filet Income
T anal Fund
gs ~ ~an~TAI,, SURPLUS
TOTAL LIAEIL TYR5 SURPLUS
$ 499.56
15,538.84
1 81
~ 3p,446.5b
~ 3,800'00
$ 17.~'~1•L2 231.45
__.. cw
$ 14,741.83
~-1~.3 8,823.09
~
$ 7, 54.83 b, 713.85
$ 43S.0b 206.37
22
$ 1,118.00 577.51
0.49
~ Spq.00 ,
2. 0 20, 789.77
~,~~~ ~~, 3~,
~. ~ ~
~ 54.09
22.54
144.63
183.20
5 9 ~ 462.3b
$ 50,585.57
4 l 79
$ 55.437.36
400 1 3.3
1 99.72
SYATE~ N~
VILLAGE OF MONTICLLLO
LIQUgR FUND
STATEMENT OF INCOME AND EXPENSE
FOR T1IE PERIOD J ARY 1 l9 6 TO MARCH 1 19
x xo seas
$.~.S
$ 5,271.06
Liquor On Sale 12,390.75
Liquor Off Sale 2,294.45
Beer On Sale k,175.98
Baer Off Sale 768.46
2
Lounge - Liquor On Sale ,
1.241._.
Lounge - Beer On Sale $ 28,141.99 100.00
~~ES
COST OF SALES $ 14,653.74
Baginning lmrentarY
~: Purchases snd Friight 18 08.
262«44
$ 33,
~ 14 4
ng Invantary
wee: ~8.$~4.28 67.QQ___._
TOTAL C05T F S S _
$ 9,287.71 33.00
S PROF T N S S
PB ING EXPENSES $ 3,883.50
Wsges 213.90
Fuel 225.01 ~
Light and Power 204.51
Stare Expense 31.00
Store Supplies 255.00
Prafassional Fees 14.86
Bar Supplies 24.02
Telaphone 24«10
Repairs _ 323.23
Insurance 28« ~
Advertising 9l
Laundry
TAL OPL~RATING EXPENSES 5.319~~~ l
~ 3,968.15 14.10
NET PROFIT FROM OPERATIONS
,QTHlGR INC $ 966.43
Purchase Discounts 95«04
Telephone Cammisaian 2 «0 ~g~~47 3.84.. -_
Phonograph ComKuiseion $ 5,051.62 17.94
TOTAL
,~ R DEDUCT NS 7 25 2
Cash Short $ 5,044.37 17.92
NET INCOME BEFORE DEP CI TION 19 •5~ w, .~~
Depreciation Expense
~~~ 17.24
NAT Nc FOR PERIOD
VILLAGE O1:' MONTICELLO
LIQUOR FUND
MONTICELLO MINNE50TA
REPORT ON EXAMINATION
FOR THE PERIODS
,7ANUARY 1 1966 TO NOVEMBER 30 1966
AND
SEPTEMBER 1 1966 TO NOVEMBER 30 1.966
FEDERAL ANO BTATE TAXLB $Y$TEMS INVEBTICiAT10N8
ACGOUNTANTB AUOITORB
BERNARD W. MAY & C4.
PIIVANGfAL REPORTS
MINNEA.POL~B 8. MINN6SOTp
December 19, 1966
To the Honorable Mayor and
Members of the Village Council
Monticello, Minnesota
Gentlemen:
We have examined the financial records of the Liquor Fund of the
Village of Monticello, Minnesota as of November 30, 1966. The examinatian
was made in accordance with generally accepted auditing standards and
accordingly included such tests of the accounting records and such ather
auditing procedures as we considered necessary in the circumstances.
In our opinion, the accompanying Balance Sheet and related sCatement
of Income and Expense present fairly the financial position of the Liquor
Fund of the Village o£ Manticello on November 30, 1966, and the results of
its operation 'for the periods January 1, 1966 to November 30, 1966, and
September 1, 1966 to November 30, 1966, in conformity with generally accepted
governmental accounting principles applied on a basis consistent with that
of the preceding period.
Respectfully submitted,
,/,I
$ HARD W. MAY AND MPANY
,~`~ ~'
OUR R[fORT6 AND C1CRTIA•ICAT[i ARR Is6VRP WIYI'. tWR lIHD6RllTAN DING THAT. If pURL13WC0. CITHIGR TWIN
MVBT Bt RRPRgDUGRD iN THfiiR RNTIRt1'Y, OR IiNOU1.0 IT KC DKwIRKKf TO pUBI.IiH AWT RHFHR&NFE Tq
OR C7RRACTi IROM TIIRM~ TRAY EVEM tHALI.. BIE •UiMITTIId FOR OUrt K-•ROVAR..
STATEMENT "B''
` VILLAGE OF MONTICELLO
~ LIQUOR FUND
STATEMENT OF INCOME AND EXPENSE
FOR THE PERIOD % TO 1"OR THE PERIOD % TO
1 1 66 TO 11 30 66 SALES 9 1 66 TO 11 30 66 SALES
SALES
Liquar On Sale $ 21,191.70
Liquor Off Sale 54,2$4.61
Beer On Sale 9,672,30
Beer Off Sale 23,859,42
Lounge Liquor Sales 11,437.53
Lounge Beer Sales 5 053.62
TOTAL SALES
COST OF SALES
Beginning Inventory $ 14,653.74
Add: Purchase & Fgt,a,_ _82, 805.68
TOTAL $ 97, 459.42
Less: Ending Inv. . 12,96,7.94
TOTAL COST OF SALES ,
GROSS PROFIT ON SALES
OPERATING EXPENSES
Wages $ 14,989.41
Fuel 393.90
Light and Power 952.31
Store Expense 960.70
Store Supplies 31.00
Professional Fees 935.00
Bar Supplies 113.46
Telephone 137.53
Repairs 246.94
Insurance 1,083.13
Advertising 52,$5
Laundry 323.99
Licenses & Dues 69.00
Village Share PERA 856,67
TOTAL OPERATING EXPENSES
NET PROFIT FROM OPk;RATIONS
OTHER INCOME
Purchase Discounts $ 3,534.56
Tele, Commission 95.04
Phonograph Commission 45.60
Cash Over 25.60
NET INCOME BEFORE DEPRECIATION
Depreciation Expense
NET INCOME FOR PERIOD
$125,499.18 100,00
_84~„491.48 67.32
$ 41, 007.70 32.68
21 145« 89 16.85
$ 19, 861.81 15.83
$ 35, 732.67 100.00
23_, 566.68 65.95
$ 12,~1~55, 99 34.05
6,629.97 18.56
$ 5,536.02 15.49
$ 1, 098.11
_ 0
0 -
3, 7,0080 2.95 2, 30 _ __1_,.100.41 3.08
$ 23,562.61 1$.78 $ 6,636.43 18.57
706.13 .56 192.59 .54
22 856,48 1$.22
$ 6,399.41
16, 37$.96
2, 590.16
5, 927.08
3,188.22
I 248.84
$ 12, 566.64
23,,9(79$
$ 36, 534.62
12 967.94
$ 4, 265.91
105.75
362.94
270.14
0 _
255.00
11. $$
51.50
134.25
231.27
- 0
84.66
0 -
856.67
6 443.84 18.03
P
VILLAGE OF MONTICELLD
Lzc~uDR FUND
MONTICELLO, MINNESDTA
REPORT ON EXAMINATION
FDR THE PERIDU
y r.
.]ANUARY 1,,196 7 t n AUGUST 31, 196 7
ACCOUNTANTS AU QITORS FEOEpAL AN[) STATE TAXES SYSTEMS Irvvtnl~~iw~~aan5
.. •
~ ,,
f
BERNARD W. MAY & CO.
FINANCIAL REPORTS
MIN NEAPO LIS B, MINNESOTA
To the Honorable Mayor and
Members of the Village Council
Monticello, Minnesota. 55362
Gentlemen:
September 25, 19b7
We have examined the financial records of the Liquor fund of the Village
of Monticello, Minnesota as of August 31, 1967. The examination was made in
accordance with generally accepted auditing standards and accordingly included
such tests of the accounting reaords and such other auditing procedures as we
considered necessary in the circumstances.
In our opinion, the accompanying Balance Sheet and related Statement of
Income and Expense present fairly the fi.naricial positign of the Liquor fund of
the Village of Monticello an August 31, 1967, and the results of its operations
for the period January i, 1967 ko August 31, 1.967, in cpnformity with generally
accepted governmental. accounting principles applied nn a basis consistent with
that of the preceding period.
GENf.RAL CCklMEN'T5
In examining the verified accounts we noted they were not. in numerical
order. The verified accounts should be filed i.n numerical order and kept in
the City Clerk's office.
We noted on the cash register tapes for each day that the no sale key was
used to open the cash register drawer an excessive number of times.
The payment made to State Treasurer for March 1467 P,E,R..A, was over paid
OU11 kt-ORT/ AMP Cg11TIFIC AYR• AR[ IflV[P WITH TH[ VNP[R/TAN PING Th1A T, 1^ PU/LIiNED, ~ITM [A TH[Y
M V/T /[ R/lkOPYCLP ~N TMtIR ENT/KTY. Q/ /NQULP ~T ^L Pdlll[P TO FY/LIbM ANY REFERENCE TO
OK lXYRACT! FNOM 7M[M. THAT fUCH fNALI /! •U•MI-YCD FOp OUR •FFIIDVAL.
in the amount of $11.25 an verified account Number 5616. We recaamend that the
Clerk check this sa that correction can be filed with the Public Employees
Retirement Association.
Respectfully submitted,
BERNARD W. MAX AND CO~SPANY
'' /~f.
;.- ::~?
Bernard W. Mays--
r
Y
. , ' -' . r
VILLAGE OF MONTICELLO
LIQUOR FUND
BALANCE SHEET
AUGUST 31 .1967
ASSETS
Ct1RRENT ASSETS
-~ Cash on Hand $ 1 , 54$.49
Cash in Hank 29,344.08
Merchandise Inventory 14 700.72
TOTAL CURRENT ASSETS $ 45,593.29
FIXED ASSETS
Parking Lot $ 3,800.00
Furniture and Fixture $ 17,291.12
Less: Reserve For Depreciation l7 070.78 220.34
Building Improvement $ 14,741.83
Less: Reserve For Depreciation 6,440.96 8,300.87
Building Improvement - 1961 $ 7,545.88
Less: Reserve For Depreciation 1,099,^34 6,446.54
Sink and Cocktail Units $ 435.00
Less: Reserve For Depreciation 290.27 144.73
Illuminated Sign $ l,ll$.00
Less: Reserve For Depreciation 69$.91 419.09
Cash Register $ 500.00
Less: Reserve For Depreciation 133.35 366.65
Ice Cuber 1,349.00
Bottle Cooler 725,00
? TOTAL NET FIXED ASSETS 21,772.22
DEFERRED CHARGES
Prepaid Insurance 743.83
TOTAL ASSETS - $ 68,109.34
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts Payable $ 1,312,27
Due Employees 11.14
P,E.R.A, Deductions 116.14
Federal Withholding Tax Deduction 1$2.10
State Withholding Tax Deduction 54.40
State Sales Tax 537,31
TOTAL CURRENT LIABILITIES $ 2,213.76
SURPLUS
Balance January 1, 1967 $ 66,489.97
Add: Prior Years Check Vnidp:~ 5.00
Ad'usted Balance .lanuar l 1967 $ 66,494.97
Add: Net Income For Period 21,400.61
TOTAL $ $7,895.58
Less: Transfer - Out to
General Fund $ 15,000.00
Street Fund 7, 000.00 22,000.00
TOTAL SURPLUS 65,895.5$
TOTAL LIABILITIES AND SURPLUS ~ fi8,109.34~
r
' STATEMENT "B "
VILLAGE OF MUNTICELLD
LIQ„UUR Fl1ND
FDR THE PERTODNUARY lNCOME7ATa AUGU5TE31 1967
-,
SALES
Liyuor On Sale
Liyuor Off Sale
Beer Un Sale
Beer Off Sale
Lounge-Liquor Sale
Lounge-Beer Sale
TOTAL
Less : Sales Tax
TOTAL NET SALES
COST OF SALES
Beginning Inventory
Add: Purchases and Freight
TOTAL
Less: Ending Inventory
~~ TOTAL C05T OP SALES
_ GROSS PROFIT ON SALES
OPERATING EXPENSES
' Wages
Light and Pawer
Store Expense and Supplies
Professional Fees
Telephone
Laundry
Fuel
Advertising
Repairs
Bar Supplies
Glassware
Licenses
Dues
Insurance
TOTAL OPERATING EXPENSE
NET PROFIT FROM OPERATIONS
OTHER INCOME
Purchase Discounts
~ Commission Income
Cash Over
Unaccounted For Deposit
M NET INCOME BEFORE DEPRECIATION
Depreciation Expense
NET INCOME FOR PERIOD
TD
SALES,
$ 18, 996.92
40, 793.89
lz,z99.s7
z1, 683. 69
10, L13. 77
6 093.59
$109, 981.43
537.31
$109, -+44. l 2 100.00%
$ 14,560.05
73 324.43
$ 87, $84.48
14 700. 72
73 183.76 66.87
$ 36,260.36 33.13
$ 13,343.70
710, 53
917.13
685.00
104. 76
563.09
29z.84
46.80
56.30
55.57
12.98
54.00
15.00
819.37
17 677.07 16.15
$ 18, 5 $3.29 l 6.98
$ 3,084.34
159.10
77.69
10.00 3 331.13 3.04
$ 21,914.42 20.02
513.81 . 47
21 400.61 19.55
r
VILLAGE CF MUN`IICELLO
I,1C UOR E'L'Nt~
MONTICELLU, MINNESOTA
REPORT ON EXAMINATION
FOR TILE YERIUD
.TANUARY 1,__19fi7_.TG DECEMBER 31, 19Ei7
AND
SEPTEMBER_ 1, 196710 DECEM}ic:R 31~19h7
7'
s
At::;pUNTANTE AUD170FI5 FEDF.RAI AND $YA7F TAXES SY5T4 M$
BERNARD W. MAY & CC).
FINANCIAL. REPORTS
MINNf APpl.I ~,H MINNP'5(?1'A
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STATEMENT ~~A"
Pale 1
VILLAGE OF MONTICELLO
LIC UOR FUND
BALANCE SHEET
bECEMBER 31 1967
ASSETS
CURRENT ASSETS
Cash on nand $ 1,552,56
Cash in Bank 42,899.SD
Due from Vendor - Ed Phillips '"f 13. UU
Merchandise Inventory 13,742.2.3
TOTAL CURRENT ASSETS $ 58,207.29
FIXED ASSETS
Parking Lot $ 3, $00.00
Furniture and Fixtures $ 17,291.12
Less: Reserve for Depreciation 1.7,073.39 217.79
Building Improvements $ 14,741.83
Less: Reserve for Depreciation _ 6,563.69 $,178.14
Building Improvements - 1961 $ 7,545. $$
Less: Reserve for Depreciation 1,162.16 6,383.72
Sink and Cocktail Unit $ 435.00
Less: Reserve for Depreciation 304.76 130.24
Illuminated Sign $ 1,118,00
Less: Keserve f.or Depreciation 736.14 381.$6
Cash Kegister $ 500.00
Less: Reserve £or Depreciation 150.00 350.00
.Ice Cuber $ 1,349.OU
Less: Reserve for Depreciation ~- 44.96 1,304.04
Bottle Cooler $ 725.00
Less: Reserve for Depreciation 24.16 700.84
Television 495.00
Hot Drink Water Heater 55.00
TOTAL NET FxXED ASSETS 21,996.57
DEFERRED CHARGES
Prepaid Insurance ~ 596.13
TOTAL AS5ET5 $ 80,799.99
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Due Employees $ 10.84
P.E.R,A. Deductions 137.46
Federal Withholding Tax 224.50
State Withholding Tax 155.90
Accrued State Sales Tax 41Q,9S
r ~
TOTAL CURRENT LIABILITIES $ 939.65
TOTALS CARRIER FORWARA TO
STATEMENT "A" - Pane 2 $ 939.65
STATEMENT "A''
a .e 2
"TOTAL BROl7GfiT FORWARD FROM
--- STATFMFN'i"A"~Pa~e 1
LIAB~L1'CIES AiVD SURPLUS - C,ontlnuecl
SURPLUS
Balance January 1, 1967
Add: Prior Year Check Voided
ADJUSTED BALANCE JANUARY 1 1967
Acid ; Ne k Income for Per. i oci
DOTAL
Less : Transfer-Out tc~
Cener~xl Fund
Street Fund
TOTAL SURPLUS
TOTAL LIABILI,'CIES AND SURPLUS
$ 66,4$9.97
S. QU
$ 15,U00.UU
$,OOO.UO
$ 66,494.97
36, 365.37
$102, $6U. 34
$ 939.65
79-~ 86U. 34
$ 80799.99
STA'C'EMENT '~A"
VILLAGE OF h1CiNTICEL1aU
LTc UORµFIJND
STATEMENT DF INCOME ~,ND F.XI'ENSE
•
FOR '1'}iE Y)R1OD `% `I'0 1:OR THE PERIOD % "1'U
1 I 67 TU i2 31'67 SAL1/S_ ~~1 67 TU 12 31'6i SALES
SALES
~~
~Liquor on Sa lc: $ 32, 0$5.86 $ 1.3, ()88. 94
I.i.cluur c~tf 5a le 67, 4Z'l., 91 ;'b,'-,19. ()2
Beer c+n Sale 19, 74~'+, 1'i 7,44G. t;D
t?~~.et° c,ff Sai.e 32, ~} 58, i2 1O, ii'S. C=i
1.,:;i_;i;i>,e - La.r{uc>r Sale: 1 7, 2'i8. ~ 8 7. 14~,. `~1
I.;n~.~7,;e Beer Saie _ 12~ 31G. i.n _ 6_, Zlh. `> i
C'U"I'A1.,
~ 51.81., 380. IO $ 71., 3yti. c, ;'
i.es~; :
5a1es Tax ___1~35F,.~3E; .1,_819.05
~
'TOTAL Nl".'1' SALES
._.__.__.~..,. $17y, (? ~:}, l~~ ] 00. O( $ fig, `579. fit 100. (70
CUS";' OF 5AI,1;S
~
Y
~~iei~l.i1I11[7S?
I1lVC'-nf C7r\~ $ :14, `: !'>0. U5 $ 1.4, 70E}, Z
Acid : Pur~:llase:~ and Frt. 11. X29. 99 ~+- 3,_9Q.`'~ ?6
TOTS?L $131 , 790. 04=~ $ 'i8, 6DEi. 28
L~:ss : )wndin}: Inventory . ?3
13, 742 13, "14223
_~___
T _TOT:~;~ CG5'i' OF SALES _ i 1. Fs U47. 81 f;5. 94 44, 86405 64.4t?
GROSS PROFIT ON SALES $ fi0, 97'.;.9"3 34. Oh $ 2~,, 715.57 35.'32
OYERATINC,~ k.XF'EN5ES
_~ Wanes ~ $ 22, 4713. E;5 $ 9, 1.3~+. c~5
I~i„h t. and Power 991.98 281.45
S(.c~re Ext,ense l , 212. 16 295. ()3
Profess Tonal Fees 1 , 04.`,i. OG 3hU. 00
'1'e. Iepl7nne 158. 8D 54.04
Laundry 635. 1(') 72.1)]
Fuel, 452.67 159. 8-~
Advertising 87.15 40.35
Repairs 4.24.05 367.75
Bar Supplies 7h. 39 Z0. 82
G 1 as aware 1.2. 98 -1-)-
I.ir.enses 72. 5D 18.50
Dues 15.00 -0-
Insurance 1, 295. U7 475.70
Electro Watchman 3D. 00
~ _ _3D.D0
~~
~TAL OPERATING EXPENSES 28,9$7.50 16. i9 11,31D.43 1:6.25
NET PROFIT DRUM OPERA'.CIUNS $ 31, 988.43 17.87 $ 13, 405.14 19.27
OTHER INCOME
Purchase Discounts $ 4, 938. 6D $ 1,854.26
Commission Income 159.10 -D-
Cash CTver 108.70 31..01
Unaccounted fox Deposit IO.UO _5,,21.6.40 2.91. -D- 1,885.27 Z, 71
NET INCOME BEFORE DEPREGTATION $ 37,204.83 Z0. 78 $ 15,290.41 21.98
Depreciation Expense ~„__ 839.46 .47 325,65 .47
NET INCOME FUR PERIOD $ 3h~ 2D. 31 $ 14,964.76 Z1~..5.1~y
t