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1969 Audit/Financials Liquor
5 'x "CABLE OF CONTENCS Opinion Bxhibit A Statement of Assets, Liabilities and Surplus B Operating Statement for three months ended Piarch 31, 1969 .Page 1 2 3 ,..~_......._.. C3RUY9, JO ._....._... ..._._..... w. _ HNSON ANn ASSOCIATES • CERTIFIED PUBLIC ACCpUNTANTB `r n x; Ta the Village Council Village of Monticello Wxight County, Minnesota In accordance with your request, we haze examined the statement of assets, liabilities and surplus of the Monticello Liquor Store as of March 31, 1969 and the related operating statement for the three months then ended. Our examination was made in accordance with generally accepted auditing standards and accordingly incJ:uded such tests o£ the accounting records and such other auditing procedures as we considered necessaxy in the circumstances. In our opinion, the accompanying statement of assets, liabilities and surplus and related operating statement present fairly the financial position of the Monticello Municipal Liquor Store at March 31~ 1969 and the results of its opexations for the three months then ended, in conformity with generally accepted accounting pxinciples applied on a basis consistent with that of the previous year.. •, ~, ~ ; ~ /; GRUX JOHNSON ANA ASSOCIATES April 3, 1969 Certi ied Public Accountants ..1_ GRUYS, JOHN90N ono A$$pCIATE6 • CERTIFIED PUBLIC ACCpUNTANtB 5. ~ VILLAGE OF MONTICELLO Exhibi~ A , Wri ht Count Minnesota MUNICIPAL LIQUOR STORE STATEMENT OF ASSETS, LIABILITIES ANA SURPLUS ; March 3l, 1969 ASSETS Current Assets Petty cash $ 164.25 Change fund 1,943.70 Cash in bank 29,735.35 Merchandise inventory 25 267.99 Total Current Assets $ 57,11]..29 Accumulated Fixed Assets Cost De reciation Net Parking lat $ 3,800.00 $ 3,800.00 ]3uilding and improvements 48,611.88 $ 9,205.83 39,406.05 Furniture, fixtures and equipment 27s398.34 19,382.36 8,_0.15.98 _ _ Total Fixed Assets 5~~, 9, „" .. 51,222.03 Other Assets Pxepaid insurance $ 2,971.15 Deferred employee benefits 90,52 Total Other Assets 3,061.67 TOTAL ASSETS 94 99 LIABILITIES AND SURPLUS Current Liabilities Accounts payable $ 8,860.69 Accrued payroll taxes 285.17 Accrued employee benefits 2,621.07 Accrued sales tax 731.00 Total Current Liabilities $ 12,497.93 Su, a~].us Balance .Tanuary 1, 1969 $ 95,477.09 Net income for three months ended March 31, 1969 9,419..97 _ $ 104,897.06 Lesss Transfexs Outs General Improvement Sinking 6 OOO.OQ Total Surplus 98,897.06 TOTAL LIABILITIES AND SURPLUS 1 Note: The $6,000.00 transferred to the General Improvement Sinking Fund repre- sents the final payment of pledged receipts due the consolidated Improvement Bond of 1960 for the year 1968. An additional $10,000.00 has been pledged to this fund for the year 1969. ..2 ~.. GRUYB, JOHNSON ANO ASSpC1AT~8 • G6RTIPIED PUEiLiC AGCOUNTANTS 4!~ sal• ~~~ $ Z3,~803.29 ~ 21,,4.39.81 ¢ 4~ 143.4# 16.12 ~111r~ lt~,;c342r77 8~184~3A 1~8S8r47 18.33 Qthur s~arc~~dise 324 3~, ~Q ~ ~ 2'~ ~ 171 ~6 ~~ ~2 63. .4~, Total qi°i' Saw S 3i~. ~~ ~ b ~t- Lignar ~ 2Ar316.32 ~ 9,632.42 ~ 1Q,6S3.9t3 53.31 Seam 12,227.83 5,216,.30 7,t~21.33 57.42 , 0lrbarr ar~erchxsutlse 72Q ~~ 749 ~~8 29.n3~ ~ D~-) ~~ '~ ~~" 4~ 1 ~ S l 'C , , ~~~~ ~ ~~ 1 '. • ae ats Tq'1'AL ~.,~.~~ ~ 4SrS~ $ 29+849.21 34.33 Ue+tllacat~ed ~~ is~arast~e ~ 2,279.73 Least Fra~ht 356 37 1 923 36 ? 78 ~at~ ~ 1N"'~'gaa ~ACl~1~ 1 ~ w • ~r>r ~~~d Wle~~lAl ; ~~~~?~~.~~ ~.~~,~1t •'~ paMeerr 986.43 Stage ra>c~ass bQ9.46 5tax~e au~plies ~ 138.87 1-arr aappliea 177.32 ~>~ofr~wsiorasl ~eea 4Q7,5t~ Te lepheerae 7~?.50 Fuel 147.77 Lt-e~drry 189.43 I~uarreace 827.17 ~epttiecintirre X47.72 ~epl+ayro beera-afits »~'.E.1t.A. 811.47 8mp1a~-et bateelite «^~.CrCrAr ~$~~~'~ ~trpa txa 1~-7.91? s ~~~*.i y ~~~~e~ wrwrwrwwwr ~~N1~W Total Opar~-tit~ 1ar~ae 16 6S ~ 23 99 '- ~-arcatin8 It~aAe ~ ell . 3. n hey arse Cash aa~erc arc (sha-~L) $ 23.42 Tata1 Otlto~ trowcarear 31?t7r44 42 M~"C Y3~OM~ F1a-t~e: Ssl:e Baca shasrrr met a~ Mira~caata 3i Salaa~ "Cox. .. 3 _ [3RUY8, JOFIN30N wNO q$SOCIAT~B • C~FtTIF1E1? PU6LIG AGGOUNTANTS a Vlyr,,A~ pF MiONTICF~LS,O Wri t Count M~nnesot MLt~]IC~PAL ZIQ~O~6~STORF April. 3 0, TABZE OF COPPI'~T~S Co~anents P,~ awe 1 bchibit,~, 2 A Statement of ASSets, T,3.abilities and Surplus B Operating Statemert ~ GRUYS. JOHNSQN AN^ ASSQGIATE5 • CERTIFIEp PUB41C AGCQUNTANTS To the Village Council. V1.11age of Monticello Tidright County, Minnesota In accordance v~.th your request, we have examined the statement of assets, liabilities and surplus of the Monticello Liquor Store as of April 30, 1969, and the related operating statement for the four months then ended. Our exarn~nation has made in accordance vrlth generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. Tn our opinion, the accompanying statement of assets, liabilities and Surplus and related operating statement present fairly the financial position of the Monticello Munica.pal Liquor Store at April 30, 19f~9 and the results of its opex•ations for the four months then ended, arl conformity vrith generally accepted accounting pri.nciple5 applied on a basis cons:~stent with that of the previous year. CRUX , OHNSON AND ASSOCIATE Certi ied Public Accountants May 13, 19b9 -1.- CTRUYS. JDHNSON ANO AS5oCIATES CEf7TIF1Ep PU9LIC ACCOUNTANTS VXLI,AGE OF 1~i0NTICIIaLO bthibit A ~ht County, Minns~ata Wri „., MUPIICIPAL LIQUOR STORE ST.AT~T'P OF ASSETS , LIABILT'I`IES ANA SURPLUS April 3 0, 1969 ASSETS Current Assets $ ll5.77 I Petty cash 93$.62 1. ` Change fund , 3~, I,.Ob.76 Cash in bank Merchandise inventory , ~30 026.25 $ 66,1+S7.L+3 ' Total Current Assets ~~ Accu~nalated j~ Fixed Assets Cast Aeta-reciati.on 00 3 0 Net so0.oo ~~ ii . , Parking lot Bua.lding and improvements 1~S,bl1.SS $ 9,307,09 39,30.79 Furniture, fixtures and equipment ,~„ 27.398.x. 1g,1+69.~ 2S. 1 f fI ` Total. Fixed Assets ~4 S~ 10.2.2 ~ ~5.77~.. ~ 5~-, 033.70 Other Assets ~ 2,691.55 Prepaid insurance Deferred employee benefits 0.8 2 2. Total Other Assets -- 120 2b~~ TOTAL ASSETS , X i. ~i LTABTLITII~ A~TD SURPLUS II~ Curx'ent Li.aba~lities 21G • 18 $ U+ iI Accounts arable , 101.95 j' Accr~zed payroll taxes 606.96 2 i ~ Accrued employee benefits . 8 ~~ l Accrla.ed sales tax -- ~ $ 17,699.07 Total Current L~.abilities j i Surplus Balance January 1, 1969 $ 95,77.09 Net income far four months ended Apra1 30, 1969 13.08'7.111 108, 561,.• 50 Less: Transfers out: 6,000.00 General Improvement Saxakin.g Total Surplus TOTAL LIABILITIES AND SURPLUS l02 6G__~__50 120 263.57 Note: The $6,000.00 transferred to the General Improvement Sinking Fund represents the final payment of pledged receipts due the Consolidated Improvement Bond, of 1960 for the year 1965. An additional $10,000.00 has been pledged to this fund for the year 1969. -a- GRUYS. JDH N5ON wra^ A55DGIATES • CERTIFIED PU6LIC ACCDU NTANT5 ~~ ° . ~~~ ~ ~ v ~ ~ r~ ~ W~ w ° . rn o ~ ,-a .~ ~,~~ g ~~ ~~ o ~ ~ cu O U H~ ~ ~ 4 ~ ~~~~ ~ ~;o;~ ~~~ ~ o ~ ~ ~ ~ ~' ~ U ,r Crj {/} O W ~ C'l ~O • • • • ~ -!\ ~ (•' ~p Cpl w N a~ ~ ~c-t ~ Q ~ ~] ~ OH [f] ~~ ~ ~ ~ ~ U ] C? u] ~ ~ ~ U Aa E-t ~ U O r-I • • ~! ~ ~ p C] c°~t ~ •ri A U b~ ~ ~ ~ . . ~~ 11"` m ~ o "~ c a c a va ~ 0 ~ ~~ w o t o . w . ~~ ~ N M~ ~ C!] {~' 4"1 ~° ~ ~ ~~ ~~~{~~~? ~H~l1~O ,,..~ ~~ ~ m cat m m ~ ~ tb ' ~ , m ~ ~ ~, .-. ~~r-I ~ ~ ~ ~ ~ c .t ~ ~ ;~ ~ ~° ~ Q CY1 C~2 ~D ~ a. ~O cYi ~1 ~ It-r~l ~ 4~r 1.,, i ~ ~ ~D ~ [~1 .O ~ O C7 U1 c~1 L'U ~ C'~1 O u1 (~1 C7 CT O ~ ~~~~ ~, ^Ef3 - ~ ff3 ~ Q r-1 Q O` • • • • ~ ~ U~ r~ p~ w- ^cll C. ~D ~' r~-I-1 cud ~ ~ CO ~ -: ~~~ ~ rl ~Q t(1 r--{l0~ C~2 . . . ~ r-1 ~ (O1ti ht~ CO ~ ~ ~`~` f~ M ~~~ ~ ~~.~~ r CYl Cr1 C1j ~~°~ ~ c~i ~ ~--~ o c~ ~ cat .a ~s~- Nc ~ rn - ~ `~ . .I rm~ r-t ~ ~ QC`O~ (~l~ ~ ~ r-i ~~ ~~ ~o ~~ ~ ~~~~~ (~l t~1~ u~ a1 ~~ ~ ~ ~~ ni ~~~ ~~~~ '~ c'~ ~ ~~,~ aro ~ °~~~ ~.oo ,~o~a~~~~~ocuoo u~ cat C7 ~ ~- o ,-i cat cv ~ o r-I ~~ ~n o• C? • • • • CD ~'1 C~1 O~ C~ ~ ~' ~ ~O Q C? C~ ~ C1I (~2 ~ r-i .O ~ O~ ~ ©V Cn W ~ (T ..3~ ~1 C „ ~ ~ C1~ (~I L~ Ri ~ ~ t~ a Cpl ri ~ ~ ~ ~ I a~ U r ~ ~i `fie U] G~ C? -~ U1 a; ~: ~ ~' 1 t 1 W~ ~ o] 07 op ~~~ .~ p ~ ~~~ ~~ . ~.~~ ~ ~ ~ ~~~ x ~~ -d ari o ~ ~,',~~, ~°'~,~ ~ ~~ <d t:0 hJ O O W O -I ~ ' W N c ~•rl+~+>C~1 w=~HlC7~Uaw r N AW-~C-O~~ as ¢, ~~A j,~, ~ ! ~ f~H ~ Cf~ H u1 Cv1 r~'l-I r~ ~~ b0 CV m o U ~s o~ W O p o ~ ~~•~~' ~~~`~ O~~ O ai cN0 v E-i ,~ U ` H GQ '~ m {11 as O a~ ~~ W o~ i ~, . ~~ i C c i 0 l' VILLAGE OF MONTICELLO Wri ht Count Minnesota MiINICII'AL LIQUOR STORE .tune 3D, 1969 TABLE OF CDNTENTS i~ Exhibit ~~ ~' A B Comments Statement of Assets, Liabilities and Surplus Operating, Statement Page 1 2 3 To the Village Couneil Village of Monticello Wright County, Minnesota In accordance with your request, we have examined the statement of assets, liabilities and surplus of the Monticello Liquor Store as of June 30, 1969, and the related operating statement for the six months then ended. Qur examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying statement of assets, liabilities and surplus and related operating statement present fairly the financial position of the Monticello Municipal Liquor Stare at June 30, 1969 and the results of its operations for the six months then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the previous year. 1~-~-•~ GRUYS JO SON AND ASSOCIATES Certified Public Accountants July 2, 1969 ~~ ~; ~-1- GRUV:. IpHNSON nri r. A550CIA~~ES CE~'~FI E:~.~I Pl ~~. •• -. ,.. . '.'vT:., ^..-_ VILLAGE OF MONTICELLO Wri ht Count Minnesota MUNICIPAL LIQUOit STORE STATEMENT OF ASSETS, LIABILITIES AND SURPLUS June 30, 1969 Exhibit A '~ ASSETS ii Current Assets Petty cash Change fund Cash in bank ~~ Merchandise inventory jl Total Current Assets ~' Accumulated ~ Fixed Assets Cost Depreciation Parking lot $ 3,800,00 + Building and +! improvements 48,611,88 $ 9,509.66 1 Furniture, fixtures i! i~ and equipment _ 27,486,89 19 656,20 Total Fixed Assets 79 898 77 ,~ 29 165,86 -~.-~~ .~ '' Other Assets Prepaid insurance Deferred employee benefits ~~ Total Other Assets !! TOTAL ASSETS ~ LIABILITTES AND SURPLUS ! Current Liabilities I~ Accounts payable Accrued payroll taxes "' Accrued employee benefits Accrued sales tax s. Total Current Liabilities i~ Sur 1us Balance January 1, 1969 ~~ Net income far six months ended June 30, 1969 ?~ Less Transfers Out; ~' General Improvement Sinking ,~ Tota1 Surplus f; +> Ii TOTAL LIABILITIES AND SURPLUS +~ !~ $ 147.18 1,946.31 44,734.63 _ 32,477.50 Ne t $ 3,800.00 39,102.22 7,830.69 $ 2,234.98 62.94 $ 79,305.62 50,732.91 2.297.92 $ 15,446.53 270.36 2,489.84 908.65 $ 95,477.09 231743_98 $ 119,221.07 6,000.00 1 45 $ 19,115,38 i~ 113 221.07 1 2 6 5 ,', ~ Nnte: The $6,000.00 transferred to the General Improvement Sinking Fund !~ represents the final payment of pledged receipts due the Consolidated ~I Improvement Bond of 1960 far the year 1968. An additional $10,000.00 has been pledged to this fund for the year 1969. ; I• _2_ i UYS. JOHNSbN nn. !> qg c~6C1ATE5 i]FMt1lFlc7 PL F3 t„~C ~ -. 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C 'C1 1~ 0 0 0 0 •~ (.~~ O GL H •r-~ O F ~ H O U rn ~ +~ U ,C 1-i ~+ w a1 ,~ 01 p ~ S-~ ,~ H H ctl H C7 'C ~ F u] O" N ~ ro O" 41 ,C ..-r ~ ro ro ao nn o o ~+ a •--+ a~ v ~ rn a c~, c~, cs. p. [r~ ~+ ~ U ••-+ GJ ~ cq •~-+ v +.1 ~ C aJ H cp •~ ar ++ cti 3-+ aJ C •~ G ~ E E E N . 41 ro ro ~.-a~O acwo aa 3acncnx,ca.E~w a,.aHAWwWxH ~ v~ ~ ~ a. 0 0 ;~ o ca W O ,--+ X ro cd 6~ M u O v G G .,..~ 4~ O v sr 3 0 .~ v td ro a~ cr, 41 w 0 r'^. I 1 z a Z 0 V ~, u U 1 C.> ~iGE UF' MC1NI'ICELL'J v:Rll:ll'l' CG[.'N'I'Y, ?~iINNEjOTA Ml'N C (~ 1 PAL LIQUOR STORE SeE>tember 30, 1969 TABLE OE CONTE~~'TS PAGE C:amrrenCS 1 Exhibit A Statement of Assets, Liabilities and Surplus 2 B Operating Statement 3 GRUYS. JOHNSDN AND ASSOCIATES CERTIFIECJ PU9LIC ACCOUNTANTS To the Village Council Village of Monticello Wright County, Minnesota In accordance with your request, we have examined the statement of assets, liabilities and surplus of the ~:onticello Liquor Store as of September 3O, 1969, and the related operating statement far the nine months then ended. Our examination was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. in our opinion, the accompanying statement of assets, liabilities and surplus and related operating statement present fairly the financial position of the Monticello Municipal Liquor Stare at September 30, 1969 and the results of its operations for the nine months then ended, in conformity with generally accepted accounting principles applied an a basis consistent with that of the previous year. ,~ ~ ;. GRU OHNSON AND ASSOCIATES Certi ied Public Accountants October 6, 1969 _~ GRUYS. JOHNSON .ryO ASSOCIATES • CENTIFIED PUBLIC ACCQUNTANT$ a ILLAGE ar' Mop ~ ~c:.;-.LC Exh ~ ~ i t a 'w;tIGHT COt ti"1'Y, MT's?`TECOTa r1L'.tiICIPAL LIGUOR SiURL. STATEMEF]T OF ASSETS, LIABILITIES A*:D SI?RPLIIS September 30, 1965 A`'SET~ Current Assets $ 43'F,~; Petty cash Change fund ~' ~'4~' `" Cash in bank 35' n5`'~4 Merchandise inventory 29 Z54.}~' S b6,3~5.OG Total Current Assets Fixed Assets Cost Reserve Net Parking lat S 3,?300.~~0 $ 3, 8UO.C0 Building anc: improvements 48,611.'3.4 $ 9,?13.4' 38, "8.41 Furniture, fixtures and equipment 2R. 511.93 1`i,9;7.44 8 5y4,4`i Total Fixed Assets 80 923 81 $$ ?3:~~9I 51,192.90 Other Assets $ 1, 831'73 Prepaid insurance lb 5~ ' Deferred e:~plove'e renef i is ' ' 1,~?°,1.89 Total Other Assets TOTAL ASSETS ~ 119._37.9 9 LIABILITIES AND 5[?RPLL'S Current Liabilities Accounts payable Accrued payroll taxes Accrued employee benefits Accrued sa 1es tax Total Current Liabilities Su, rplus Balance January 1, l~?69 Net income for the nine months ended 9-3(1-69 Less: Transfers out $ 30,1C'8.00 Correction of prior year income 41.24 Total. Surplus TOTAL LIABILITIES AND SliRPLUS $ 9,(127.63 370.84 2,565.90 F.23,87 $ 12,788.24 $ 95,47;.09 41,639.70 $ 137,116.79 30.525.24 106,591.55 ,S 119,379 A pledge in the amount of $10,000.00 to the C:eneral Improvement Sinking Fund has been made for the year 1969 but has not been transferred as of this date. -~- GRUY$. JOHNSON ARO ASSOCIATES S:[RT~FIE6 PUBLIC ACCOUNTANTS ~.. i ~ 41 ..~ -n .r.l .[: x, i w C7 Fa rYl ,.a c ~ r~ F c+~ .a cn C1 .n F- ~] s i U ~ v r--i :T W E~a ~~ ~ H z: :~: o ¢ c CJ :J ~-' r"1 ~' ~ l.Y V7 ~~ F~ ~ l+. ~ ~a c~ a CJ ~ ,7, .n .._a ~-+ ~ I,wo¢ F+ v r 7 u ci., H .~ ~+ 4'.. (1. F~.~ ~) W a r 1 7: r-~ p. rn r-+ C 7 ;~ Q II 7 r-J ~ I F ~ ; .._ U C U1 u p a 1.7 u) C' O v v ,~ A F-J H q Cs. J, 1 ~ G a a ~ U m cra a o ~ ~ m r~ ~n ~~~~~ fV (~ ~ N .-~ rJ •o n C? ~ N n P'1 c[> n -7 ~ c•'1 rr. rn ~ ~ W ~ ~. 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JOHNSON .+NO ASSOCIATES • CR~TlFIE6 pu6LIC ACC6UHTANTS f Ta the Village Council Village of Monticello Wright County, Minnesota In accordance with your request, we have examined the statement of assets, liabilities and surplus of the Monticello Municipal Liquor Store as of December 31, 1969, and the related operating statement for the year then ended. Our examination was made i.n accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. During the last quarter of 1969, there was some indication that the village might possibly be involved in a liquor liability lawsuit regarding the death pf an individual. At the wr3.ting of this report, we were unable to determine the status of this possible litigation. In our opinion, subject to the above comment, the accompanying statement of assets, liabilities and surplus and the related operating atatemesnt present fairly the fi.r-ancial position of the Monticello Municipal Liquor Store at December 31, 1969, and the results of its operations for the year then ended, iri conformity with generally accepted accounting principles applied an a basis consistent with that of the preceding year. GRUYS NSON D SSOCIATFS Cert i d Public Accountants January 10, 1970 _1_ [iRUYB, JOHNtfQN wr.p A65ACIATEB • CERTIFIED rUSLIC ACCOUNTANTS VIZiAGE OF MONi TCF~O Wright County, Ma.nraesota MUNICIPAL LIG~UOR STORE STATF~NL~1T OF ASSETS, LIABTLTTTES AND SUI=t1'LUS December 31, 1969 ASS E'I'S Current Assets F~chi~it A Petty cash $ 122.1.2 Change fund 1,945.00 Cash in bank 45,528.81 Merchandise inventory ~ 34,72b.~ Total Current Assets $ 85,322.5$ Fixed Assets Cost Reserve Net Parking lot $ 3,$00.00 $ 3,500.00 Building and improvement s 49,0$4,73 $ 10,140.95 38,943.75 Furniture, fixtures and ecJUipment T t Fa A 25 ,77b .33 20 tib! . 21 ~ _5_, 512. C9 ~T ' o ked al ssets 51 bb1.06 $_ ~G~405.1 ~ 7 51,255.8 Other Assets Prepaid insurance :~ 902,OC Deferred employee benefits 2 Total Other Assets ~_ ~~~2 TOTAL ASSEf:~ $ 1~7,,,~5b.17 LIARILITIEj AND SURPLUS Current Liabilities Accounts payable ;;; 1,3,1+41.09 Accrued payroll taxes 422,79 Accx~:ed em~,loyee benefits 223,x'6 Accrued sales tax J ,073.53 Total.. Current Liabilities w ;~ 15,161.67 Sur~l.us Fsa,lance January 1, 1969 $ 95,477.0° Net income far twelve months ended 12-3 1-69 ~7,i+g1.65 152,965.74 Less: `t'ransfers O<.it :~ 30,108.00 L'orrection of prior year income 1,66.24 ,,,_,_„~0 ! .2 TOTAL LTABILITI~~ AND SUId'LUS Note: A pledge in the amount of $10,000.00 to the C~neral Tmprovement Sinking Fund has been made for the year 1969 but has not been transferred as of this date. _ 122,394,;0 1 6.1 --2- GRUYS. JQ}INSON wr,p A&SOCIAT[5 CERTIFIER PUBLiC ACC6UNTANTS as •r~ W ~ `~ (h C7 (T a' rn F c~ W c n ~ r~1 ~ • O ~ ~ i ~ M Q) ~ C~ er ~ N [ p , h-I v ~ H ~ p ' P , ~ O ~ .. 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Q~ •• M ~ ~ •ri 'rl •ri •• ,,..aa ~ Ti •U r•'"1 fn ~ rn ~~ 'ci 4-i ~1 4~ ~ ~~ ~ ~ a~ ~ a~ a~ o ,~ a~ 'd U. t~ r i C) N 4) .N 'i~ r~ fd ~ fl1 ~1. N O a) •r1 N kU a) m i-> N U c' ~ vI v) ~ U w~ ria P~ fr O P. ~' •~ rn aa o o . ~ m o Vii ~ ~, cu o 0 0 •rl ~ ~ o ~l }] . Q) .i: ~ ~~ , 4-1 a) r-I Q) ;'~ S-~ r~i r~ r~ fti (ll fij GQ bD O O (w O r-I N U (I] Pa C~, Sa. LZ, R. ~}~ F~ C7 rn Q7 !n fti a~ F-~ a~ ..' .o r-i C~ r-i O~ t` Cr1 r--I O r--I ~O r1 u~ F~ 4 -! C] F~~1 7' E °+ 4) N cn ~~~ Cpl Cif n rn a~ U N ~: C .~ 0 s`~ U7 ~l CO Q) `D ~n r 7 tY u i I II ~ For VILLAGE OF MONTICELLO Wright County, Minnesota MUNICLPAL LIQUOR STORE OPERATING STATEMENT Three Months Ended December 31, 96$ Exhib idt C I ' Cast of Gross Per Cent I Sales Sales Income to Sales I Off Sale II Liquor $ 33,190.93 $ 26,190,95 $ 6,999,98 21.02 Beer 10,261.57 8,262.26 1,999.31 19.49 Other merchandise 612.42 532.91 79.51 12,95 ~ Total Off Sale $ 44,064.92 $ 34,9$6,.,12 . , $,,. ~ ,,.9t„078.80 20.61 On Sa 1e ~ Liquor $ 21,058.61 $ 9,702.17 $ 11,356.44 53.96 ~ Beer 10,900.78 4,728.17 6,172.61 56.63 Other merchandise 678.34 667,18 1.1,1.6 1.63 Total On Sale $ 32x637_.7.3 _ $ __1.5,097.52 $ 17,540.2 1 53.71 ~ Total $ 76.702.65 $ SQ,~U8~64 26,619.01 34.73 Unallocated: Purchase discounts $ 2,606.25 Less: Freight __ 26.84 2,079,41 Z.fiB Total Gross Income ._... $ 28,fi98.42 37.41 Operating Expense Wages ~ $ 11,696.18 i Light and power 405.84 Store expense 274.00 Stare supplies 34.45 Bar supplies 223.95 Professional fees 375.00 Telephone 68.1$ I Fuel 156.90 Licenses 1.8.50 Laundry 129.64 ~ Insurance 832.1.9. Depreciation 693.08 Employee benefits -P.E.R.A. 729.99 Employee benefits -F. I.C.A. 204.04 I Repairs 44.09 Total Operating Expense 15,$86.03 2.0.68 Operating Income _ $ 12,812.39 ^ 16.73 Other Income Cash over of (short) $ 33.99 Machine income 305.70 Miscellaneous 33.88 Total Other Income 373.57 .44 NET INCOME S ]3.155.96 17.17 Note: Sales are shown net of Minnesota 3% Sales Tax. _4_ GRlJVS. JOHNSON ~H^ ASSOCIATES • CERTIFIE^ PU dLIC ACCO4AN7AN7S VIT.S~•GE OF MON T 1Ct~.LO MCII~lICIPAL LICIUOR STORE SCHEDt1LE OF OTHER IP1COMti ANI~ OTHER EXPF~'~SE Year Ended 12-31-69 . Other Treome Cash (short) or over ~ 69.1-2 Pfachzne income 1,21.3.32 Pti_s cellaneous 25 - ~~~ TOTAL OTHER INCONL~ ~ 1,307.44 Other ~~tpense Miscellaneous w 42.59 Td. S. F. Checks 2C•OO TOTAL OTHEr~ EXPENSE ~,~~„ 6_ 2„;^59 Three Months FJhded 12-- 1-6~' ~ (30.34) 351.25 __25.00 .___.~5' ~...~ v 26.09 _O_ 2b.o -5- GRUYS. JOHNSON wNn ASSOCIATES 4:LRTIFIED PUBLIC ACGOUNTAN79 VTLIAGE C)F MONTICFZLO I^Jri ht Count I~nnesota MUNICIPAL L1~~tTOR STORF, TNSUIiANCE COVF.~GE becember 31, 1969 Type_of~Cgvera~e Liquor Liability Amount Mach. occurrence ~;~ 300,000.00 Owners Liability N:oney and Securities Fire and Lightnin~,r~ctended Covera~;e Vandalism and maJ.icious mischief '?0~ co-insurance Fire and Lightna.ng, Mended Coverage, Vandalism and malicious mischief 60~ co-insurance Mercantile ripen Stock I_iu.rgl_ary and robbery Workmen's Campensatton Publicr~nployees Blanket 11ond Bodily In iur ~y~.ch person 1~00,00C.0G i~,ch occurrence 300,000.00 Inside premises $,000.00 Outside premises $,000.00 Contents, including stock 22,OOC.00 Building 1F1~, +:)00.00 Stock '7,500.00 Liability 100,000.00 e'er individual ,2,OCG.00 -~- OItL1Vi. JOHN/ON awn ASSOCIATES • CERTIFIED PUBLIC ACCtlU1ATAMTS