1977 Financial StatementsCITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
MUNICIPAL LIQUOR STORE
FINANCIAL STATEMEN'PS
JUNE 30, 1977
.]
Monticello Municipal Liquor Store
Balance Sheet
June 30, 1977
ASSETS
CURRELVT ASSETS
Cash - Operating Fund
Cash - Sinking Fund
Change Fund
Petty Cash
Investments - Sinking
Investments - Operating
Inventory
Prepaid Insurance
Bond Discount
Rebates Receivable
Contract for Deed Receivable
TOTAL CURRENT ASSETS
~ 25,66$
(11,$6$)
500
100
42304
11$,197
65,597
3,$10
3,31$
1,69$
$6,400
FIXED ASSETS
Building Improvements
Furniture & Fixtures
Parking Lot Improvements
Land Costs
TOTAL FIXED ASSETS
• TOTAL ASSETS
Cost Accum.Depr. Net
X14$, 254 ~ 4,191 $11,1,.,063
39,151 5,$71 33,2$0
6,436 4$3 5,953
~7_ 5.1$7
199, 02$ __~ 10, 545
LIABILITIES & EQUITY
CURRIIVT LIABILITIES
Accounts Payable ~ 2$2$9
Salaries Payable 200
Payroll Taxes Payable 1,25$
Bond Interest Payable 5,055
Sales Tax Payable
TOTAZ CURREI~TT LIABILITIES
LONG TERM LIABILITIES
Bonds Payable
TOTAL LIABILITIES
UITY
Balance 1/1/77 $2$$, 665
Net Income thru 6/30/77 `$
TOTAL EQUITY
TOTAL EQUITY & LIABILITIES
$ 36,524
$1$~ 000
X335,724
$1$~~
$ 24 20
$221- ~ 524
$032„6$3
~ 24 207
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HIWAY LIQUORS
NEW LOC ATION vs OLD LOCATTON
FIRST YEAR OF OPERATIONS
1.975-76 1976-77 ~ ~ of
Increase Total.
May 10-31 ~, 21,749 $ 29,877 37.4 6.63
,Tune 28,546 39,834 39.5 8.84
Ju1S• 33,533 48,331 44.1 10.73
August 32,404 39,899 23.1 8. 8b
September 23,b04 36,391 52.9 8.08
October 2;,937 35,015 46.3 7.78
Ir'o~-ember 24,337 33,627 38.2 7.47
DE:cember 34, 170 53, 170 55.6 11.81
January 21, 380 27, $b4 28.9 b. 1 2
Februarti- 18, 1 29 2ti, 91 8 40.7 5.98
March 21,1 52 31, 4S2 48.7 b, 98
April 25,1.32 38,450 53.0 8.54
:~iav 1 _u 8, 233 9, 808 1 q, i 2.18
~$317,So6 X450,336 41.7
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