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06/22/93
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06/22/93
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
06/22/1993
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<br />Anoka Ice Arena Lawful Gambling Permit Vear. end.d 2/28/93 and 2/28/94 - Site of J.R.. <br /> <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br /> <br /> Aua. 1992 . Sept. 1 992 Oct. 1 992 <br /> $ Note $ Note $ Note <br />Gross receipts 193,386.00 211,839.00 229,258.50 <br />Prizes 160,422.00 173,635.00 191,370.00 <br />Net receipts 32,964.00 38,204.00 37,888.50 <br />Cash lono (short\ (860.50) (3.213.75) (2250.75\ <br />Adjusted net receipts 32,103.50 34,990.25 35,637.75 <br />Cost of Inventory 2,409.08 3,973.07 2,978.67 <br />Salaries & P/R Costs 6,324.95 6,820.76 8,878.22 <br />Professional services 0.00 225.00 2,110.80 <br />Bank charges & misc supplies 235.08 248.39 254.97 <br />Equip. purchase/maint. 1,661.39 665.47 430.97 <br />Rent - site location 6.200.00 6,200.00 6,200.00 <br />Utilities 1 ,1 78.02 930.15 798.12 <br />Theft & liab. insurance 0.00 0.00 0.00 <br />Bonds, licenses, permits 0.00 0.00 0.00 <br />Annual investiaation fee 0.00 0.00 0.00 <br />Total Allowable Expenses 18,008.52 19,062.84 21,651.75 <br />Pulltab tax to distributor 4,975.00 3,287.77 5,314.93 <br />Combined receipts tax 2,446.50 3 8,671.47 3 11,845.35 3 <br />Mo. Wagering & annual <br />business tax paid to the IRS 483.47 529.60 573.15 <br />Net Profits 6,190.01 3,438.57 (3,747.43) <br />Calendar Year Accumulated Total 3,213.68 6,652.25 2,904.82 <br />10% of Net Profit - month 619.00 343.86 (374.74) <br />10% of Net Profit. Y.T.D. 321.37 665.22 290.48 <br />Pd to City of Ramsey - Mo. $0.00 $0.00 $0.00 <br />Pd to City of Ramsey - YTD $398.50 $398.50 $398.50 <br />Due to the City of Ramsey $0.00 $266.72 $0.00 <br /> <br />Col. A <br />Col. B <br />10 <br />11 <br />12 <br /> <br />Cash long (short) as % of Net (2.61 %) (8.41 %) (5.94%) <br />Cost of inventory as % of Gross receipts 1.25% 1.88% 1.30% <br />Memo - Net Receipts: <br />Bingo 359.50 671.50 (2,686.00) <br />Paddlewheels 0.00 800.00 <br />Tipboards 1,110.00 880.00 930.00 <br />Pulltabs 31 .494.50 35,852.50 39.644.50 <br />Total Net Receipts $32,964.00 $38,204.00 $37,888.50 <br /> <br />City of Ramsey Finance Office <br /> <br />Pa~e 2 <br /> <br />Printed 6/22193 <br />
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