2018 Comprehensive Annual Financial Report New Hampshire ...

2018 Comprehensive Annual Financial Report New Hampshire Liquor Commission

A Department of the State of New Hampshire

Colebrook

Rochester

Warner

NHLC

2018 Comprehensive Annual Financial Report

New Hampshire Liquor Commission A Department of the State of New Hampshire

COMPREHENSIVE

?

ANNUAL FINANCIAL REPORT

For the Fiscal Year Ended June 30, 2018

Prepared by:

New Hampshire Liquor Commission Joseph W. Mollica Chairman

Finance Department Christina M. Demers Chief Financial Officer

NHLC

2018 Comprehensive Annual Financial Report

STATE OF NEW HAMPSHIRE

Christopher T. Sununu

GOVERNOR

Executive Council

Joseph D. Kenney

FIRST DISTRICT

Andru Volinksy

SECOND DISTRICT

Russell E. Prescott

THIRD DISTRICT

Christopher C. Pappas

FOURTH DISTRICT

David K. Wheeler

FIFTH DISTRICT

NEW HAMPSHIRE LIQUOR COMMISSION

Chairman Joseph W. Mollica

Deputy Commissioner Michael R. Milligan

Director of Administration Daniel St. Hilaire

Director of Enforcement and Licensing Mark C. Armaganian

Director of Marketing, Merchandising and Warehousing Nicole Brassard Jordan

Chief Financial Officer Christina M. Demers

Director of Human Resources Kelly M. Mathews

NHLC

2018 Comprehensive Annual Financial Report

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NEW HAMPSHIRE LIQUOR COMMISSION (NHLC) COMPREHENSIVE ANNUAL FINANCIAL REPORT

FOR FISCAL YEAR ENDING JUNE 30, 2018

Table of Contents

Page INTRODUCTORY SECTION - (Unaudited)

Letter of Transmittal ..........................................................................................................................1 Message from Governor Christopher T. Sununu ...............................................................................2 Message from Liquor Commission Chairman ...................................................................................3 NHLC Overview................................................................................................................................4

FINANCIAL SECTION Independent Auditor's Report............................................................................................................6 Management's Discussion and Analysis (Unaudited) .......................................................................9 Financial Statements: Statement of Net Position .....................................................................................................14 Statement of Revenues, Expenses, and Changes in Net Position.........................................15 Statement of Cash Flows ......................................................................................................16 Notes to the Financial Statements ....................................................................................................17 Required Supplementary Information (Unaudited) Schedules of the Liquor Commission's Proportionate Share of the Total Other Postemployment Benefit (OPEB) Liability ................................................................35 Schedules of the Liquor Commission's Proportionate Share of Net Pension Liability and Liquor Commission Contributions ......................................................................36

STATISTICAL SECTION - (Unaudited) Statement of Net Position as of June 30, 2018 and June 30, 2017 ..................................................38 Commonsize Comparative Income Statement FY 2018 and FY 2017 ............................................39 Five Year Comparative Income Statement FY 2014-2018..............................................................41 Graphs: Revenue and Expenses FY 2014-2018 .................................................................................42 Revenue Breakdown FY 2014-2018.....................................................................................43 Beer Revenue and Gallonage FY 2014-2018 .......................................................................44 Top 15 Retail Store Locations as of June 30, 2018..........................................................................45 Sales Summary by Type FY 2018 and FY 2017 .............................................................................46 Total Sales by Location FY 2018 and FY 2017...............................................................................47 Total Sales by Type FY 2018 ..........................................................................................................49 Retail Sales by Location FY 2018 and FY 2017 .............................................................................51 On-Premise Sales by Location FY 2018 and FY 2017 ....................................................................53 Off-Premise Sales by Location FY 2018 and FY 2017 ...................................................................55 Accessories Sales by Location FY 2018 and FY 2017 ....................................................................57 Discounts by Location FY 2018 and FY 2017 ................................................................................59 Total Sales by Month FY 2018 and FY 2017 ..................................................................................61 Retail Sales by Month FY 2018 and FY 2017 .................................................................................61 On-Premise Sales by Month FY 2018 and FY 2017 .......................................................................62 Off-Premise Sales by Month FY 2018 and FY 2017.......................................................................62 Accessories Sales by Month FY 2018 and FY 2017........................................................................63 Discounts by Month FY 2018 and FY 2017 ....................................................................................63

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