The Iowa Alcoholic Beverages Division generates significant revenue for the state and local authorities from the licensing, regulation, taxation and wholesaling of alcohol. On May 20, 2005, the Division eclipsed a grand total of $1 billion in revenue transferred to state coffers. Last fiscal year, FY 2013, the Division generated and transferred $119,515,636 million, making for a grand total of $1,814,985,000 transferred since 1988.
The graph below depicts the amount of funds transferred by the Iowa Alcoholic Beverages Division since state liquor stores were closed on July 1, 1987, through the end of fiscal year 2013.
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Total Funds Transferred since FY 1988
*FY 1991 - Liquor payables increased from 60 to 90 days with the excess funds being transferred to the General Fund.
**FY 1992 - Liquor payables were maintained at 90 days, resulting in an additional month of liquor payments in FY 1992 than in FY 1993. At the same time, funding for the Division converted from the Liquor Trust Fund to General Fund Appropriations, increasing transfers thereafter.
***FY 1993 - General Fund transfers were reduced in order to bring Equity to a positive balance.