2019 Profit and Loss Illini_8867_Redacted.pdf

This is a Profit and Loss statement submitted to the Illinois Department of Natural Resources for C.P.'s Ice Cream, Ltd., operated by lessee Edward Cavanaugh, Jr. at Illini State Park (Agreement Number 8867) for the reporting period of January 1 to December 31, 2019. The statement shows the business had total gross sales of $9,060 from food/beverage operations, with a cost of goods sold of $4,010, resulting in a gross profit of $5,050.

The operating expenses totaled $12,780, including major expenses such as insurance ($1,400), lease payments to the State of Illinois ($600), wages ($3,636), utilities ($1,865), and telephone ($435). After accounting for all expenses, the business reported a net loss of $7,730 for the year. The statement was signed and verified on January 13, 2020. This financial performance data appears to be related to a state park concession contract with the Illinois Department of Natural Resources.