2020 Profit and Loss Statement_8079-3.pdf
PDF 44 KB Posted
- Attached to
- Eagle Creek Golf Course 3 Yr Management Contract
- Solicitation number
- 26-422DNR-LNDMG-B-50919
- Issued by
- St. Clair County, Illinois
About this file
This is a 2020 Profit and Loss Statement for Rodems Golf Management's operation of Eagle Creek Golf Course in Illinois, prepared on a cash basis for the calendar year ending December 31, 2020. The statement documents the financial performance of the golf course management operation over a 12-month period, providing a comprehensive overview of revenue streams, cost structure, and net profitability. The document serves as financial documentation supporting the Eagle Creek Golf Course 3-Year Management Contract opportunity in Illinois.
The golf course generated total income of $371,154.10 during 2020, with primary revenue sources including daily green fees ($119,149.72), golf cart rentals ($100,712.50), season passes ($29,390.00), food and beverage sales ($30,733.68), and a quarterly management fee ($76,760.00). After deducting cost of goods sold totaling $17,027.40, the operation achieved a gross profit of $354,126.70. Operating expenses totaled $286,879.10, including significant expenditures for grounds labor ($91,845.66), golf shop labor ($42,776.84), repairs and maintenance ($57,057.72), fertilizer and chemicals ($26,329.18), utilities ($14,920.08), and fuel and oil ($9,667.86). The golf course operation concluded 2020 with a net income of $67,278.60, demonstrating the financial viability and operational performance of the facility under current management.
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Text version
Jan - Dec 20
Ordinary Income/Expense Income
1001-Green Fees Daily Green Fees 119,149.72 Tournaments 1,360.00
Total 1001-Green Fees 120,509.72
1002-Cart Fee Golf Car Rental 100,712.50
Total 1002-Cart Fee 100,712.50
1003-Driving Range Driving Range Golf Shop 2,977.00
Total 1003-Driving Range 2,977.00
1004-Golf Shop Merchandise 9,755.45 1005-Season Pass
Season Pass Annual 27,890.00 Season Pass High School 1,500.00
Total 1005-Season Pass 29,390.00
1007-Food & Beverage Beer & Liq 14,240.05 Food 4,739.34 NA Beverage 11,754.29
Total 1007-Food & Beverage 30,733.68
Rental Clubs 300.00 Short/Over 15.75 Quarterly Management Fee 76,760.00
Total Income 371,154.10
Cost of Goods Sold Cost of Goods Sold
Beer & Liq COGS 4,897.96 Food COGS 1,702.07 N/A Beverages COGS 4,920.94 Merchandise COGS 5,506.43
Total Cost of Goods Sold 17,027.40
Total COGS 17,027.40
Gross Profit 354,126.70
Expense Golf Cart Lease Expense 29,988.00 Licensing 2,407.63 Supplies 5,476.10 Credit Card Processing 5,011.63 Bank Service Charges 28.05 Employee Meals 788.05 Raincheck Redeemed 582.30 Golf Shop Labor
General 12,983.20 Manager 26,753.84 Payroll Taxes 3,039.80
Total Golf Shop Labor 42,776.84
2:16 PM Rodems Golf Management (Eagle Creek) 02/05/21 Profit & Loss Cash Basis January through December 2020
Jan - Dec 20
Grounds Labor General 45,238.20 Manager 40,080.53 Payroll Taxes 6,526.93
Total Grounds Labor 91,845.66
Utilities Water 726.90 Electricity 11,014.44 Cable & Internet 963.43 Porta-Potty 1,240.00 Trash Service 332.00 Telephone Expense 643.31
Total Utilities 14,920.08
Fuel & Oil Golf Shop 1,385.31 Grounds 8,282.55
Total Fuel & Oil 9,667.86
Repairs and Maintenance Building 4,144.70 Equipment 47,685.68 Grounds 3,574.94 Irrigation 1,652.40
Total Repairs and Maintenance 57,057.72
Fertilizer & Chemical 26,329.18
Total Expense 286,879.10
Net Ordinary Income 67,247.60
Other Income/Expense Other Income
Sales Tax Discount 31.00
Total Other Income 31.00
Net Other Income 31.00
Net Income 67,278.60
2:16 PM Rodems Golf Management (Eagle Creek) 02/05/21 Profit & Loss Cash Basis January through December 2020
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