2020 Profit and Loss Statement_Redacted~5.pdf
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- Attached to
- DNR Lincoln Trail Concession
- Solicitation number
- 26-422DNR-REALT-B-48702
- Issued by
- Clinton County, Illinois
About this file
This document is a 2020 Profit & Loss Statement for LincolnTrail Family Restaurant, covering the entire calendar year from January through December 2020. The financial statement reveals total sales of $189,871.84, with total expenses of $160,371.78, resulting in a net ordinary income of -$39,766.78. The restaurant received a grant of $20,000 during the year, which reduced the net income loss to -$19,766.78.
The detailed financial statement breaks down income and expenses across multiple categories. Cost of goods sold (COGS) totaled $69,266.84, with significant expenses in food purchases ($60,428.66) and alcohol purchases ($8,028.03). Major expense categories included wages ($89,209.78), repairs and maintenance ($13,556.91), taxes ($13,215.66), and payroll expenses ($9,569.51). The restaurant also incurred costs for advertising, insurance, utilities, and various operational expenses. The grant income appears to have been a critical financial support mechanism, helping to offset the substantial operating losses experienced during the 2020 fiscal year.
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Text version
Jan - Dec 20
Ordinary Income/Expense Income
Sales 189,871.84
Total Income 189,871.84
Cost of Goods Sold Alcohol Purchases 8,028.03 Camp Store Supplies 774.15 Food Purchases 60,428.66 Restaurant Supplies 36.00
Total COGS 69,266.84
Gross Profit 120,605.00
Expense Contract Labor 950.08 Advertising and Promotion 4,438.47 Bank Service Charges 890.29 Credit Card Fees 4,608.96 Donations 300.00 Insurance Expense 4,835.67 License 599.00 Membership 150.00 Office Supplies 136.73 Payroll Expenses 9,569.51 Professional Fees 2,659.81 Repairs and Maintenance 13,556.91 Supplies 965.89 Taxes property taxes 716.00 Sales Tax 11,728.66 Taxes - Other 771.00
Total Taxes 13,215.66
Telephone Expense 4,390.46 Trash 616.25 Utilities 9,278.31 Wages 89,209.78
Total Expense 160,371.78
Net Ordinary Income -39,766.78
11:39 AM LincolnTrail Family Restaurant 01/11/22 Profit & Loss Cash Basis January through December 2020
Jan - Dec 20
Other Income/Expense Other Income
Grant 20,000.00
Total Other Income 20,000.00
Net Other Income 20,000.00
Net Income -19,766.78
11:39 AM LincolnTrail Family Restaurant 01/11/22 Profit & Loss Cash Basis January through December 2020
File details come from the government source that posted it. Updated .