2020 Profit and Loss Statement_Redacted~5.pdf
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- Attached to
- DNR Lincoln Trail Concession
- Solicitation number
- 26-422DNR-DIREC-B-49369
- Issued by
- Clinton County, Illinois
About this file
This document is a Profit & Loss statement for LincolnTrail Family Restaurant for the period of January through December 2020, detailing the restaurant's financial performance for the entire year. The restaurant generated total sales of $189,871.84, with a gross profit of $120,605.00 after accounting for cost of goods sold at $69,266.84. Total expenses for the year were $160,371.78, which included significant costs such as wages ($89,209.78), repairs and maintenance ($13,556.91), and taxes ($13,215.66).
The restaurant experienced a net ordinary income loss of $39,766.78, but received a grant of $20,000.00 which reduced the final net income loss to $19,766.78. Major expense categories included payroll expenses ($9,569.51), utilities ($9,278.31), food purchases ($60,428.66), and various operational costs like credit card fees ($4,608.96), advertising and promotion ($4,438.47), and insurance expenses ($4,835.67). The financial statement indicates that while the restaurant generated substantial revenue, its expenses outpaced income, necessitating the grant to offset some of the financial shortfall.
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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 .