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MINUTES <br />City Council <br />May 11, 1988 <br />Bingo <br />(Cont.) <br />been in oper~ation they have made $45,000. <br />LaValle again stated that he would like to see the quar~ter•ly r•epor•t <br />in the for•mat he has put together~. This for~mat r~equires bingo and <br />pull-tab income to be r~epor~ted separ•ately. <br />Fahey suggested that for~ those or•ganizations that ar•e using pr•ofits <br />inter•nally, a monthly r•epor•t be made showing how their• pr•ofits ar•e <br />being used. <br />Scalze stated that she wanted the same for•mat for• all the char~ities so <br />that she can compare profits fr•om Fr~iday nights, for~ example, for• each <br />char~i ty when oper•ati ng on a Fr•i day ni ght. Scal ze fel t that the fi gur•es <br />for~ each night of the week should be fair~ly close r~egar•dless of which <br />char•i ty i s oper•ati ng on a par•ti cul ar• ni ght. <br />Fahey stated that he is comfortable enough with the way the oper•ation <br />is r•unning to appr•ove the licenses pending receipt of the financial <br />infor~mation. Fahey noted that the State is r~esponsible to deter•mine <br />whether• the char•ities are in compliance with State law. <br />Mattson stated that the char•ities will get together• and come up with <br />a common r•epor•ting for•mat that will be acceptable to the City. <br />Fahey stated that he wanted to see daily income separ•ated between <br />bingo and pull-tabs. <br />Collova agr•eed that a standard for•mat was needed. <br />Mr•. Fahey intr~oduced the following r•esolution and moved its adoption: <br />RESOLUTION N0. 88-5-181 - APPROVING THE GAMBLING <br />LICENSE APPLICATIONS SUQMITTED BY LITTLE CANADA <br />FIRE DEPARTMENT, LAKE OWASSO HOMES, AND NORTH <br />SUBURBAN YOUTH ASSOCIATION CONTINGENT UPON THESE <br />ORGANIZATIONS SUBMITTING TO CITY STAFF WITHIN TWO <br />WEEKS FROM TODAY'S DATE, AS WELL AS ON AN ANNUAL <br />BASIS, TO BE RECEIVED AS PART OF THE REAPPLICATION <br />PROCESS AT LEAST 60 DAYS PRIOR TO RENEWAL DATE OF <br />THEIR GAMBLING LICENSES THE APPROPRIATE ACCOUNTING <br />REPORTS SHOWING SEPARATELY FOR BINGO AND PULL-TABS <br />THE GROSS SALES, PRIZES, NET RECEIPTS, COST OF TABS, <br />COST OF SALES TAXES PAID, SALARIES, RENT, MISC. EXPENSES, <br />AND F.EDERAL PULL TAB TAXES PAID, AS WELL AS CONTRIBUTIONS <br />FOR EACH OPERATION WHICN INCLUDES FOR THOSE ORGANIZATIONS <br />WNOSE PRIMARY USE OF THE FUNDS IS INTERNAL, SPECIFIC <br />DESCRIPTIONS OF WHERE FUNDS ARE BEING USED, AND IN <br />ADDITION, EACH OPERATION IS TO LIST FUNDS RECEIVED <br />FROM BOTH THE BINGO OPERATION AND PULL-TABS FOR EACH <br />DAY THEY OPERATE AND FAILURE TO PRODUCE THIS <br />INFORMATION WILL DEEM DENIAL OF THE GAMBLING LICENSE <br />APPLICATIONS <br />Page -12- <br />