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LITTLE CANADA HISTORICAL SOCIETY, INC. <br />PROCEDURES OF RECEIPTS & EXPENDITURES <br />Gross Receipts from lawful gambling are separated by the <br />type of receipt and are reported to the Membership of this <br />organization at its regular monthly meeting. Gambling <br />proceeds are completely separate from other revenues of <br />the organization (MS 349.19) <br />Deposit Records detail the type of receipt (bingo,pull tab) <br />site, license number and date. Deposits are made within <br />3 days of completion of the game. A deposit Registar is <br />maintained and is verified at the end of each month against <br />the bank statement and the Monthly Tax Reports. The reconciled <br />bank statements, Monthly Tax Reports and Deposit Registers are <br />are reported to the Membership and are recorded in the minutes <br />of the regular Monthly Membership Meeting of this organization. <br />Checks from Gross Profit from lawful gambling require two (2) <br />signatures. All expenditures from Gross Profit from lawful <br />gambling are reported to and authorized by the membership of <br />this organization at its regular monthly meeting and are <br />recorded in the minutes itemized as to date, check #, payee <br />purpose and amount. <br />. !.__..�. yam'._✓ <br />Jean Donovan, President, Little Canada Historical Society, Inc. <br />PAGE 208 <br />