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Internal Controls Form - LG201 <br />Page 3 of 4 <br />12/97 <br />Organization name J�,IgSiNet�c� License number A OH 1 — <br />\IOlua�e�r Counc,l <br />Chief Executive Officer <br />The chief executive officer (CEO) is responsible for the following: <br />Statutes and rules. Knowing the lawful gambling statutes and rules and following them. <br />Information is accurate and updated. Making sure that all information in applications and other documents <br />is true, accurate, and complete; and notifying the Board of any changes in application information. <br />Authorizing access. Authorizing the Gambling Control Board access to your organization's records, gambling <br />premises, and gambling bank accounts. <br />Internal controls (operations). Along with the gambling manager, developing internal controls to protect your <br />organization's gambling assets and maintain proper accounting. <br />Monthly meetings. Presiding over organization meetings where the expenditure of gambling profits and <br />gambling issues are considered; and verifying that the gambling report is completed. <br />Tax returns and reports. Assuring the accuracy of the Monthly Summary and Tax Return G -1 and <br />attachments, and the monthly Schedule C/D LG1010 with only authorized and approved lawful purpose <br />contributions and allowable expenses; and signing the returns. <br />Key areas for oversight. It is recommended that the CEO oversee the following —with help from the <br />organization's membership: <br />1. Membership meeting minutes <br />2. Inventory <br />3. Deposits <br />4. Auditing closed games <br />5. Cash variances (shortages) <br />6. Profit carryover reconciliation <br />7. Monthly reports <br />8. Expense calculations <br />9. Fund losses <br />CEO Signature <br />I verify thata written system of internal controls has been established, implemented, and will be available for review, <br />and that any changes on page 2 of this form will be submitted to the Gambling Control Board within ten days of the <br />change. <br />CEO <br />(-14 <br />Date (,- / \ / e� <br />This form will be made available in alternative format (i.e. large print, Braille) upon request. If you use a I I Y, you can <br />call the Board by using the Minnesota Relay Service at 1- 800 -627 -3529 and ask to place a call to 651 - 639 -4000. <br />The information requested on this form will become public information when received by the Board, and will be <br />used to determine your compliance with Minnesota statutes and rules governing lawful gambling activities. <br />PAGE 230 <br />