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Internal Controls Form - LG201 <br />Page 3 of 4 <br />11/97 <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 <br />documents is true, accurate, and complete; and notifying the Board of any changes in application <br />information. <br />Authorizing access. Authorizing the Gambling Control Board access to your organization's records, <br />gambling premises, and gambling bank accounts. <br />Internal controls (operations). Along with the gambling manager, developing internal controls to protect <br />your 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 that a 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 />Date 2 / 17 / 98 <br />Page 48 <br />