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FEB -21 -1992 11 :03 FROM SWEENEY' 8, BORER <br />TO LITTLE- CANADA P.O8 /O9 <br />with the Gambling Control Board pursuant to M.S. <br />§349.19. The audit must comply with the standards <br />prescribed by the Gambling Control Board and must <br />provide for the reconciliation of the organization's <br />gambling account or accounts with the organization's <br />reports filed under M.S. §349.19, Subd. 5 and M.S. <br />§349.154. The filing of a copy of the audit submitted <br />to the Gambling Control Board pursuant to M.S. §349.19 <br />shall be sufficient to satisfy this requirement if the <br />audit complies with this section. <br />(E) The organization shall submit an audit by an <br />independent certified public accountant to the City on <br />an annual basis. The audit shall be delivered to the <br />City no later than six (6) months from the end of the <br />organization's fiscal year or the date of filing of <br />the audit with the Gambling Control Board, whichever <br />is sooner. <br />(F) A premises permit approved by the City under this <br />Ordinance may be suspended by the City for violation <br />of Ordinance or revoked for failure to meet the <br />qualifications set up in Sections 815.020 and 815.025, <br />or for a violation of any part of Section 815 of the <br />City's Ordinance, or for a failure to comply, for any <br />reason with any provision, guarantee, or claim made in <br />any applicant's original license application to either <br />the City or the State of Minnesota. <br />(G) No license or permit approved by the City, including <br />any bingo hall license, grants the licensee a property <br />right or entitlement to a license or permit. The City <br />may refuse to issue, renew or may revoke the license <br />or permit for any reason and will not incur liability <br />for any damages including, but not limited to, direct, <br />consequential or incidental damages, deprivation of <br />property, loss of income, loss of profits, or loss of <br />livelihood. <br />(H) The holder of a premises permit or bingo hall license <br />shall notify the City in writing of any change in the <br />information required under Section 815.020 (8) within <br />ten (10) days. As a condition of the approval of a <br />premises permit or bingo hall license, a licensee <br />shall consent to the access by the City to its <br />financial records, and failure to consent to the <br />access to these records shall be grounds for the <br />revocation or suspension of the premises permit or <br />bingo hall license. <br />-5- <br />Page 13 <br />