1980-075 Council Ordinances - Laserfiche WebLink

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SECTION V111. Prizes. Subdivision 1. Prizes for a single Bingo game shall not exceed One Hundred Dollars ($100.00) except prizes for a game commonly known as coverall game. Coverall prizes may exceed One Hundred Dollars ($100.00) provided that the aggregate value of such prizes for a Bingo occasion shall not exceed Five Hundred Dollars ($500.00). The aggregate value of prizes for a Bingo occas- ion shall not exceed Two Thousand, Five Hundred Dollars ($2,500.00) except in the case of a Bingo occasion during which a coverall game is played for a maximum of more than One Hundred Dollars ($100.00) but less than Five Hundred Dollars ($500.00) the aggregate value of prizes for the Bingo occasion shall not exceed Three Thousand Dollars ($3,000.00). Merchandise prizes shall be valued at fair market retail value. Subdivision 2. Each Bingo winner shall be determined and every prize shall be awarded and delivered the same day on which the Bingo occasion is conducted. SECTION 1X. Subdivision 1. Each licensed organization shall keep records of its gross receipts and profits for each Bingo occasion. All deductions from gross re- ceipts from a Bingo occasion shall be documented with receipts or other re- cirds. The distribution of profits shall be itemized as to payee, amount and date of payment. Records required by this ordinance shall be preserved for three (3) years. Subdivision 2. Gross receipts shall be compared to the Checkers records for the Bingo occasion by a person who did not sell cards for the Bingo occasion. If a discrepancy exceeding Twenty Dollars ($20.00) is found between the amount of gross receipts for a Bingo occasion as determined by the Checkers records, and the amount of gross receipts as determined by totaling the cash receipts, the discrepancy shall be reported to and investigated by the Council. Subdivision 3. Bingo gross receipts shall be segregated from other revenues of an organization and placed in a separate account. Each Organization shall maintain seperate records of its Bingo operations. The person who accounts for Bingo gross receipts and profits shall not be the same person who accounts for other revenues of the licensed organization. SECTION X. Reports. Subdivision,l. Each licensed organization shall report monthly to its member- ship its gross receipts form Bingo, its profits from Bingo, and the distribution of those profits itemized as required by Section 1X, Subd. 1. Subdivision 2. At the time of making its first license application under this ordinance and on an annual basis thereafter, each licensed organization shall file with the Council proof that it is a non-profit organization organized under the Minnesota State Law or Federal Law. SECTION X1. Inspection and Investigation. Subdivision 1. Any City Official or employee having a duty to preform with re- ference to a Bingo license and any POi ce Officer may inspect and examine the Bingo records of any licensed organization upon Twenty -Four (24) hours notice. SECTION X11. Use of Bingo Receipts. No expense shall be incurred or amounts paid in