(A) Eligible organizations pursuant to California Revenue and Taxation Code 23701d, shall keep bingo profits in the special account required by § 113.15, and such funds shall not be commingled with any other fund or account. Such profits shall be used only for charitable purposes.
(B) Eligible organizations defined other than pursuant to California Revenue and Taxation Code 23701d, shall keep all proceeds derived from bingo games in the special account required by § 113.15 and such proceeds shall be used only for charitable purposes, except as follows:
(1) Such proceeds may be used for prizes at authorized bingo games.
(2) A portion of such proceeds, not to exceed 20% of the proceeds before the deduction for prizes, or $1,000 per month, whichever is less, may be used for rental of property overhead, including the purchase of bingo equipment, administrative expenses, security equipment, and security personnel.
(3) Such proceeds may be used to pay license fees.
(C) The bingo game profits or proceeds shall be disbursed by check at least quarterly for a charitable purpose.
(D) It is a misdemeanor under Section 326.5b of the Penal Code of the State of California for any person to receive a profit, wage, or salary from any bingo game authorized under this chapter, a violation of which is punishable by a fine not to exceed $10,000, which fine shall be deposited in the general fund of the city. Notwithstanding the foregoing sentence, security personnel employed by the organization conducting the bingo game may be paid from the revenues of the bingo game as provided in division (A) and (B) of this section.
(Ord. 1116, passed 6-19-96)