(A)   No expense shall be incurred or amounts paid in connection with the conduct of bingo, except those reasonably expended for bingo supplies and equipment, prizes, rent or utilities used during the bingo occasion, bingo license fees and compensation to persons lawfully hired to conduct or assist in conducting a bingo occasion.
(1978 Code, § 504.12)
   (B)   Profits from any bingo occasion shall be expended only as authorized by a resolution recorded in the official minutes at a regular meeting of the licensed organization and only for one or more of the following purposes:
      (1)   Public welfare. Benefitting persons by enhancing their opportunity for religious or education advancement, by relieving or protecting them from disease, suffering or distress, by contributing to their physical well-being, by assisting them in establishing themselves in life as worthy and useful citizens or by increasing their comprehension of and devotion to the principles upon which this nation was founded;
      (2)   Public works. Initiating, performing or fostering worthy public works or enabling or furthering the erection or maintenance of public structures;
      (3)   Governmental service. Lessening the burdens borne by government or voluntarily supporting, augmenting or supplementing services which government would normally render to the people; and
      (4)   Real property. The improving, expanding, maintaining or repairing of real property owned or leased by the licensed organization. Profits from bingo occasions shall not be expended for the erection or acquisition of any real property, unless the Council specifically authorizes the expenditures after finding that the property will be used exclusively for one or more of the purposes specified in this section.
(1978 Code, § 504.10)