With respect to other organizations authorized to conduct bingo games pursuant to this chapter and Section 326.5 of the Penal Code, all proceeds derived from a bingo game shall be kept in a special fund or account and shall not be commingled with any other fund or account. Such proceeds shall be used only for charitable purposes, except as follows:
A. Such proceeds may be used for prizes.
B. A portion of such proceeds, not to exceed twenty percent of the proceeds after the deduction for prizes, or two thousand dollars per month, whichever is less, may be used for rental of property, overhead and administrative expenses, security equipment, and security personnel.
(Ord. 801-2012 §1, 2012: Ord. 314 §14, 1977).