§ 131.36 BINGO ON LEASED PREMISES.

   (A)   Any person, corporation, or eligible organization which leases any premises that it owns to two or more eligible organizations for purposes, including the conduct of bingo occasions, shall not allow more than four bingo occasions to be conducted on the premises in any week.

   (B)   Any eligible organization which leases any premises to one or more other eligible organizations for purposes, including the conduct of bingo occasions, shall use the proceeds of the rental less reasonable sums for maintenance, furnishings, and other necessary expenses only for the uses for which bingo profits may be used as set out in § 131.42. Not less than once each year the lessor organization shall report to the City Council the disposition of all receipts which it has received during the reporting period from the rental of its facilities to other organizations for purposes, including the conduct of bingo occasions.

   (C)   No eligible organization shall conduct bingo on any leased premises without a written lease for a term at least equal to the remainder of the term of the bingo license of the lessee organization. Lease payments shall be at a fixed monthly rate or rate per bingo occasion not subject to change during the term of the lease. No lease shall provide that rental payments be based on a percentage of receipts or profits from bingo occasions.

(Prior Code, § 3-8-7)

§ 131.37 PRIZES.

   (A)   Prizes for a single bingo game shall not exceed $100 except prizes for a game of the type commonly known as a “cover-all” game. “Cover-all” prizes may exceed $100 provided that the aggregate value of the prizes for a bingo occasion shall not exceed $500. The aggregate value of prizes for a bingo occasion shall not exceed $2,500, except that in the case of bingo occasion during which a “cover-all” game is played for a maximum prize of more than $100 but less than $500, the aggregate value of prizes for the bingo occasion shall not exceed $3,000. Merchandise prizes shall be valued at fair market retail value.

   (B)   Each bingo winner shall be determined and every prize shall be awarded and delivered the same day on which the bingo occasion is conducted.

(Prior Code, § 3-8-8)

§ 131.38 RECORDS.

   (A)   Each licensed organization shall keep records of its gross receipts and profits for each bingo occasion. All deductions from gross receipts from a bingo occasion shall be documented with receipts of other records. The distribution of profits shall be itemized as to payee, amount, and date of payment. Records required by this subchapter shall be preserved for three years.

   (B)   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 $20 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 City Council.

   (C)   Bingo gross receipts shall be segregated from other revenues of an organization and placed in a separate account. Each organization shall maintain separate 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.

(Prior Code, § 3-8-9)