(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)