(A) Each organization licensed to conduct a raffle shall keep such records and shall also keep records of its gross receipts, expenses and net proceeds for each single gathering or occasion at which winning tickets are determined.
(B) Gross receipts from the operation of each raffle shall be segregated from other revenues of the organization, including bingo gross receipts, if bingo games are also conducted by the same nonprofit organization pursuant to license therefor issued by the Department of Revenue of the State of Illinois, and shall be placed in a separate account. Each organization shall have separate records of its raffles. The person who accounts for gross receipts, expense and net proceeds from the operation of raffles shall not be the same person who accounts for other revenues of the organization.
(C) Each organization licensed to conduct raffles shall report in writing within 30 days after the conclusion of each raffle to its membership, and to the office of the Village Clerk, its gross receipts, expenses and net proceeds from raffles, and the distribution of net proceeds itemized as required in the Illinois Raffles Act and as may be required by this chapter. Where an organization is licensed to conduct more than one raffle, the report may be filed within 30 days after the conclusion of the last raffle drawing.
(D) Records required by this section shall be preserved and made available for inspection in accordance with the provisions of the Illinois Raffles Act.
(Ord. 18-1460, passed 2-7-18) Penalty, see § 112A.99