With respect to other organizations authorized to conduct bingo games pursuant to this chapter, 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. Proceeds are the receipts of bingo games conducted by organizations described in § 113.10. These proceeds shall be used only for charitable purposes, except as follows:
(A) The proceeds may be used for prizes.
(B) A portion of the proceeds, not to exceed 20% of the proceeds before the deduction for prizes or $2,000 per month, whichever is less, may be used for the rental of property and for overhead, including the purchase of bingo equipment, administrative expenses, security equipment, and security personnel.
(C) The proceeds may be used to pay license fees.
(D) If the monthly gross receipts from bingo games of an organization within this chapter exceed $5,000, a minimum percentage of the proceeds shall be used only for charitable purposes not relating to the conducting of bingo games and that the balance shall be used for prizes, rental of property, overhead, administrative expenses, and payment of license fees. The amount of proceeds used for rental of property, overhead and administrative expenses is subject to the limitations specified in subsection (B) above.
(Ord. 1019, passed 1-20-98)