US Lawyer Database

563.63 – Bingo account.

563.63 Bingo account. (1) Each licensed organization shall maintain one account which shall be designated as the “bingo account” and which shall be a regular or interest-bearing checking, share draft or negotiable order of withdrawal account from which canceled checks, share drafts or negotiable orders of withdrawal, or microfilm copies of any of them, may […]

563.64 – Bookkeeping and accounts.

563.64 Bookkeeping and accounts. (1) Each licensed organization shall maintain a single entry or double entry bookkeeping system for the purpose of recording all receipts and expenditures in connection with the conduct of bingo and the disbursement of profits derived therefrom. Such bookkeeping system shall consist of a columnar book maintained on a calendar or […]

563.65 – Proper and legitimate expenditures; reimbursement and waiver.

563.65 Proper and legitimate expenditures; reimbursement and waiver. If a financial audit of a licensed organization shows that an expenditure of bingo funds was not a proper and legitimate expenditure and the department requests that the licensed organization reimburse the appropriate bingo account in an amount equal to the amount so expended, the licensed organization […]

563.66 – Financial report to membership.

563.66 Financial report to membership. (1) At least once a year, each licensed organization shall report the following information in writing to its membership regarding the bingo occasions which it has conducted: (a) The number of bingo occasions conducted. (b) The gross receipts. (c) The amount of prizes paid. (d) The net profit or loss. […]

563.68 – Expenditure of bingo funds after cessation of bingo.

563.68 Expenditure of bingo funds after cessation of bingo. A licensed organization which has ceased to conduct bingo for any reason and has unexpended bingo funds shall disburse such funds in any of the following ways: (1) As provided under s. 563.51 (8) within one year after the cessation of the conduct of bingo. (2) […]

563.61 – Report of bingo operations.

563.61 Report of bingo operations. (1) Each licensed organization shall file with the department, on a form prescribed by the department, a semiannual report of bingo operations for each 6-month period beginning on the date on which the organization’s license is issued. The report is due on the 60th day after the last day of […]

563.62 – Reports improperly filed.

563.62 Reports improperly filed. (1) The department may refuse to renew a license of an organization found to be delinquent in filing its financial statement or found to have filed an incomplete statement of bingo operations. (2) If a licensed organization fails to file a financial statement of bingo operations within 5 days after notification […]