Each licensee conducting a bingo game shall maintain detailed records of all proceeds, profits, expenditures, prizes and other expenses relating to the operation of the bingo game. Such records shall be retained for a period of three (3) years and as long thereafter as may be required by any state or federal law. Such records, including related bank accounts, shall be open for inspection at any time by the Sheriff, license collector, or any state or federal official in the performance of his or her duties. Within fifteen (15) days after March 31, June 30, September 30, and December 31 during the license period the licensee shall file a report, under penalty of perjury, with the license collector containing the following information:
(a) Any changes in or additions to the information required in the application.
(b) The total amount of money received from the operation of bingo games during the previous three (3) month period.
(c) The total amount paid out in prizes.
(d) Detailed costs to the licensee of the operation of the bingo games.
(e) All disbursements from the fund.
Failure to timely file reports shall be grounds for suspension, revocation or nonrenewal of a license.
(Added by Ord. No. 3390, effective 8-20-09; amended by Ord. No. 3490, effective 2-25-16)