A. No individual, corporation, partnership or other legal entity except the permittee shall hold a financial interest in the conduct of such bingo game.

B. 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.

C. The permittee shall keep full and complete accounting records supported by properly executed contracts, leases, receipts and other related documents which pertain to all monies, and other forms of income, collected in connection with the conduct of any of its bingo games, disbursed for expenditures in connection therewith and remaining or distributed for charitable purposes. Such records shall be clearly identified and readily accessible. The City shall have the right to examine and audit such records at any reasonable time, and the licensee shall fully cooperate with such officials by making such records available. Failure to comply with these requirements shall result in the immediate suspension of the bingo permit.

D. A permittee shall report changes of its officers to the Finance Department within 10 days of such change.

E. The permittee must provide a method approved by the Director of Finance for recording and documenting all bingo calls.

F. The permittee shall provide to the Director of Finance for each bingo game the name and signature of each winner and the name and signature of the organization member responsible for making payment to the bingo winner.

G. No more than the lesser of 20 percent of the gross proceeds of a bingo game or two one thousand dollars ($2,000) per month, whichever is less, may be used for overhead, including rental of property, the purchase of bingo equipment, administrative expenses, security equipment and security personnel. (Ord. 7152-NS § 1 (part), 2010)