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CR 2000-009 Gambling Permit For The Hopkins Elks Lodge 2221 . January 11, 2000 Council Report 2000-09 CHARITABLE GAMBLING PREMISES PERMIT APPLICATION FOR THE HOPKINS ELKS LODGE 2221 Staff recommends approval of the following motion: Move that the Hopkins City Council adoPt Resolutions 2000-05, approvinq the charitable qamblinq premises permit for the Hopkins Elks Lodqe 2221, located at 30 - 8th Ave S. Adoption of this resolution will allow the Hopkins Elks to continue to run the existing charitable gambling activities at the Elks Club. Overview · The Hopkins Elks Lodge has requested a renewal of their gambling license and premises permit. They conduct charitable gambling at the Elks Club location only. Primary Issues to Consider · Does this organization meet the criteria of the City's gambling policy? Yes e · Has the organization conducted its past gambling operations in accordance with state and local laws? Yes Supporting Documents . Resolutions 2000-05 · Legislative Policy 4-A, Lawful Gambling . Financial Statement and Independent Auditor's Report, Years ending March 31, 1998 and 1997 . List of donations made by the Elks · Gambling License Application available in the City Clerk's office e . CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2000-05 RESOLUTION APPROVING A GAMBLING PREMISES LICENSE RENEWAL FOR THE HOPKINS ELKS LODGE, AT 30 _8TH AVENUE SOUTH WHEREAS, the Hopkins Elks Lodge 2221 has been an integral part of the Hopkins Community, and WHEREAS, the Hopkins Elks Lodge 2221 has applied for a gambling license to conduct lawful gambling in 2000 and 2001, and WHEREAS, the Hopkins Elks Lodge 2221 has conducted gambling activities in accordance with state law and Hopkins City Policy, . NOW, THEREFORE, be it hereby resolved that the City Council of the City of Hopkins, Minnesota, approves the Hopkins Elks Lodge 2221 Premises Permit Renewal application for The Hopkins American Legion Hall at 30 - 8th Avenue South. Adopted by the City Council of the City of Hopkins, Minnesota, this 18th day of January, 2000. Eugene J. Maxwell, Mayor ATTEST: Terry Obermaier, City Clerk . . . . Chapter 4 Page 1 0[6 ~hC~ LEGISLATIVE POLICY MANUAL ~ CBnfo ~Phone CHAPTER IV PQlicyA=8_I,,~JlVflJLG<:lJl1pJi n g ~Qlicy 4-8 Liquor Licen~e\fiQlaJi()n$ p().IJGy4:CT~mPQ[~Iy-~,2_liglJ9LLiC.~tl~.~.~ POLICY 4-A LAWFUL GAMBLING 1. PURPOSE 1.01 The purpose of this policy is to establish rules and procedures for lawful gambling in the City of Hopkins. 2. REGULATIONS 2.01 Except as otherwise enumerated herein, the prOVISIOns of Minnesota Statute Chapter 349 relating to the definition of tenns, licensing and restrictions of gambling are adopted and madc a pm1 of the statement of policy promulgated by the City of Hopkins as if set out in full 2.02 An applicant for a license shall be a registered Minnesota nonprofit corporation or an organization which is designated as exempt from the payment of income taxes by the Intemal Revenue Code and whose principal location or office is within the City of Hopkins. 2.03 The organization defined in Section 2.02 must be engaged in its activities for the benefit of the community within the City of Hopkins for at least five years on a perpetual, continuous, unintenupted basis and have at least 30 active voting members. 2.04 Gambling allowed by the city shall be canied on only within premises owned, occupied or leased by the organization except such activities pem1issible under M.S. 349.166. http://dellpoweredge/mis/chapter41.htm 1111/00 . . . Chapter 4 Page 2 of6 2.05 No application for a premises permit will be approved for any organization to conduct gambhng on any premises other than the premises of an on-sale liquor licensee or the premises of a fraternal, veterans or other non- profit organization. In order for a fraternal, veterans, or other non- profit organization to conduct gambling on their premises, such premises must have been continuously owned and occupied for a period of at least five years. No application for premises pern1it shall be approved for any organization for a site established for the primary purpose of conducting gambling. This section shall not apply to any organization which is exempt fTom the requirement for a gambling license according to M.S. 349.166. 2.06 A Class A license will only be approved for an organization that is licensed pursuant to Minnesota Statute, section 349.16, and that conducts gambling on premises that it owns and operates. 2.07 More than one organization, as defined in Section 2.02, may conduct gambling within a single owned, occupied or leased premise. More than one organization may jointly conduct a lawful gambling game at one location. However, two or more organizations shall not separately conduct the same game at the same time at one location. 2.08 The operation of gambling devices and the conduct of bingo and raffles licensed or approved pursuant to the authority granted to the City of Hopkins shall be carried on under the'supervision of a gambling manager designated by the organization. The gambling manager shall be responsible for the operation of the gambling activity and the receipts and profits generated from the operation. 2.09 The gambling manager shall be an active member of the organization issued the license and shall qualify under state law. 2.10 Organizations seeking approval for a premises permit, that are not currently conducting gambling in the City, must provide the City, in addition to the application f01111S, a copy of the minutes of a general membership meeting, where a quorum was present, wherein the organization approved a motion authorizing the gambling activities. 2.11 Pmiicipants in raffles, paddlewheels, pull tabs and tip boards shall be restricted to individuals who have attained the legal drinking age. This restriction only applies to premises where liquor, wine, beer or 3.2 beer is served. Where intoxicating beverages are not served the age shall be eighteen. 2.12 Organizations wishing to renew a gambling license must provide the City with a financial audit of its lawful gambling activities and funds for the previous two years. The audit(s) must be perfonned by an independent accountant licensed by the state of Minnesota. 2.13 In addition, such organizations must provide the City with infonnation on all expenditures of lawful gambling funds during the previous two years. Such info1111ation must include at a minimum the name of the recipient, the amount of the expenditure or contribution, and a brief description of how the expenditure or contribution meets the definition of "lawful purposes" as defined in M.S. 349.12. The City reserves the right to require additional documentation from licensed organizations, or organizations seeking licenses, as it deems necessary. 2.14 A fee of $100.00 shall be charged to all organizations submitting a Premises Permit Application or Applications for approval by the City. http://dellpoweredge/mis/chapter41.htm 1/11/00 . . . LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 LICENSE NUMBER B-00365 MINNESOTA ID NO. 9099423 REGULATORY BASIS FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT For the Fiscal Years Ended March 31, 1998 and 1997 DANIEL A. NELSON, LPA 9361 Pend Avenue Soutb Bloomington, MN 55431 . LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License #B-00365) TABLE OF CONTENTS PAGE Letter requesting 30 day extension to file 1 Independent Auditor's Report 2 Statement of Assets, Liabilities and Profit Carryover - Regulatory Basis March 31, 1998 and 1997 3 Statement of Revenues, Expenses and Changes in Profit Carry-Over - Regulatory Basis and Supplementary Information For the Years Ended March 31, 1998 and 1997 4-5 . Notes to Financial Statements and Supplementary Wormation 6-7 Independent Auditor's Report on Supplementary Information 8 ,- Reconciliation of Games Used - Regulatory Basis ." F or the Years Ended March 31, 1998 and 1997 9 Analysis of Maximum Allowable Expenses as a Percentage of Gross Profit - Regulatory Basis F or the Years Ended March 31, 19978 and 1997 10-11 Reconciliation of Profit Carry-Over - Regulatory Basis and Supplementary Information For the Years Ended March 31, 1998 and 1997 12 - 13 Regulatory Checklist Questionaire and Report 14 - 15 . Management Letter 16 . September 27, 1998 Emily Klooz, Revenue Auditor Minnesota Department of Revenue Special Taxes Division Lawful Gambling Tax Unit Mail Station 3350 S1. Paul, MN 55146-3350 RE: Hopkins Elks Lodge No. 2221 License No. B-Q0365 Annual Gambling Audit Year End 3/31/98 . Dear Emily, We are requesting an extension of time until October 31, 1998 to file the Annual Gambling Audit for year ending 3/31/98. . ,.- Thank you for your consideration to OUT request Sincerely, y~a,;7/~ Daniel A. Nelson, LP A .. (1) Daniel A. Nelson Licensed Public Accountant INDEPENDENT AUDITOR'S REPORT BOARD OF DIRECTORS HOPKINS ELKS LODGE NO. 2221 Hopkins, Minnesota I have audited the accompanying statement of assets, liabilities and fund balance, regulatory basis of the lawful gambling fund of Hopkins Elks Lodge No. 2221 as of March 31, 1998 and 1997, and the related statements of revenues, expenses and changes in profit carry-over, regulatory basis for the years then ended. These financial statements are the responsibility of the Organization's management. My responsibility is to express an opinion on these financial statements based on my audits. I conducted my audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe my audits provide a reasonable basis for my opinion. As described in Note 1, these financial statements were also prepared in conformity with the accounting practices prescribed or permitted by the Department of Revenue of the State of Minnesota "regulatory basis," which is a comprehensive basis of accounting other than generally accepted accounting principles. In my opinion, the financial statements referred to above present fairly, in all material respects, the assets, liabilities and fund balance of the Lawful Gambling Fund of Hopkins Elks Lodge No. 2221 as of March 31, 1998 and 1997, and the results of its operations and changes in its profit carry_ over for the year then endtxl on the basis of accounting as described in Note 1. This report is intended solely for the information and use of the Board of Directors, members and management of the lawful gambling fund of Hopkins Elks Lodge No. 2221 and for filing with the Department of Revenue of the State of Minnesota and should not be used for any other purpose. Respectfully, ~a~ Daniel A. Nelson, Licensed Public Accountant Bloomington, Minnesota November 24, 1998 9361 Penn Avenue South · Bloomington, Minnesota 55431 . (612) 884-0337 (2) LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License # B-00365) . Statement of Assets, Liabilities and Fund Balance REGULATORY BASIS March 31, 1998 and 1997 ASSETS Year Ended Year Ended 3/31/98 3/31/97 CURRENT ASSETS: CASH: Cash on Hand - Site Banks 2,100.00 1,700.00 Cash in Bank - Checking 6,361.94 14,011.26 Total Cash 8,461.94 15,711.26 INVENTORIES: Inventory 978.24 3,811.46 Total Inventories 978.24 3,811.46 Total Current Assets 9,440.18 19,522.72 OTIlER ASSETS: Reimbursement for excess cash short -88.61 0.00 2% Tax Refund - G-7430 2,453.88 1,117.00 Total Other Assets 2,365.27 1,117.00 . Total Assets 11,805.45 20,639.72 LIABILITIES CURRENT LIABILITIES Accrued State Taxes 0.00 0.00 Loans 12,000.00 23,000.00 Total Current Liabilities 12,000.00 23,000.00 Total Liabilities 12,000.00 23,000.00 FUND BALANCE Profit Carryover Beginning of Year -3,464.25 -1,377.73 Expenses in Excess of Revenues Year Ending 3,168.02 -2,086.52 Profit Canyover -296.23 -3,464.25 Variance 101.68 1,103.97 Fund Balance End of Year -194.55 -2,360.28 Total Liabilities and Fund Balances 11,805.45 20,639.72 (See accompanying Notes to Financial Statements) . (3) LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License B-00365) Statements of Revenues~ Expenses and Changes in Profit Carryover . REGULATORY BASIS For the Years Ended March 31, 1998 and 1997 Year Ended 3/31/9! Year Ended 3/31/97 Amount 0/0 Amount % REVENUES Pull-Tab Receipts 638,769.00 97.55% 515,912.00 98.35% Bingo Receipts 2,287.00 0.35% 0.00 0.00% Raffle Receipts 10,000.00 1.53% 0.00 0.00% Tipboard Receipts 3,780.00 0.58% 8,664.00 1.65% Interest Income 0.00 0.00% 10.00 0.00% Revenues Collected 654,836.00 100.00% 524,586.00 100.00% COST OF REVENUES Pull-Tab Prizes 541,579.00 82.70% 433,030.00 82.55% Bingo Prizes 1,155.00 0.18% 0.00 0.00% Raffle Prizes 6,249.00 0.95% 0.00 0.00% Tipboard Prizes 0.00 0.00% 4,260.00 0.81% Cost of Revenues 548,983.00 83.84% 437.290.00 83.36% GROSS PROFIT 105,853.00 16.16% 87,296.00 16.64% ALLOW ABLE EXPENSES 56,127.23 8.57% 49,194.11 9.38% .. REVENUES IN EXCESS OF ALLOW ABLE EXPENSES 49,725.77 7.59% 38,101.89 7.26% APPROVED ADmSlMENT 0.00 0.00% 0.00 0.00% LAWFUL PURPOSE EXPENDITURES .. Gambling Taxes: ~.. State Combined Receipts Tax 2,337.01 0.36% 1,304.01 0.25% ..:.; State Ideal Gambling Taxes 14,149.59 2.16% 14,016.82 2.67% State Ten Percent Tax 488.30 0.07% 1.00 0.00% Federal Gambling Taxes 0.00 0.00% 0.00 0.00% Total Gambling Taxes 16,974.90 2.59% 15,321.83 2.92% Audit Fees 964.91 0.15% 774.00 0.15% Program Expenditures' 28,617.94 4.37% 24,092.58 4.59% Total Lawful Purpose Expenditures 46,557.75 7.1I% 40,188.41 7.66% REVENUES IN EXCESS OF EXPENSES BEFORE INCOME TAXES 3,168.02 0.48% -2.086.52 ..().40% INCOME TAXES 0.00 0.00% 0.00 0.00% Revenues in Excess of Expenses 3,168.02 0.48% 0.00 0.00% Expenses in Excess of Revenues 0.00 0.00% -2,086.52 -0.40% -. Profit Cany-over - Beginning of year -3,464.25 -1,377.73 ProfitCany-ov~-EndofY~ -296.23 -3,464.25 (See accompanying Notes to Financial Statements) (4) . LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 License No. 84)0365 Lawful Purpose Expenditures For the Year Ended March 31, 1998 Elks Veterans Memorial Bldg Fund 1,830.00 Scholarship Fund 3,810.00 Youth Organizations 11,159.88 Federal Taxes 0.00 Property Taxes 12,935.06 Annual Audit - (112) 964.91 2% Tax refund - Form G-7430 -1,117.00 . Total Lawful Pwpose Expenditures 29,582.85 . (5) . ,e . NOTE 1 NOTE 2 NOTE 3 LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License #~365) NOTES TO FINANCIAL STATEMENTS March 31, 1998 and 1997 SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES Nature of Or~anization Beginning several years ago, the Organization commenced lawful gambling and currently has (1) pulltab operation site within the City of Hopkins to increase its program services and thereby better serve its members and the citizens of the Stale of Minnesota. Revenues in excess of allowable expenses generated by the Lawful Gambling Fund can only be used for lawful pwpose expenditures as defined by Minnesota Statues. Basis of Presentation Regulatory basis of accounting is the basis of accoWlting prescribed by the State of Minnesota, which is a comprehensive basis of accounting other than generally accepted accounting principles. Regulatory basis of accounting differs from the accrual method of accounting in that under the regulatory method, all liabilities other than the cost of games and the monthly state receipts tax are expensed when paid. In addition, under the accrual method, state gambling taxes collected upon purchase of the game are prepaid upon purchase and expensed during the period the game is used. Under the regulatory method., these state gambling taxes are expensed when paid. Gross Receipts Gross receipts represent amoWlts collected from customers net of bingo coupons and discounts, StMtinJ:( Game Banks Starting game banks consist of imprest amounts, which are used to fund open play of games in progress. Inventories Inventories consist of the vendor costs of the games purchased. State gambling taxes and state sales taxes paid upon purchase of the games are not included in inventories. On March 31, 1998 and 1997, inventories of games totaled $978.24 and $3,811.46, respectively. COMMITMENTS The Organization owns the building, which houses its lawful gambling pull-tab booth within the City of Hopkins. The Gambling operation pays no rent for the space. INCOME TAXES The Organization is exempt from stale and federal income taxes, however, the Organization is required to pay state and federal income taxes on unrelated business income. Under the regulatory method, income taxes are expensed when paid. (6) . . .- . HOPKINS ELKS LODGE NO. 2221 NOTES CONT'D (page 2) NOTE 4 NOTE 5 NOTE 6 END RESULTS OF GAME TESTING Subsequent to year-end, the Organization's independent auditor's selected eleven pull-tab games to be tested as part of their audit The exceptions of their testing, as reported to the Organization, are as follows: Game Serial No. 2832706 2619048 832413 2699830 370037 2699734 4400 12 6653310 450020 540104 710183 Type of Game Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Pull-Tabs Amount as Reported on Gamblin~ Tax Return 455.00 621.00 642.00 492.00 546.00 532.00 555.00 646.00 621.00 463.00 642.00 LISTING OF GAMBLING CONDUCTED BY ORGANIZATION Amount as Tested 455.00 621.00 642.00 492.00 546.00 532.00 555.00 646.00 621.00 463.00 642.00 Pull-tabs, Bingo, Tipboanls and Raffles were the only fonn of gambling conducted by the Organization during the year ended March 31, 1998. IDEAL TAX REFUND In February, the Organization applied for a refund of its ideal tax paid on unsold pull-tab tickets for the prior calendar year. As of March 31, 1998, the amount to be expended from this refund was $2,453.88. (7) . INDEPENDENT AUDITOR'S REPORT ON ADDmONAL INFORMATION Board of Directors and Members Hopkins Elks Lodge No. 2221 Hopkins,~nnesota . Our report on our audits of the basic financial statements of the Lawful Gambling Fund of Hopkins Elks Lodge No. 2221 for the year ended March 31, 1998 and 1997 appears on page 2. Those audits were made for the purpose offorming an opinion on the basic financial statements taken as a whole. The supplementary information on pages 9 through 13 is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and accordingly, we express no opinion on it. D~af/l~ Daniel A. Nelson, Licensed Public Accountant Bloomington, Minnesota November 24, 1998 -. (8) . LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License #B-00365) (Minnesota ill No. 9099423) RECONCILIA nON OF GAMES USED REGULATORY BASIS FOR THE YEAR ENDED MARCH 31, 1998 and 1997 3/31/98 3/31/97 NUMBER NUMBER AMOUNT OF GAMES AMOUNT OF GAMES PULL- TABS Cost of Games Used Beginning Inventories 3,393.46 80 944.43 22 Purchases 10,750.94 242 12,170.98 291 Subtotal 14,144.40 322 13,115.41 313 Less: Ending Inventories 873.24 21 3,393.46 80 Total Cost of Games Used 13,271.16 301 9,721.95 233 Reconciliation of Games Used Games Used Per Books Above 30J 233 Games Used and Reported Per Gross Revenues by Month 298 234 .. Difference or Possible Unreported Games 3 -1 NUMBER NUMBER TIPBOARDS AMOUNT OF GAMES AMOUNT OF GAMES Cost of Games Used Beginning Inventories 418.00 88 0.00 0 .. .- L' Purchases 460.08 144 1,707.00 372 Subtotal 878.08 232 1,707.00 372 Less: Ending Inventories 105.00 35 418.00 88 Total Cost of Games Used 773.08 197 1,289.00 284 Reconciliation of Games Used Games Used Per Books Above 197 284 Games Used and Reported Per Gross Revenues by Month 126 284 Games Destroyed and Reported on B-2's 71 0 Total Games Reported on B-2 Schedules 197 284 Difference or Possible Unreported Games 0.00 0.00 -. (9) . LAWFUL GAMBLING FUND OF HOPKINS ELKS LODGE NO. 2221 (License #B-O(365) ANALYSIS OF MAXIMUM ALLOWABLE EXPENSES AS A PERCENTAGE OF GROSS PROFIT REGULATORY BASIS FOR THE YEARS ENDED MARCH 31J 1998 AND 1997 1998 1997 Gross Profit 105,853.00 87,296.00 Allowable Expenses Cost of Games Used 14,044.23 1l,914.88 Compensation and Payroll Taxes 31,252.22 31,715.72 Accounting and Legal Services 1,684.91 1,214.00 Advertising 0.00 0.00 Bank Charges & Supplies 2,753.95 1,691.47 Gambling Equipment and Repairs 3,534.09 1,385.04 Investigative Fee 0.00 0.00 . License Renewals 900.00 200.00 Penalty & Interest 0.00 0.00 Rent 0.00 0.00 Utilities 0.00 0.00 Reimbursement of Excessive Cash Shortages ~161.17 0.00 Cash Shortages 2,1l9.00 1,073.00 Total Allowable Expenses 56,127.23 49,194.11 Maximum Allowable Expenses by Minnesota State Statutes 57,741.60 43,648.00 Excess of Maximum Allowable Expenses in Excess of Allowable Expenses - Current Year 1,614.37 w5,546.11 Beginning Cumulative Maximum Expenses in Excess of Allowable Expenses 56,492.50 62,038.61 Ending Cumulative Maximum Allowable Expenses in Excess of Allowable Expenses 58,106.87 56,492.50 . (10) (II) . ::;:: :r '" d) !II o l>> G) III 3 .- &> a 2- OJ o DI C. . ~ o * en P"' ('l) ('l) -- ~ '""t ~ ~ 2- - C1 p:J 3 cr- - _. ~ m ~ (1) :::: en ('l) n p:J - n $::: - p:J - _. o :::: ci' .., ... ~ '" ~ r.o ~ 1 s S" '" ~ :? i .. .. <0 <0 "" "!l ~ a ~ - ~ :i" n C a. d) 0- i[ GO i " ~ a 3 ~ ~ d) 3 ~. eft o "8 a; [ !l ~ !:; o .a OJ " ;:;- !'l. o. " "II S. 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'. ! m c: . .. en c = III W o o sn ::u o III .. ~ !D ~ Z GII GII .... .... w (12) G-l Schedule F Organization Name '-opkins Elks Lodge No. 2221 Gambling Fund Reconciliation license Number Month and year reported B-00365 3/31/98 Your gambling checking account 1) End.of-month bank balance from bank statements 1 .z}...iotaj.cheCki;:;g.;;;colint-............--................--............................---.-..............-......-.--..--...-...-.-....-.--...-..-..-..............--...........-...-.--.. _.....?~~.~..~~.!.~~.~~...............................................-.................-.........................-.-..-.....-...-....---.........-....-...-.---.....-.-.............................._.......~. .~)...~.~~..~!.~.~.!..~.':!~.3.......................................................................................................................-...-.-.............._........._......._._.......................................~. 4) Total of checks outstanding 4 .s)'.suiii:act.iine.4.iT,o"rTi.iine.3":..ThiS.jS.....-...-............................................................................-.........--........-..............-...-..........................................-....... the reconciled bank balance. 5 u_......~............~..............n......u._...............+..............~U.n..._.._.....u..................u.____.._.._..__.................u.....-.............................---.-.......-.............--.............-.-.---..............--.--...... Additions: other gambling funds not included in your checking account .~)...!.~~.~~~..t.~..~~~.~~~~.~.~~...................................................................................................._............................_..._............__..._~ 2,100.00 7) Dollar amount of your ending inventory 7 978.24 .8i...C~;h..i;;ceiiied..bUi.~t............................................m...............................................................................................................................m deposited during the month. 8 0.60 .9)...Totili"ofirTiouiits.in.iiiE.iaiiings..........m..........................................................................................................m........................................ and investment accounts 9 0.00 .1(ij.Am;;-~nt.of..requiri!d..re;iiib.;or..........................._...............................m..............................................................................-............-...... excess cash short (line 34 G-1 ) 10 ~8.6 1 .)~:.:.;j;~;;;;~:.-~~=~~~~~-~~~-~=~~~=~~-~====~=~~~=~~=~~:~:~; 2~." 12) Add lines 6 through 11 12 .13}.Add.iiM..!5'ii;;(j.ii;;.12:..ihlS.j;;................m.............................................................................................................................................................................. ........~~~..l;I.~~~!!~.!il..!~.':'.~.~!..~~~..~.~~:.............................................................m..........................................................................................................................J.~. Subtractions: unpaid obligations and receipts from games not closed < " 14) Total ortax listed on line 13 of all forms G-1that remains unpaid 14 .15j.Toiaj"~;;;;:ipt;.d;p;;~ed..i;.om................................................................................................................................................................... games still in play at end of mo. 15 .1S.j.Totiik;;;iiS.p;iy;;t;ie."irOiTi.any................................................m...............................................................-................................................ source at end of month. 16 12,000.00 0.00 0.00 ....hnn..n...~........u......n.......n.............................u.._.....................n......~.nn....n.....................................nu........................n................................................. 17) Total COGS unpaid including sales tax at end of the month. 17 0.00 u....+.....Un.~.........P................................n.............................Uh.........._...................u..........._._...............n...u~................n.............h........................................... .~~2.!.?!~!.~r..~~~~.~~~.~~!!~~.~....._............._.._...............................mm...........m........................................................................................~.~ 0.00 19) Add lines 14 through 18 19 .......n.u.................................................................n.............h.......................................................n...................................u...............................h...............................................n.. Reconciliation 20) Subtract line 19 from line 13 This is the gambling fund balance 20 .2.1rAm;:,.Ljnt.;;f.y;;ur.prof~..carr;.o:;;;..........._...................._..._m.................................................................................................................................................... (from line 44 of this month's G-1) 21 .. fI' ......j.ii.jirte.20..iS.;.iine.21.;;.ove"iiig;..........................m.._..................................................................................................-......................................................22. If line 20 is < line 21 " Shortage 22 ................................................................................................................................................n..........................................h....................................................................................... SchF398.x1s 11124198 (13) 8,391.28 133.00 8.624.28 2,262.3.4 6,361.94 5,0443.61 11.80U5 12,000.00 -194.65 -296.23 101.68 . . . To the Board of Directors Hopkins Elks Lodge No. 2221 Hopkins, Minnesota We have audited the financial statements of the Lawful Gambling Fund of Hopkins Elks Lodge No. 2221 as of and for the year ended March 31, 1998, and have issued our report thereon dated November 24, 1998. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Compliance with laws and regulations applicable to the Gambling Fund is the responsibility of Hopkins Elks Lodge No. 2221 management. As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we completed the Regulatory Checklist Questionnaire, which is attached to this report. However, the objective of our audit of the financial statements was not to provide an opinion on overall compliance with such provisions. Accordingly, we do not express such an opinion. This report is intended for the information of the Board of Directors, management and the Minnesota Department of Revenue. However, this report is a matter of public record and its distribution is not limited. D~a<~ Daniel A. Nelson, Licensed Public Accountant Bloomington, Minnesota November 24, 1998 (14) . REGULATORY CHECKLIST QUESTIONNAIRE Minnesota Rule 8122.0550 Subp. 6B Name of Organization: HOPKINS ELKS LODGE NO. 2221 Organization License Number: Date of Audit or Review: B..{I0365 November 10, 1998 INSTRUCTIONS: Based on the information obtained during the course of the audit, respond to the following nine statements for the period being audited. If there was not sufficient information available during the audit to respond to a statement, circle "N/A" for that statement. 1. The organization conducted gambling only at sites for which it had obtained a premises permit or a one-day off-site permit. 2. The organization had a licensed gambling manager at all times gambling was conducted. . 3. A lessor, a member of a lessor's immediate family, or an employee of a lessor was not a gambling manager of the organization. 4. The organization's gambling manager was bonded for an amount of at least $10,000.00. l--:"'- 5. Checks for the expenditure of gross profits from gambling were signed by at least two active members of the organization who have been authorized to sign checks. 6. The organization did not pre-sign gambling account checks. 7. The organization did not use signature stamps to sign gambling account checks. 8. If the organization has terminated all gambling activity a termination plan has been filed with the Gambling Control Board. 9. The organization has paid aU rent for the lease of premises in accordance with its lease agreements. ~. (15) Yes, No or N/A 1 Yes 2 Yes 3 Yes 4 Yes 5 Yes 6 Yes 7 Yes 8 N/A 9 Yes . Board of Directors Hopkins Elks Lodge No. 2221 Daniel A. Nelson Licensed Public Accountant Re: Management letter for Annual Gambling Audit of March 31, 1998 Dear Board Members: At the conclusion of an audit, it is our customary practice to prepare a detailed SUIllIIlaI)' of findings, comments, reportable conditions and recommendations based upon our audit of the financial statements. This letter is based upon all infonnation made available to us through the last day offieldwork, November 24, 1998. One function of an audit is to analyze and evaluate the internal accounting and management controls of the entity under audit. A simple definition of internal controls would entail the system of controls in an entity, which provide protection against financial statement misstatement and reduction of the risk of defalcations, theft or diversion of assets of the organization. Whatever the business or profit status of an entity, it is essential that management consider the relevance of good internal controls as they pertain to the organization. The simplest method of maximizing internal controls is to be sure that the same employee handles as few overlapping functions as possible. In small organizations, this often is not possible, given budget limitations for hiring sufficient staff. Our analysis, to the extent possible, reflects our understanding that hiring new employees is not a consideration, which would or could be made at this time. The following are some observations that came to our attention where improvements could be made. Inventory: Invoices must be included in the month of purchase, not in the month when the invoice is paid. Invoice #53935 dated 5/14/97 was reported in June 1997. Invoice #55108, dated 6/24/97 was reported in July 1997. Invoice #55986 dated 7/23/97 was reported in August 1997. ..:: .. ~~.-; Game Reporting: Some games were removed from play in April and May 1997 and were reported in the respective following months. All games must be reported on the B-2's with the actual date removed from play. It was observed that the last 10 months of the year ending 3/31198 were in compliance. Game Deposits: Game deposits are now being made within one or two days, well within the required 4 business days. General: In general, other than the items mentioned above, we noted no matters involving the internal control structure and its operation that we consider being material weaknesses. Also we would like to commend the new Gambling Manager for the fine job he is doing and bringing the game reporting and deposits into compliance. This report is intended solely fOf the information and uses of the Board of Directors, Members, Management and others within the organization and the Department of Revenue of the State of Minnesota. Thank: you for the opportunity to be of service to the Hopkins Elks Lodge No. 2221 D~a~ Daniel A. Nelson Licensed Public Accountant Bloomington, Minnesota November 24, 1998 9361 Penn Avenue South · Bloomington, Minnesota 55431 . (612) 884-0337 (16) . Charitable and Lodge Contributions from Gaming During 1998 Real Estate Tax $9,931.46 Elks Youth Camp $6,634.00 $500.00 Scholarship $3,000.00 Erin Hibelink Brian Connolly Amanda Rendim Annalise Nelson Anthony Lukken April Duffy Raspberry Days $1,223.00 Hopkins Center For Arts $1,000.00 . Hopkins Kids Fishing $1,000.00 Teenager of the Month $800.00 Elks National Foundation $700.00 Boy Scouts $500.00 School Patrol $400.00 Hopkins Little League $350.00 Hopkins Fire Dept Open House $150.00 Girls Basketball $125.00 Hopkins Family Resource $100.00 Alice Smith School $50.00 $26,263.46 . , 1999 Charitable And Lodge Contributions From Gaming . Real Estate Taxes $10,727.00 · MN Elks Youth Camp $6,822.00 $3,117.00 · Raspberry Weekend Events Five $500.00 Scholarships $2,500.00 $1,590.00 · Hopkins Community Christmas Tree and Lighting · Hopkins Fire Dept Saw and Open House Allied Charities Membership & Conv. $1,231.00 $1,167.00 · Teenager of Month Scholarships $1,100.00 Elks World War II Memorial Fund $700.00 · Hopkins Schools -Senior Class Party, Hoop Shoot, KCurran, Glen Lake, A Smith, Tanglen, Girls Hockey, Girls B-Ball, Summer Act. $615.00 . Elks Nat'l Fund Scholarship $610.00 American Legion Vets Prints $595.00 Boy Scouts $500.00 MN Special Olympics $400.00 · ST Patrick's Community Celebration $350.00 · Hopkins Area Family Resource Center $300.00 Elks Soccer Shoot $300.00 MN Council Compulsive Gambling $250.00 Muscular Dystrophy $150.00 Courage Center $100.00 M N Zoo $100.00 · Chapel View Christmas Tree $40.00 $33,264.00 . · Direct Benefits To Hopkins Community $15,165.00