CR 98-04 Gambling Permit - American Legion Post 320• December 30, 1997 Council Report 98 -04
Staff recommends approval of the following motion: move to adopt Resolution 98 -01,
approving application for lawful gambling premises permit at the Hopkins American Post
320, 10 - 12' Avenue South.
This action will allow the Hopkins American Legion to continue to operate lawful gambling
activities without interruption.
Overview
The Hopkins American Legion has applied for a renewal of its lawful gambling license and
premises permit. The City is required to act on the renewal before the State will grant the
license. The Hopkins American Legion holds a class A license, but does not conduct bingo
on the premises at this time. The premises is owned and operated by the applicant
Primary Issues to Consider
APPLICATION FOR LAWFUL GAMBLING PREMISES PERMIT AT
THE AMERICAN LEGION POST 320 FOR THE
HOPKINS AMERICAN LEGION
• Does the Hopkins American Legion meet the criteria of the Hopkins Legislative
Policy 4 -A, Lawful Gambling?
Yes
• Has the organization conducted its operations according to State Statue and
Local Municipal Ordinances.
Yes
Supporting Documents
erry
• Resolution 98 -01
• Legislative Policy 4 -A, Lawful Gambling Policy
• Financial Statement and Independent Auditor's Report, Years ending December
1996 and 1995
• List of Donations made by the Hopkins American Legion
• Premises Permit application available in the City Clerk's office
er, City Clerk
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 98 -01
RESOLUTON APPROVING A GAMBLING
LICENSE FOR THE HOPKINS AMERICAN LEGION POST 320
WHEREAS, the Hopkins American Legion Post 320 has been an important
part of the City of Hopkins, and;
WHEREAS, the Hopkins American Legion Post 320 has applied for a renewal
of its gambling license to conduct lawful gambling, and;
WHEREAS, the Hopkins American Legion Post 320 has conducted its
gambling operation in accordance with the laws of the State of Minnesota and
Hopkins City Policy,
NOW, THEREFORE, be it hereby resolved that the City Council of the City of
Hopkins, Minnesota approves the Hopkins American Legion Post 320 Premises
Permit Renewal application to operate lawful gambling at the Hopkins American
Legion Post, 10 — 12 Avenue South.
Adopted by the City Council of the City of Hopkins this 6th day of January 1998.
ATTEST:
Terry Obermaier, City Clerk
By
Charles D. Redepenning, Mayor
1. PURPOSE
2. REGULATIONS
POLICY 4 -A
LAWFUL GAMBLING
1.01 The purpose of this policy is to establish rules and procedures for lawful gambling in the
City of Hopkins.
2.01 Except as otherwise enumerated herein, the provisions of Minnesota Statute Chapter 349
relating to the definition of terms, licensing and restrictions of gambling are adopted and
made a part 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
Internal 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, uninterrupted basis and have at least 30 active voting members.
2.04 Gambling allowed by the city shall be card'
arried on only within premises owned, occupied
or leased by the organization except such activities permissible under M.S. 349.166.
2.05 No application for a premises permit will be approved for any organization to conduct
gambling 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 permit 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 from 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.
Legislative Policy Manual -- Chapter 4 -A 1
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 forms, 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 Participants 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 performed by an independent accountant licensed by the state of Minnesota.
2.13 In addition, such organizations must provide the City with information on all
expenditures of lawful gambling funds during the previous two years. Such information
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.
Established 11/19/85 by Resolution 85 -3218
Revised 4/19/94
Revised 12/16/97
City of Hopkins
Legislative Policy Manual -- Chapter 4 -A 2
LAWFUL GAMBLING FUND OF
HOPKINS AMERICAN LEGION POST #320
(License #A- 00225)
(MN Taxpayer ID #7373816)
(Federal Taxpayer ID #41- 6031923)
REGULATORY BASIS
FINANCIAL STATEMENTS AND
INDEPENDENT AUDITOR'S REPORT
December 31, 1996 and 1995
TABLE OF CONTENTS
Page
Independent Auditor's Report 1
Statement of Assets, Liabilities and
Fund Balance- Regulatory Basis
December 31, 1996 and 1995 2
Statement of Revenues, Expenses and
Changes in Profit Carry- Over - Regulatory
Basis For The Years Ended December 31, 1996 and 1995 3
Notes to Financial Statements 4 -6
Independent Auditor's Report on
Supplementary Information 7
Games Used Regulatory Basis
for the Years Ended December 31, 1996 and 1995 8
Analysis of Maximum Allowable Expenses as a
Percentage of Gross Profit- Regulatory Basis
For the Years Ended December 31, 1996 and 1995 9
Reconciliation of Profit Carry-Over
Regulatory Basis for the Years Ended
December 31, 1996 and 1995 10
Lawful Purpose Program Expenditures
Regulatory Basis For The Years Ended
December 31, 1996 and 1995. 11
Regulatory Checklist Report 12
Management Letter /Reportable Conditions 13
Officers and Members
• Hopkins American Legion Post #320
Hopkins, Minnesota
Edward J. Neppl
Eagan, Minnesota
July 22, 1997
EDWARD J. NEPPL
CERTIFIED PUBLIC ACCOUNTANT
Town Centre Professional Bldg., Suite #103
1260 Yankee Doodle Road, Eagan, Minnesota 55121
612- 688 -8604 Fax 612- 688 -0010
INDEPENDENT AUDITOR'S REPORT
We have audited the accompanying statements of assets, liabilities and fund balance -
regulatory basis of the Lawful Gambling Fund of Hopkins American Legion Post #320
as of December 31, 1996 and 1995, 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. Our
responsibility is to express an opinion on these financial statements based on our
audits.
We conducted our audits 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.
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. We believe that our audit
provides a reasonable basis for our 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 our 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 American Legion Post #320 as of December 31, 1996 and 1995, and the
results of its operations and changes in its profit carry-over for the year then ended, on
the basis of accounting as described in Note 1.
This report is intended solely for the information and use of the officers, members and
management of the Lawful Gambling Fund of Hopkins American Legion Post #320
and for filing with the Department of Revenue of the State of Minnesota, and should not
be used for any other purpose.
Cash
Gambling Bank Account
Starting Game Banks
Total Cash
Inventories - Games
- Prizes
Total Assets
Accounts Payable
State Taxes Payable $ 10,640 $ 8,094
Due to Game Vendors 3,104 1,284
Due on Tipboard Prizes 270 165
14,014 9,543
Fund Balance
Profit carryover
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Statement of Assets, Liabilities and Fund Balance
Regulatory Basis
For the Years Ended December 31. 1926 and 1995
Total Liabilities & Profit Carryover
See accompanying Notes and Auditor's Report
ASSETS
LIABILITIES
PROFIT CARRYOVER
1996 1995
$ 83,699 $ 92,537
4.800 6.000
88,499 98,537
3,254 1,886
855 780
4.109 2.666
$ 92.608 $ 101.203
78.594 91.660
$ 92.608 $ 101 203
REVENUES
Pulitab Receipts $ 2,152,195 $ 1,975,512
Tipboard Receipts 8,130 9,120
Interest Income 43 202
2.160.368 1.984.834
COST OF REVENUES
Pulitab Prizes
Tipboard Prizes
GROSS PROFIT
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Statement of Revenues, Expenses & Changes in Profit Carryover
Regulatory Basis
For the Years Ended December 31. 1996 and 1995
ALLOWABLE EXPENSES
REVENUES IN EXCESS OF
ALLOWABLE EXPENSES
See accompanying Notes and Auditor's Report
1996
Amoun Percen
1,795,034 1,639,806
4.065 4.560
1.799.099 1.644,366
361,269 100.0 % 340,468 100.0 %
121.012 33.5 115.498 33.9
240,257 66.5 224,970 66.1
LAWFUL PURPOSE EXPENDITURES
State Combined Receipts Tax 87,622 24.3 75,847 22.3
State Ten Percent Tax 4 - -- 20 ---
State Ideal Gambling Tax 52,073 14.4 50,495 14.8
Federal Gambling Taxes 5,407 1.5 5,045 1.5
Audit Fee 1,150 .3 2,500 .7
Real Estate Taxes 19,878 5.5 15,047 4.4
Program Expenditures 18,850 5.2 11,160 3.3
Board Approved Expenditures 68.339 18 9 44.210 13.0
253.323 701 204.324 60.0
REVENUES IN EXCESS OF EXPENSES (13,066) )% 20,646 6.1 %
Profit Carry- Over - Beginning of Year 91,660 24,759
Reimbursement to Gambling Fund - -- 46.255
PROFIT CARRY -OVER END OF YEAR $ 78.594 $ 91.660
3
1995
Amount Percent
Note 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
See Auditor's Report.
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Notes to Financial Statements
December 31, 1996 and 1995
Nature of Organization
The organization conducts lawful gambling and currently has one pull tab
and tip board operation site within the City of Hopkins, Minnesota to
increase its program services and thereby better serve the community.
Revenues in excess of allowable expenses generated by the Lawful
Gambling Fund can only be used for lawful purpose expenditures as
defined by Minnesota Statutes.
Basis of Presentation
Regulatory basis of accounting is the basis of accounting 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 the 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 amounts collected from customers.
Starting Game Banks
Starting game banks consist of imprest amounts which are used to fund
open play of pull tab games.
Inventories
Inventories consist of the vendor costs of the games purchased plus sales
tax. State gambling taxes paid upon purchase of the games are not
included in inventories. At December 31, 1996, there were 73 Pulltab
games and 46 Tipboard games in the inventories. At December 31, 1995
there were 45 Pulltab games and 30 Tipboard games on hand.
Note 4 OTHER CONTINGENT LIABILITIES
The Organization's profit carry-over, as stated in its gambling tax return at
December 31, 1996, was understated by approximately $101. At
December 31, 1995, the profit carry-over was understated by
approximately $833. Actions required by the Department of Revenue
include either reconciling the shortage or adjusting the gambling account.
This item will be resolved during the current fiscal year.
Note 5 BOARD APPROVED EXPENDITURES
See Auditor's Report.
During 1996 the Post made mortgage payments on its building in the
amount of $59,556. The Post also received Board approval to expend
gambling funds for siding repairs in the amount of $8,783.
•
Officers and Members
Hopkins American Legion Post #320
Hopkins, Minnesota
Our report on our audit of the basic financial statements of the Lawful Gambling Fund of
Hopkins American Legion Post #320 for the years ended December 31, 1996 and
1995, appears on Page 1. The audit was made for the purpose of forming an opinion
on the basic financial statements taken as a whole. The supplementary information on
pages 8 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.
Edward J. Neppl
Eagan, Minnesota
July 22, 1997
INDEPENDENT AUDITOR'S REPORT ON
ADDITIONAL INFORMATION
EDWARD J. NEPPL
CERTIFIED PUBLIC ACCOUNTANT
Town Centre Professional Bldg., Suite #103
1260 Yankee Doodle Road, Eagan, Minnesota 55121
612 - 688 -8604 Fax 612- 688 -0010
PULL TABS
Cost of Games Used:
Beginning Inventories S 1,811 45 $ 1,800 43
Purchases 36.975 132 34.312 7 91
38,786 877 36,112 834
Less Ending Inventories
Subtotal
Games Reported
on Schedule B -2
Difference
TIP BOARDS
1 Cost of Games Used:
Beginning Inventories 75 30 175 70
Purchases 764 287 703 264
839 317 878 334
Less Ending Inventories
Subtotal
Games reported
on Schedule B -2 271
Difference 0
Cost of Games Used
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Games Used - Regulatory Basis
For the Years Ended December 31. 1996 and 1995
1996 1995
Number Number
Amount of Games Amount of Games
43.139) 73 (1.811) L)
35,647 804 34 301 789
804
0
789
0
(115) (46) (75) - (30)
$ 36 .371 $ 35.104
724 271
803 304
304
0
ADDITIONS: 1996 1995
Cash in Gambling Bank Account $ $ 56,359
Cash in Starting Banks 1,346
Ending Inventories - Games 1,368 1,346
Ending Inventories - Prizes 75 525
Due to Game Vendors 1,138
Prizes Payable 424
Due from General Fund —:= 9 261
Total Additions 1,443 69,053
SUBTRACTIONS:
Cash in Gambling Bank Account 8,838
Cash in Starting Banks 1,200
Due to Game Vendors 1,820
Taxes Payable 2,546 2,063
Ending Inventories - Games - -- 89
Prizes Payable 105
Total Subtractions 14,509 2,152
Profit Carry-over
Current Year and 1995 reimbursement (13,066) 66,901
Profit Carry-over
Beginning of Year 91.660 24.759
Profit Carry-over From
Financial Statements 78,594 91,660
Profit Carry-over from
Tax Report
Variance from Balance
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Reconciliation of Profit Carry-Over
Regulatory Basis
For the Years Ended December 31 1996 and 1995
10
78.493 90 827
101 $ 833
TAXES
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Lawful Purpose Program Expenditures - Regulatory Basis
For the Years Ended December 31 1996 and 1995
Federal Excise Taxes $ 5,407 $ 5,045
State Ten Percent Tax 4 20
State Gambling Taxes 52,073 50,495
Combined Receipts Taxes 87,622 75,847
Real Estate Taxes 19,878 15.047
Subtotal 164,984 146,454
Audit Fees 1,150 2,500
GRANTS
American Legion Baseball_ 1,500
MN American Legion Fund- - -- 200
American Legion Boys State 570 570
Youth Sports 5,525 5,700
Children's Events 540 486
Veterans Funds 280 575
Salvation Army -- 100
Hopkins School Programs 1,610 975
Scholarships 900 900
Scouting 254 260
Legionville 150 960
Aid for Handicapped 500
Hopkins Optimists 100 100
Prodigal House 100
VA Medical Center 625
St. Joseph's Church 4,000
Community Services 780
Armed Forces Senior Center 100
Army National Guard 250
Hopkins Fire Department 100
Juvenile Diabetes Foundation 100
Korean War Memorial 150
Marrow Donor Program 90
Special Olympics 150
Sudden Infant Death Syndrome 250
Flag Programs 326 234
Total 18,850 11,160
Board Approved Expenditures 68.339 44.210
Total Lawful Purpose Expenditures $ 253.323 $ 204 324
11
1996 1995
Lawful Gambling Fund of
Hopkins American Legion Post #320
(License #A- 00225)
Regulatory Checklist Questionnaire
For the Year Ended December 31. 1996
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.
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 all rent for the lease of premises in
accordance with its lease agreements.
12
Yes
Yes
N/A
Yes
Yes
Yes
No
NIA
N/A
Officers and Members of
Hopkins American Legion Post #320
Hopkins, Minnesota
Dear Officers and Members:
In planning and performing our audit of the financial statements of the Lawful Gambling
Fund of Hopkins American Legion Post #320 for the year ended December 31, 1996,
we considered its internal control structure. Compliance with laws and regulations
applicable to the Gambling Fund is the responsibility of the Post's Gambling Fund
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 a part of 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. We did not observe any
matters that we consider to be reportable conditions under standards established by
The American Institute of Certified Public Accountants. Reportable conditions involve
matters coming to our attention relating to significant deficiencies in the design or
operation of the internal control structure that, in our judgment, could adversely affect
the Organization's ability to record, process, summarize, and report financial data
consistent with the assertions of management in the financial statements.
During late 1995 and early January, 1996, it was observed that the Post
occasionally used a signature stamp on gambling fund checks. This practice
was discontinued in January, 1996. No problems were observed after February,
1996.
This report is intended solely for the information and use of the Hopkins American
Legion Post #320 and for the filing with the State of Minnesota. However, this report is
a matter of public record and its distribution is not limited.
:&o&td
Edward J. Neppl
Eagan, Minnesota
July 22, 1997
EDWARD J. NEPPL
CERTIFIED PUBLIC ACCOUNTANT
Town Centre Professional Bldg., Suite #103
1260 Yankee Doodle Road, Eagan, Minnesota 55121
612- 688 -8604 Fax 612 - 688 -0010
13
DARRELL E. RODENZ
Licensed Public Accountant
551 West 78` Street
P.O. Box 254
Chanhassen, MN 553127
Office: (612) 934 -1347
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
FINANCIAL STATEMENTS
REGULATORY BASIS
AND INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED:
DECEMBER 31, 1995
MINNESOTA LAWFUL GAMBLING LICENSE A -00225
FEDERAL TAX IDENTIFICATION NUMBER 41- 6031923
PREPARED BY:
D
E
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
TABLE OF CONTENTS
FOR THE YEAR ENDED:
DECEMBER 31, 1995
PAGE
INDEPENDENT AUDITOR'S REPORT 1
STATEMENTS OF ASSETS, LIABILITIES, AND 3
FUND BALANCE - REGULATORY BASIS
STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN 4
FUND BALANCE - REGULATORY BASIS
NOTES TO THE FINANCIAL STATEMENTS 6
INDEPENDENT AUDITOR'S REPORT 8
ON SUPPLEMENTARY INFORMATION
ANALYSIS OF ALLOWABLE EXPENSES - REGULATORY BASIS 9
OTHER LAWFUL PURPOSE EXPENDITURES - REGULATORY BASIS 10
RECONCILIATION OF GAMES USED - REGULATORY BASIS 11
RECONCILIATION OF PROFIT CARRY -OVER - REGULATORY BASIS 12
LETTER OF REPORTABLE CONDITIONS 14
Board of Directors
Hopkins American Legion Post #320
Hopkins, Minnesota
DARRELL E. RODENZ, L.P.A.
ACCOUNTANTS AND AUDITORS
551 WEST 78 STREET
CHANHASSEN, MN 55317
TELEPHONE: (612) 934-1347
INDEPENDENT AUDITOR'S REPORT
We have audited the accompanying statement of assets, liabilities and fund balances -
regulatory basis of the lawful gambling fund of Hopkins American Legion Post #320 as of
December 31, 1995 and the related statements of revenues, expenses and changes in profit
carry-over - regulatory basis for the year then ended. These financial statements are the
responsibility of the Organization's management. Our responsibility is to express an
opinion on these financial statements based on our audit.
Except as discussed in the following paragraphs, 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. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion.
We were able to satisfy ourselves as to inventory quantities as of December 31, 1995 for
pulltabs using altemative procedures.
As described in Note 2, these financial statements were prepared in conformity with the
accounting practices prescribes 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.
1
INDEPENDENT AUDITOR'S REPORT
(continued)
In our 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
American Legion Post #320 as of December 31, 1995 and the results of its operations and
its changes in profit carry -over for the year then ended on the regulatory basis of
accounting described in Note 2.
This report is intended solely for the information and use of the Board of Directors,
members and management of Hopkins American Legion Post #320 and for filing with the
Department of Revenue of the State of Minnesota and should not be used for any other
purpose.
•
nee
Chanhassen, Minnesota
May 23, 1996
2
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCE
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995 AND 1994
ASSETS 12/31/95 12/31/94
CASH
Game Starting Bank 6,000 4,654
Gambling Bank Account 92,537 36,178
Total Cash 98,537 40,832
INVENTORY
Prize Inventory
Game Inventory
Total Inventory
780 255
1,886 1,975
2,666 2,230
OTHER ASSETS
Fund Loses Receivable 0 0
Due from General Fund 0 0
Total Other Assets 0 0
TOTAL ASSETS 101,203 43,062
LIABILITIES
Accrued MN 10% Gambling Tax 9 0
Accrued Combined Receipts Tax 8,085 6,030
Unpaid Cost of Game 1,284 2,422
Unpaid Prize Inventory 165 589
Due to General Fund 0 9,262
Total Liabilities 9,543 18,303
FUND BALANCE
Profit Carryover 91,660
TOTAL LIABILITIES & FUND BALANCE
See Notes to Financial Statements
3
101,203
24,759
43,062
HOPKINS AMERICAN LEGION POST #3
LAWFUL GAMBLING FUND
STATEMENT OF REVENUE, EXPENSES AND CHANGES
REGULATORY BASIS
FOR THE YEARS ENDED DECEMBER 31, 1995
REVENUES
Pulltab Receipts
Bingo Receipts
Raffle Receipts
Tipboard Receipts
Paddle Wheel Receipts
Interest Income
REVENUES COLLECTED
Pulltab Prizes
Bingo Prizes
Raffle Prizes
Tipboard Prizes
Paddle Wheel Prizes
COST OF REVENUES
20
IN FUND BALANCE
AND 1994
12/31/95 % 12/31/94
1,975,512 99.5 1,357,156 99.0
0 0
0 0
9,120 .5 6,750 .5
O 7,500 .5
202 0 0 0
1,984,834 100.0 1,371,406 100.0
1,639,806 82.6 1,117,194 81.5
O 0
0 0
4,560 .2 3,375 .2
O 8,088 .6
1,644,366 82.8 1,128,657 82.3
340,468 17.2 242,749 17.7
115,498 5.9 100,634 7.3
GROSS PROFIT
ALLOWABLE EXPENSES
REVENUES IN EXCESS OF ALLOW. 224,970 11.3 142,115 10.4
EXPENSES
LAWFUL PURPOSE EXPENDITURES
Gambling Taxes:
State Ideal 2% Gamble Tax 50,495 2.5 33,378 2.4
State 10% Tax 20 0 0 0
State Combined Rcpts. Tax 75,847 3.8 36,329 2.7
Federal Gambling Tax 4,995 .3 3,353 .2
Federal 11 -C Stamp Tax 50 0 50 0
TOTAL GAMBLING TAXES 131,407 6.6 73,110 5.3
Audit Fees 2,500 .1 1,450 .1
Real Estate Taxes 15,047 .8 9,000 .7
Donations 11,160 .6 2,532 .2
TOTAL LAWFUL PURP. EXP. 28,707 1.5 12,982 1.0
4
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND BALANCE
REGULATORY BASIS
FOR THE YEARS ENDED DECEMBER 31, 1995 AND 1994
(CONTINUED)
12/31/95 % 12/31/94 °s
EXCESS (DEFICIT) OF REVENUE 64,856 3.2 56,023 4.1
AFTER LAWFUL PURPOSE EXP.
BOARD APPROVED EXPENDITURES 44,210 2.2 40,420 3.0
REV. IN EXCESS OF EXPENSES 20,646 1.0 15,603 1.1
PROFIT CARRY -OVER - 24,759 9,156
Beginning of Year
STATE APPROVED ADJUSTMENT 0 0
REIMBURSEMENT OF GAMBLE FUND 46,255 0
PROFIT CARRY -OVER - 91,660 24,759
End of Year
5
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1995
NOTE 1 NATURE OF ORGANIZATION
The organization commenced lawful gambling to increase its program services and,
thereby, better serve the City of Hopkins, its surrounding community, and worldwide
interests. During the year ended December 31, 1995, the organization conducted a pulltab
and tipboard operation at its location.
NOTE 2 BASIS OF PRESENTATION
Regulatory basis of accounting is the basis of accounting prescribed by the State of
Minnesota, which is a comprehensive basis of accounting other than the 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 the games and state combined receipts tax are expensed when paid. In addition, under
the accrual method, state ideal gambling taxes are prepaid upon purchase and expensed
during the period the game is used. Under the regulatory method state ideal gambling
taxes are expensed when paid.
NOTE 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Game Banks - Game Banks consist of imprest amounts which are used to fund open play
of pulltab games at December 31, 1995,
Inventorie - Inventories consist of the vendor cost of the games purchased. State
gambling taxes and sales taxes paid upon purchase of the games are not included in
inventories. At December 31, 1995 there were 45 pulltab and 30 tipboard games in
inventory.
NOTE 4 RELATED PARTY TRANSACTIONS
A number of the donations which the organization makes a part of its Other Lawful
Purpose Expenditures are to programs over which the Organization and/or members of
the organization have significant control. These programs and the amounts they received
for the year ended December 31, 1995 are detailed in the supplementary included with
these financial statements.
6
NOTE 5 INCOME TAXES
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.
NOTE 6 CONTINGENT LIABILITY OF UNRELATED BUSINESS INCOME
TAXES
When the organization prepares its federal unrelated business income tax returns it will
treat certain lawful purpose expenditures, including Board- approved expenses, as Section
162 business expenses, as it is the lawful gambling industry practice to do so. The Internal
Revenue Service may take the position that not all lawful purpose expenditures are
deductible.
The Internal Revenue Service is expected to issue a technical position to resolve the
matter nationwide. If the Internal Revenue Service's position is to disallow certain
deductions, the organization unrelated business income for the year ended December 31,
1995 could be increased.
NOTE 7 COMMITMENTS
The organization owns its own building where they conduct lawful gambling activities
within the City of Hopkins. They are required to make monthly mortgage payments to
First Bank, 16 Ninth Avenue North, Hopkins, MN 55343.
NOTE 8 GAMES TESTED AND RESULTS
A total of 20 pulltab games were tested, of which 17 had unsold tickets and 3 were
buyouts. None of the games tested had material differences.
7
Board of Directors
Hopkins American Legion Post #320
Hopkins, MN
D
1
k .
Chanhassen, Minnesota
May 23, 1996
DARRELL E. RODENZ
AUDITORS AND ACCOUNTANTS
551 WEST 78 STREET
CHANHASSEN, MN 55317
TELEPHONE (612) 934 -1347
8
INDEPENDENT AUDITORS REPORT ON ADDITIONAL INFORMATION
Our report on our audit of the basic financial statements of the Lawful gambling fund of
Hopkins American Legion Post #320 for the year ended December 31, 1995 appears on
page one. The audit was made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The Supplementary information on the following
pages are 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 audits of the basic financial statements and, accordingly, we
express no opinion on it.
ALLOWABLE EXPENSES
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
ANALYSIS OF ALLOWABLE EXPENSES
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995
See Accountant's report on Supplementary Information
Cost of Games Used 35,104
Compensation and Payroll Taxes 65,606
Accounting Fees 8,947
Supplies /Miscellaneous 2,747
Rent 0
Equipment and Maintenance 7
Interest and Penalty 0
Bond License and Fees 920
Cash Shortages 2,167
TOTAL ALLOWABLE EXPENSES 115,498
Gross Profit for the Year 340,468 x 50% = 170,234
Gross Profit - Bingo 0 x 4% = 0
STATUTORY ALLOWABLE EXPENSE LIMIT 170,234
STATUTORY LIMIT IN EXCESS OF
ALLOWABLE EXPENSES - Current Year 54,736
BEGINNING CUMULATIVE MAXZIMUM LIMIT
IN EXCESS OF ALLOWABLE EXPENSES 238,208
ENDING CUMULATIVE MAXIMUM LIMIT
IN EXCESS OF ALLOWABLE EXPENSES 292,944
9
HOPKINS AMERICAN LEGION POST #320
OTHER LAWFUL PURPOSE EXPENDITURES
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995
See Accountant's Report on Supplementary Information
Programs over which the organization and/or its affiliates and /or its members have significant
control.
Lawful Donations Amount
Babe Ruth Baseball 150
Boy Scout Troop #695 60
Children's Easter Party Gift 86
Children's Fishing Contest 400
Flag Books For Elementary School 90
Flags 67
Flags For Veterans Graves 77
Hopkins /Mtks Babe Ruth League 350
Hopkins Area Little League 3,350
Hopkins Boy Scouts 100
Hopkins Girls Slow Pitch Softball 250
Hopkins High School Athletics Department 300
Hopkins High School Hockey Club 75
Hopkins High School Youth Athletics 300
Hopkins Millers Little League Baseball 200
Hopkins Optimists Youth Car Project 100
Hopkins School District #270 200
Hospitalized Veterans Fund 500
Katherine Curry School 100
Legionville 960
MN American Legion Fund 200
MN Boys State 570
Mtka Big Willow League 300
Prodical House 100
Scholarships 900
The Salvation Army 100
Vietnam Veterans Memorial Fund 75
Viking Council For Scouting 100
West Metro Girls Volleyball 500
West Suburban Golden Gloves 100
West Wind Metro Volleyball 500
TOTAL DONATIONS 11,160
10
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
RECONCILIATION OF GAMES USED
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995
See Accountant's Report on Supplementary Information
Amount
Number
of Games
PULLTABS
COST OF GAMES USED
Beginning Inventories 1,800 43
Purchases 34,312 791
Games Available 36,112 834
Less Ending Inventories ( 1,811) ( 45)
Games Used 34,301 789
RECONCILIATION OF GAMES USED
Games Used Per Books Above
Games reported on Schedule B and /or B -2
DIFFERENCE
RECONCILIATION OF GAMES USED
Games Used Per Book Above
Games reported on Schedule B and /or B -2
11
789
789
0
TIPBOARDS
COST OF GAMES USED
Beginning Inventories 175 70
Purchases 703 264
Games Available 878 334
Less Ending Inventories ( 75) ( 30)
Games Used 803 304
304
304
DIFFERENCE 0
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
RECONCILIATION OF PROFIT CARRY -OVER
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995
See Accountant's Report on Supplementary Information
ADDITIONS
Cash in Starting Bank 6,000
Cash in Gambling Checking Accounts 92,537
Ending Prize Inventory 780
Ending Game Inventory 1,886
Fund Losses Receivable 0
Due From General Fund 0
TOTAL ADDITIONS 101,203
SUBTRACTIONS
Accrued MN 10% gambling tax 9
Accrued Combined Receipts Tax 8,085
Unpaid Cost of Prizes 165
Unpaid Cost of Games 1,284
Due to General Fund 0
TOTAL SUBTRACTIONS 9,543
PROFIT CARRYOVER FROM FINANCIAL STATEMENTS 91,660
PROFIT CARRYOVER FROM MN. DEPT. OF REVENUE 90,827
VARIANCE 833
12
Gross Revenue
Interest Income
LESS:
Cash (over) /short
Prizes
Allowable Expenses
Lawful Purpose Exp.
Board Approved Exp.
Excess (Deficit of Revenue)
Over Expenses
Beginning Profit Carryover
Reimbursement
Ending Profit Carryover
HOPKINS AMERICAN LEGION POST #320
LAWFUL GAMBLING FUND
RECONCILIATION OF PROFIT CARRY -OVER
REGULATORY BASIS
FOR THE YEAR ENDED DECEMBER 31, 1995
See Accountant's Report on Supplementary Information
(Continued)
Financial
Statements
1,984,632
202
2,167
1,644,366
113,331
160,114
44,210
20,646
24,759
46,255
91, 660
13
MN Dept.
of Revenue Variance
1,984,632
202
3,515
1,644,366
113,378
160,114
44,210
19,251
0
0
( 1,348)
0
( 47)
0
0
1,395
71,576 ( 46,817)
0 46,255
90,827 833
Board of Directors
Hopkins American Legion Post #320
Hopkins, Minnesota
In planning and performing our audit of the financial statements of the lawful gambling
fund of Hopkins American Legion Post #320 for the year ended December 31, 1995 we
considered its internal control structure in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial statements and not to provide
assurance on the internal control structure. However, we noted certain matters that we
consider to be reportable conditions under standards established by the American Institute
of Certified Public Accountants. Reportable conditions involve matters coming to our
attention relating to significant deficiencies in the design or operation of the internal
control structure that, in our judgment, could adversely affect the organization's ability to
record, process, summarize, and report financial data consistent with the assertions of
management in the financial statements.
This report is intended solely for the information and use of those within Hopkins
American Legion Post #320 and for filing with the State of Minnesota.
Chanhassen, Minnesota
May 23, 1996
DARRELL E RODENZ, L.P.A.
AUDITORS AND ACCOUNTANTS
551 WEST 78"' STREET
CHANHASSEN, MN 55317
TELEPHONE (612) 934 -1347
14
Bank Balance Jan., 1, 1996
Receipts:
Pull Tabs
Tip Boards
Interest Income
Misc. Expenses Paid:
Supplies (Pull tabs) 2,410.53
Mortgage 3,713.00 -.e.-1-0-4
Office & Misc. supplies 85.72
Chair for pull tab booth 112.00
Raffle Items 165.00
Acct'g Service 500.00
Pay Roll 3,402.44
Bank Charges 79.03
Taxes Paid: a -Jz.
Feder -a I *a -x -- 1,703.83
Wagering Tax 415.47
Gross Receipts tax 3,353.08
Combined Receipts tax 8,093.63
CF c+-ar wI t 405.75
�tatP U C-. 38.49
ed r ax 37.02
Donations: .P„.1-,2.2. P� w
School Patrol (12 kids)
Legionville contribution
Cash on Hand
Accounts Payable: Lucky 7 Gambling
Taits super valu
GAMBLING REPORT FOR JAN, 1996
$27,666.00
270.00
42.75
960.00
150.00
4,800.00
7,851.84
180.00
17,634 16,705 22,865
-5.3% +36.9%
+38.5%
10,467.72
14,047.27
31,658
1,110.00
$91,769.99
27,978.75
25,624.99
Bank balance Jan 31, 1966 94,123.75
8,031.84
Mortgage Balance Feb. 1, 1996 153,897.50
Receipts Comparison for Jan. 1992 - 1996
Jan 1992 Jan 1993 Jan 1994 Jan 1995
Jan 1996
27,936
- 11.8%
Bank balt►ed Feb 1, 1996
RECEIPTS:
Pull Tabs
TipBoards
Repay from bar for raffle -
overpayment
MISCELLANEOUS EXPENSES PD:
Supplies (P1411 tabs)
Mortgage
Raffle items
Office supplies
Workman's comp. ins.
Acct'g Service
Freezer for raffle meat
Pull tab boxes (2)
Pay Roll
Bank charges
TAXES PAID: P '
Gross receipts tax
Combined receipts tax
Sales--t-ax
Wagering tax
e tatt,e w�- h—ta -x
Ffidenal.._w /h_tax
DONATIONS: 4,. /
Teens Alone
Ridgedale YMCA
Armed Forces Service Ctr.
BANK BALANCE FEB. 29, 1996
CASK ON HAND
Acct's payable:
Lucky 7 gambling
Taits Super Value
Mortgage balance March , 1996
GAMBLING REPORT FOR FEB, 1996
$28,490.50
510.00
Receipts comparison for Feb, 1992 - 1996:
Feb '92 Feb '93
25,881
Gambling Mgr
r Maier l cZic l/C/
20,102
-22.3%
4.58
2,893.06
3,713.00 f
180.00
229.20
1,009.00
500.00'
200.00
200.00
3,757.17
4,557.72
9,294.01
201.06
3'8 6..-9 6
264.39
1,067.02
50 MO
200.00
10 0':'J 0
6,656&3
7,544.41
120.00
7,664.41
Feb '94
22,865
+13.7%
12,681.43
15,771.16
350.00
Feb !95
27,961
+22.3%
$94,123.75
29,005.08
28,802.59
94,326.24
151,430.21
Feb '96
29,000
+3.7%
Bank Balance March 1, 1996
RECEIPTS:,
Pull Tabs
Tip Boards
MISC. EXPENSES PAID:
Supplies (Pull tabs) 2,883.97
Mortgage 3,713.00 V.r. V,
Office Supplies 272.59
Acc'tg Service 500.00
Raffle Items 195.00
Pay Roll 3,657.75
TAXES PAID: d P•
Combined Receipts Tax
Gross Receipts Tax
\‘‘.. Wagering Tax
ederal W/H Tax
State W/H Tax
Sales Tax
Bank Balcne March 31, 1996
March '92
Gambling Mgr.
Ery Maier
GAMBLING REPORT FOR MARCH 1996
$39,350.00
690.00
11,155.38
4,472.96
464.81
1,191.69
295.67
187.48
DONATIONS PAID: . P,
3 Boys Staters 570.00
Bike - Easter Egg Hunt 95.84
Mtka Big Willow Little League 350.00
Hopkin6 West Jr. Hi Band 100.00
Currenival '96 (elem school) 100.00
Boy Scouts of America 100.00
Troop 347 Boy Scouts 53.84
Hopkins Sr. Babe Ruth Baseball 1,200.00
Cash on Hand 7,548.00
ACCODNTS PAYABLE.
Lucky 7 Gambling 5,467.74
Taits 240.00
General office Products 155.00
March '93 March '94
11,222.31
17,767.99
2,569.68
5,862.74
Mortgage Balance April 1996 148,863.87
RECEIPTS COMPARISON FOR MARCH 1992 - 1996
$94,326.24
40,040.00
31,559.98
102,806.26
March '95 March '96
23,407 23,433 964 29,520 40,040
+.1% shut doe +35.6%
Bank Balance April 1, 1996
RECEIPTS:
Pull Tabs
Tip Boards
MISCELLANEOUS EXPENSES PD:
Supplies (pull tabs)
Mortgage
Office supplies
Raffle items
Acct'g Service
Pay roll
TAXES PAID: ,. G.
Gross receipts tax
Combined receipts
6 ales tax
tate W/H Tax
ed. W/H tax
Wagering Tax
( State U.C. Tax
Fed. U. C. Tax
DONATIONS: c e, P.
Flags for Vets graves
Sponsor Youth for road
derby
TOTAL PAID OUTS:
Bank Balance April 30, 1996
Cash on Hand
Acct's Payable:
Lucky 7 Gambling
Henn. Co. R. E. Taxes
Taits
Legion Baseball
Siding
Mortgage Balance May 1, 1996
Apr. '92
16,415
Gambling Manager
Ery Maier
GAMBLING REPORT FOR APRIL 1996
18,600
+13.3%
$28,630.00
690.00
2,040.46
13,713.00 j% 9 '
155.00
517.87
500.00
3,386.95
3,294.64
12,801.72
132.64
282.52
1,151.89
533.40
28.09
112.37
74.50
100.00
4,977.00
8,819.14
9,939.38
270.00
3,000.00
8,783.50
30,812.02
RECEIPTS COMPARISON FOR APRIL 92 - 96
Apr '93 Apr '94
21,076
+
$20,313.28
18,337.27
174.50
$136,355.84
Apr '95
33,410
+58.5%
$102,806.26
29,320.00
38,825.05
93,301.21
Apr '96
29,320
- 12.2%
Bank Balance May 1, 1996 $93,301.21
NET RECEIPTS:
Pull Tabs
Tip Boards
MISC EXPENSES PAID:
Supplies (Pull tabs) 3,415.06
Mortgage 3,713.00 - P
Acct'g Service 500.00
Office Supplies 39.41
Repair & Maintenance 84.42
Raffle Items 270.00
Pay Roll 5,470.86 mttivrai
Panelcraft (Siding) 8,783.50 .JA"^"S
$22,276.25
TAXES PAID: 4 /
Gross receipts tax
Combined receipts tax
Real Estate Tax
Fed. W/H tax
State W/H tax
ales Tax
Wagering tax
DONATIONS PAID: 0Z• P.
Crime Prevention
Youth Softball (Girls)
Ed. program for 9th grade
Youth Deca program
Music program/Jr. Hi
Nat'l Guard program
Am. Legion Baseball
Flags for Schools
Diabetes Research
Total Paid Outs
Bank Balance May 31, 1996
CASH ON HAND
$18,488
Gambling Man ;ger
cz G , EZ :
ry Maier
GAMBLING REPORT FOR MAY, 1996
$29,506.00
690.00
5,182.08
10,467.54
9,939.38
1,019.19
245.79
222.00
436.14
130.00
350.00
50.00
50.00
100.00
250.00
1,500.00
175.00
100.00
6,971.00
ACCOUNTS PAYABLE: Lucky 7 Gambling $10,028.02
Taits 225.00
Gen'l Office Products 64.92
Am. Lrgion Baseball 1,500.00
16,007 15,034
-13.4% -6.1%
27,512.12
2,705.00
11,817.94
'Mortgage Balance June 1, 1996 $133,789.29
REceipts Comparison for May 1992 - 1996
May '92 May '93 May '94
30,196.00
52,493.37
71,003.84
May '95 May '96
30,173 30,196
+100.6% +.08%
Bank Balance June 1, 1996
TAXES PAID: P.
\ Combined Receipts tax
\ Gross Receipts tax
\ \\ Sales tax
Wagering tax
Fed. W/H tax
State W/H tax
Bank Balance June 30, 1996
June '92
$17,258
NET RECEIPTS:
Pull Tabs
Tip Boards
MISCELLANEOUS EXPENSES PAID:
Supplies
Audit (1995)
ACM Convention Rooms
Office Supplies
Raffle Items
Accounting Service
Fan for Gaming Office
Stamps
Mortgage
Pay Roll
DONATIONS: ce. P.
Aviary Fund (10th Dist)
Am. Legion baseball
Sponsor 3 Little League
Teams
GAMBLING MANAGER
�v-
Mai�� =_Y - - "
June '93
$18,858
+9.3%
GAMBLING REPORT FOR JUNE 1996
$32,086
570
3,783.00
2.300 . 0 0 00
64.92
225.00
500.00
13.83
32.00
3,713.00 1 4
3,651.94
11,313.06
5,999.12
245.90
1,021.37
1,662.82
383.01
100.00
1,500.00
1,150.00
CASH ON HAND $ 5,612.00
Accounts Payable: Lucky 7 Gambling 6,634.58
General Office Prod. 179.90
Taits 135.00
MORTGAGE BALANCE JULY 1, 1996 $131,118.13
RECEIPTS COMPARISON FOR JUNE 1992 - 1996
June '94
$14,601
-22.5%
14,585.69
20,625.28
2,750.00
$6,949.48
June '95
$28,391
+94.5%
$71,003.84
32,656.00
103,659.84
37,960.97
$ 65,698.87
June '96
$32,656
+15.0%
BANK BALANCE JULY 1, 1996
NET RECEIPTS:
Pull Tabs
Tip Boards
MISCELLANEOUS EXPENSES PAID:
Supplies (pull tabs)
Mortgage
Raffle items
Office supplies
Acct'g service
Pay roll
TAXES PAID: ,e, /.
Combined receipts tax
Gross receipts tax
Sales tax
Fed. W/H tax
State W/H tax
Wagering tax
ed. U. C. Tax
tate U.C. tax
BANK BALANCE JULY 31, 1996
Cash on Hand $6,319.00
Acc'ts payable:Lucky 7 gambling
Taits Supervalu
MORTGAGE BALANCE AUG.I
Receipts comparison for
July '92 July '93
$21,212 $17,189
-19.0%
GAMBLING REPORT FOR JULY, 1996
1996
July 1992 -
July '94
$21,562
+25.4%
$32,390.00
930.00
2,605.46
3,713.00 „ - P '
548.44
181.91
500.00
3,358.51
10,671.84
3,859.76
169.36
1/143.63
267.64
444.66
88.05
32.05
DONATIONS: .,° p
Flags for schools 32.50
Mobility Plus (elec'.'w /chair) 500.00
Hopkins fire dept.(chil. prog) 100.00
$4,958.72
225.00
$ 5,183.72
1996
July '95
+4.3%
ANNUAL SALES AND NET RECEIPTS COMPARISON;
GROSS SALES
Year ending 6/30/92 1,541,823
Year ending 6/30/93 1,457,903
Two years above included Paddle Wheel
Year ending 6/30/94 1,255,843
Only 11 months and no paddle wheel
Year ending 6/30/95 1,851,003
Year ending 6/30/96 2,066,664
Gambling Manager
Ery Maier
$22,493 $33,320
+48.1%
10,907.32
16,676.99
632.50
$128,432.22
July '96
PRIZES PAID
1,278.226
1,217,454
1,041,866
1,521,662
1,719,181
NET RECEIPTS
263,597 17.0
240,449 16.4
213,977 17.0
329,354
347,473
$65,698.87
33,320.00
99,018,87
28,216.81
$70,802.06
17.7
16.8
Bank balance Aug. 1, 1996 $70,413.69
NET RECEIPTS:
Pvll Tabs $27,653.00
Tip Boards 720.00
MISCELLANEOUS EXPENSES PAID:
Supplies 1,748.60
Phone 315.00
ACM Dues 200.00
Accounting Service 500.00
Mortgage 3,713.00 �' �
Raffle Items 225.00
Convention Reg. 735.00
Pay Roll 3,421.80
TAXES PAID De. O
Gross Receipts Tax
Sales Tax
Federal W/H Tax
tate W/H Tax
Wagering Tax
DONATIONS PAID: 0 P.
Scholarship (K. Jewett)
Special Olympics
Youth Athletic Prog. Hopkins H.
St. Joseph Church
Gambling Manager
g
.
Ery Maier
GAMBLING REPORT FOR AUG., 1996
3,096.48
113.64
1,229.75
254.41
486.55
400.00
150.00
75.00
2,500.00
Cash on Hand 4,800.00
Accounts Payable: Lucky 7 Gambling 7,662.57
Taits 240.00
Gen. Office Prod., 42.42
Henn. Co. Treas. 9,939.38
RECEIPTS COMPARISON FOR AUG. 1991 - 1996
10,858.40
5,180.83
3,125.00
Bank Balance Aug. 31, 1996 79,622.46
17,884.37
Mortgage Balance Sept. 1, 1996 $125,758.81
Jan. through Aug. 1996, we have paid $30,586.16 on the mortgage.
Aug. '91 Aug. '92 Aug. '93 Aug. '94 Aug. '95 Aug. '96
23,996 20,565 17,903 19,749 25,346 28,373
- 14.3% - 12.9% +10.3 % +28.3% +11.9%
28,373.00
19,164.23
Bank Balance Sept. 1, 1996
NET RECEIPTS:
Pull Tabs
Tip Boards
GAMBLING REPORT FOR SEPT., 1996
$24,874.00
630.00
ALLOWABLE EXPENSES PAID:
Supplies (Pull Tabs) 3,144.97
Mortgage .8,713.00 f- P
Office Supplies 111.10
Raffle Items 240.00
Acct'g Service 500.00
Pay Roll 3,417.19
Dispensing box 100.00
LAWFUL PURPOSE EXP PAID:
Gross': Receipts Tax
/Fed W/H Tax
State W/H Tax
Wagering Tax
Bank Balance Sept. 30, 1996
Cash on Hand $4,800.00
Accounts Payable:Lucky 7 Gambling
Real Estate Taxes
Taits
Gen'l Office Products
Hopkins Football Boosters
Johnson Bros Liquor
TOTAL
Mortgage Balance Oct. 1, 1996
Sept. '91
23,902
Gambling Manager
Ery Maier
Sept. '92 Sept. '93
18,237 17,320
-23.7% -5%
4,417.60
1,179.72
255.92
379.82
DONATIONS PAID: de. /.
St. Joseph's Catholic Church 1,500.00
Hospitalized Vets (pheasant) 30.00
Mn Korean War Vets Mem. 150.00
Sudden Infant Death Syn. 250.00
VA Medical Ctr. (Cmdr's proj) 500.00
Receipts Comparison for Sept., 1991 - 1996
$7,706.95
9,939.38
225.90
27.00
300.00
346.49
$ 18,544.82
26,176
+51.1%
$16, 22646
Sept. '94
6,233.06
2,430.00
27,889
+6.5%
$79,622.46
25,504.00
$ 24,889.32
80,237.14
$118,063.76
Sept. '95 Sept'
25, 50-
-8.6%
Bank Balance Oct. 1, 1996
Net Receipts:
Pull Tabs
Tip Boards
Allowable Expenses Paid:
Supplies (pull tabs) 3,201.03
Raffle Items 571.49
Office Supplies 27.00
Accounting Service 500.00
Maintenance & Repair 12.61
Shredding old pull tabs 796.50
Mortgage 3;713.00 0
Pay Roll 3,505.56
Lawful Purpose Expenses Paid:
Gross Receipts Tax
Real Estate Tax
Fed. W/H Tax
State W/H Tax
Federal U. C. Tax
State U. C. Tax
Combined Receipts Tax
Wagering Tax
Donations Paid: d; P.
Hi School Athletic Dept.
Pierson Scholarship
Hospitalized Vets
Disabled Persons
Student Development(theDepot)
Children Halloween Party
Bank Balance Oct. 31, 1996
Cash on Hand
Accounts Papyable: Lucky 7 Gambling 8,682.51
Taits 225.00
Gen'1 Office supply 150.75
Mortgage Balance Nov. 1, 1996 $115,314.76
22,418 20,258 18,693 26,827 32,305
-9.6% -7.7% +43.5% +20.4%
Six (6) year average $24,422
Gant :t i ng Manag
Ery Maier zL O, 2t'
GAMBLING REPORT FOR OCT, 1996
4,800.00
$80,237.14
25,249.00
780.00 '26,029.00
4,475.92
9,939.38
1,162.65
249.12
46.13
21.34
156.00
402.22
300.00
500.00
25.00
150.00
300.00
152.18
9,058.26
12,327.19
16,452.76
1,427.18
Total Paid Outs 30,207.13
Receipts Comparison for October 1991 - 1996
Oct. '91 Oct '92 Oct '93 Oct '94 Oct '95 Oct '96
26,029
- 19.4%
76,059.01
BANK BALANCE NOV. 1, 1996
NET RECEIPTS:
Pull Tabs
Tip Boards
Tiny ' Ql
18,248.00
Gambling Manager
Ery Maier
Nnv
GAMBLING REPORT FOR NOV, 1996
31,745.00
810.00
ALLOWABLE EXPENSE:
Supplies (pull tabs) 3,547.55
Raffle Items 225.00
Office Supplies 159.75
Accounting Service 775.00
Mortgage 3,713.00 Q
Gambling Seminar (Cam.) 288.29
ACM Convention & Expo Exp. 979.50
Pay Roll 5,849.63
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax 5,134.96
Combined Receipts Tax 3,503.34
Wagering Tax 437.91
State W/H Tax 379.82
Federal W/H Tax 1,785.88
DONATIONS PAID: a° P.
Nar'l Emblem Sales (Flags) 44.77
Fund for hospitalized Vets 250.00
Teen Alone 100.00
Homeward Bound 150.00
Wev ,'93.
17,699.00 20,617.00
-3.0% +16.4%
15,537.72
11,241.91
544.77
TOTAL PAID OUTS 27,324.40
BANK BALANCE NOV. 30, 1996 81,289.61
CASH ON HAND $6,503.00
ACCOUNTS PAYABLE:Lucky 7 Gambling 7,222.36
Taits 315.00
General Office Products 49.00
$7,586.36
Mortgage Balancw Dec. 1, 1996 $ 112,577.08
RECEIPTS COMPARISON FOR NOV. 1991 - 1996
FEY" _ , 1 9 4
25,255.00
+22.4%
$76,059.01
32,555.00
Voir , ' 95 Nny. , ' 9''
26,734.00 32,555.
+5.8% +21.7%
Bank Balance Dec. 1, 1996 $81,289.61
Net Receipts:
Pull Tabs
Tip Boards
Allowable Expenses Paid:
Supplies (pull tabs) 2,993.48
Raffle Items 677.26
Office Supplies 98.04
Acct'g Service 500.00 P
Mortgage 37123300'.
Pay Roll 3.697 16
Lawful Purpose Expenses Pd:
G Gross Redeipts Tax
Combined Receipts Tax
Wagering Tax
( Federal W/H Tax
State W/H Tax
Donations Paid: o; A
Children's Xmas party
Marrow Donor Program
Wrestling Booster club
Girl's youth softball
Girl Scouting
Dec. '91
18,275
Gambling Manager
Ery Maier
Dec., '92
21,157
+15.8%
GAMBLING REPORT FOR DEC., 1996
28,006.00
840.00
4,228.88
7,623.66
497.77
1,222.45
273.45
292.31
90.00
500.00
100.00
100.00
Dec., '93
11,639.14
13,846.21
1,082.31
TOTAL PAID OUT
Bank Balance Dec. 31, 1996
Mortgage Balance January 1, 1997 102,728,96
RECEIPTS COMPARISON FOR DEC. 1991 - 1996
22,598 27,962
+6.8% +23.7%
28,846.00
26,567.66
83,567.95
Dec., '94 Dec., '95 Dec.
22,738 28.8'
- 18.7% x-26,9
Bank Balance Jan.1, 1997 $83,567.95
NET RECEIPTS:
Pull Tabs
Tip Boards
ALLOWABLE EXPENSES PAID:
Supplies (pull tabs) 3,104.08
Raffle Items 270.00
Accounting Serv. 500.00 Q
Mortgage 3,713.00 x-
Pay Roll 4,271.57
LAWFUL PURPOSE EXPENSES PAID:
Gross Receipts tax
Combined receipts tax
Wagering tax
f Fed. W/H tax
State W/H tax
Mn. U. C. tax
DONATIONS PAID: �° P
Tanglen PTA (playground)
Legionville (12 children -
(school patrol)
Mortgage balance Feb. 1, 1997 $106,904.15
Gambling Manager
. La' ?�L L C/1✓
Ery Maier
GAMBLING REPORT FOR Jan., 1997
29,680.00
390.00 30,070.00
4,798.80
10,639.80
458.26
1,168.11
266.47
17.02
500.00
960.00
11,858.65
17,348.46
1,460.00
Bank Balance Jan. 31, 1997 82,970.84
RECEIPTS COMPARISO NS FOR JAN. 1997
Jan '92 Jan '93 Jan '94 Jan '95 Jan '96 Jan '97
17,634 16,704 22,865 31,658 27,936 30,070
-5.3% +36.9% +38.5% - 11.8% +7.6%
30,667.11
GAMBLING REPORT FEB, 1997
BANK BALANCE Feb. 1, 1997 $83970.84
NET RECRIPTS:
Pull Tabs
Tip Boards
Interest earned
ALLOWABLE EXPENSES:
Supplies (pull tabs) 3,663.30
Workmans Comp. Ins. 1,978.04
Raffle Items 120.00
Office supplies 193.20
Accounting Service 500.00
Mortgage 3,713.00
Pay Roll 3,924.23
LAWFUL PURPOSE EXPENSES
Gross receipts tax 5,293.56
\ Combined receipts tax 12,448.98
Wagering tax 518.70
Fed W/H tax 1,315.18
State w/h tax 290.69
DONATIONS: 7 0
Flag comic books for children
Jr. Volleyball players
Boy Scout program
Development of young children
John Ireland school, 5th gr.Scie.
Little League sponsorship
TOTAL EXPENSES PAID:
BANK BALANCE ;F'eb • 2,8 1997
MORTGAGE BALANCE MARCH 1, 1997
Feb '92 Feb '93
25,881 20,102
-22.3%
Gambling Manager
•ry Maier
$27,219.00
900.00
51.35
Feb '94 Feb '95
21,084
+4.5%
27,961
92.20
1,200.00
100.00
200.00
300.00
200.00
P .
$104,057.22
NET RECEIPTS COMPARISONS
14,091.77
29,000
+32.6% +3.7%
19,867.11
2,092.20
Feb '96 Feb '97
28,119
-3.0%
28,170.35
36,051.08
75,090.11
_ NET RECEIPTS:
PULL TABS
TIP BOARDS
GAMBLING REPORT FOR MAR., 1997
Bank Balance March 1, 1997 $75,090.11
ALLOWABLE EXPENSES:
Supplies (Pull Tabs) 2,205.09
Trans. to TRCA a/c 5,680.78
Raffle Items 405.00
Accounting Service 500.00
Office Supplies 163.76
Mortgage 3,713.00 � 1
. '
Pay roll 3,753.44
Federal W/H tax 1,221.68
State W/H Tax 274.73
TOTAL ALLOWABLE EXPENSE: $17,917.48
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax
Combined Receipts Tax
Wagering Tax
TOTAL LAWFUL. PURPOSE EXPENSE 7,487.10
3,263.60
3,827.66
395.84
LAWFUL PURPOSE DONATION:
Boys State 600.00
Easter Egg Hunt 100.62
Flags for Mem. Day 171.75
V.A. Medical Center(comdr proj) 300.00
Katherine Curren school 100.00
Little League Sponsor 350.00
Vets Me. Books for libraries 100.00
TOTAL LAWFUL PURPOSE DONATIONS
TOTAL EXPENSES FOR MARCH
Bank'balance March 31, 1997 (Reg. A/c )
Bank balance March 31, 1997 (TRCA A /C)
35,187.00
810.00 35,997.00
1,722.37
27 ,1.26.95
83,960.16
5,680.78
Total Bank Accounts Mar. 31, 1997 89,640.94
MORTGAGE BALANCE April 1, 1997 $101,104.99
NET RECEIPTS COMPARISONS
Mar. '92 Mar. '93 Mar. '94 Mar.'95
Mar. '96 Mar. '9
23,407 23,433 964 29,520 40,040 35,997
+35.6% -10.1%
Gambling Manager
y
/ / ,iCCA1--g A-2
Ery Maier
BANK BALANCE APRIL 1, 1997 (Reg A /C)
$ANK BALANCE APRIL 1, 1997 (TRCA A /C)
Total bank balance April 1, 1997
NET RECEIPTS:
Pull Tabs
Tip Boards
GAMBLING REPORT FOR APRIL, 1997
31,166.00
750.00
ALLOWABLE EXPENSES:
Supplies (pull tabs) 3,750.05
Stamps 32.00
Raffle Items 705.00
Accounting Service 500.00
Printing Forms 50.56 9
Mortgage 3,713.00 J
Pay Roll 3,855.47
Federal W/H Tax 1,178.22
State W/H Tax 263.09
Total Allowable Expense 14,047.39
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax
Combined Receipts Tax
Wagering Tax
5,625.22
13,571.88
565.49
Total Lawful Purpose Expense 19,762.59
LAWFUL PURPOSE DONATIONS:
Flags for Vets
Girls Softball League
Babe Ruth Baseball (TRCA)
Am. Lffgion Baseball (TRCA)
Youth Crate Derby(TRCA)
14.25
1,000.00
1,000.00
1,500.00
100.00
Total Lawful Purpose Donations 3,614.25
Total Expenses for April 37,424.23
BANK BALANCE APRIL 30, 1997(Reg a/c) 81,051.93
BANK BALANCE APRIL 30, 1997(trca) 3,080.78
Total Bank Accounts 4/30/97 84,132.71
April '92 April '93
16,415 18,600 21,076 33,410 29,320 31,91
•mbling Manager
/2"tr
Ery Maier
Mortgage Balance May 1, 1997 $98,210.38
NET RECEIPTS COMPARISON:
+13.
April '94 April '95 April '96 April
+13.3%
+58.5% -12.2%
$83,960.16
5,680.78
89,640.94
31,916.00
+8.5
BANK BALANCE MAY 1, 1997 (Reg A /C)
BANK BALANCE MAY 1, 1997(TRCA A /c)
Total Bank Balance May 1, 1997
GAMBLING REPORT FOR MAY 1997
1' RECEIPTS:
— Pull Tabs $31,397.00
Tip Boards 1,050.00
Check from Reg. A/C (TRCA A /C) 14.75
Interest Income 50.80
ALLOWABLE EXPENSES:
Supplies (Pull tabs) 4,248.04
Printing checks (TRCA A /C) 14.75
Mortgage 8,713.00 £•
Raffle Items 405.00
Acct'g Service 600.00
Federal W/H Tax 1,238.67
State W/H Tax 287.58
Federal U.C. Tax :..133.5$
State U.C. Tax 30.62
Pay Roll 5,570.18
Total Allowable Expenses
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax 5,985.18
Combined Receipts Tax 12,810.60
Wagering Tax 533.78
Real Estate Tax 9,283.80
Akita' Lawful Purpose Expense
FUL PURPOSE PONSTIONS :
Muscular Dystrophy Assoc. 125.00
Legion Baseball 100.00
Friendship Ventures(TRA a /c) 200.00
Am. Legion Baseball(TRCA a /c) 1,500.00
Disaster Flood Relief Funds(TRAa /c)250.00
Hopkins Area Little League(TRA a /c)350.00
Total Lawful Purpose Donations
TOTAL EXPENSES FOR May 1997
Bank Balance May 31, 1997 (Reg a /c) 63,480.97
Bank Balance May 31, 1997(TRCA a /c) 795.53
TOTAL BANK BALANCE MAY 31,1997 64,276.50
Mortgage Balance June 1, 1997
May '92
NET RECEIPTS COMPARISON:
Gambling Manager
Ery Ma e
May '93 May '94
+8.7% -25.2%
21,230.40
28,613.36
2,525.00
90,268.21
$81,051.93
3,080.78
84,132.71
32,512.55
52,368.76
May '95 May '96 May '
18,488 20,102 15,034 30,173 30,196 32,44-
+100.0% +7.5%
Bank balance June 1, 1997 (Reg. A /C)
•ank balance June 1, 1997 (TRCA A /C)
Total Bank Balance June 1, 1997
Net Receipts:
Pull Tabs
Tip Boards
Boys state Refund
Allowable Expenses:
Supplies (Pull tabs) 4,910.44
Fed. W/H Taxes 1,757.61
State W/H taxes 421.93
Raffle Items 180.00
Accounting Service 600.00
Printing Checks 38.00 P
Mortgage 3,713.00
Compensation 3,692.66
Lawful Purpose Expenses:
Gross Receipts Tax
Combined Receipts Tax
Wagering Tax
GAMBLING REPORT FOR JUNE 1997
awful Purpose Donations:
Bikes for Kids costume party 153.33
Emergency Fund /Steve Muras 350.00
Fishing contest /children 200.00
Hopkins Girls Slo -pitch (TRCA,a /c)300.00
Lake Conference Girls B /Ball Team
(TRCA,a /c)250.00
Total Lawful purpose donations
Total Expenses for June
Bank Balance June 30, 1997(Reg A /C)
Bank Balance June 30, 1997 (TRCA;a /c)
Total Bank Balance June 30, 1997
Mortgage Balance July 1, 1997 $87,305.46
NET RECEIPTS COMPARISON:
June '92
17,258
June '93
18,858
+9.3%
Gambling Manager
`
4 ntrir
'
"Iry Maier
June '94
14,601
-22.6%
$15,988.00
900.00
400.00
6,856.58
10,976.67
457.03
June '95
28,391
+94.4
$15,313.64
18,290.28
1,253.33
46,461.72
245.53
46,707.25
June '96
32,646
+15.0%
$63,480.97
795.53
64,276.50
17,288.00
34,857.25
June '97
16,888
-48.3%
i nk Balance July 1, 1997 (Reg A /C)
nk Balance July 1, 1997(TRCA A /C)
Total Bank Balance July 1, 1997
NET RECEIPTS:
Pull Tabs
Tip Boards
ALLOWABLE EXPENSES:
Supplies (pull tabs)
State W/H Tax 276.45
Fed. W/H tax 1,193.59
Raffle Items 585.00
Accounting Service 600.00
Office Supplies 179.08
Fed. U.C. Tax 79.33
State U.C. Tax 33.97
Mortgage 3,713.00 X- f
Compensation 4,015.48
LAWFUL PURPOSE EXPENSES:
Wagering Tax
Combined Receipts Tax
Gross Receipts Tax
410 6FUL PURPOSE DONATIONS:
Little League Team
Scouting program
Bank Balance July 31, 1997 (Reg a /C)
Banlc Balance July 31, 1997 (TRC A /C)
Total Bank Balance July 31, 1997
GAMBLING REPORT FOR JULY, 1997
Mortgage balance Aug. 1, 1997 $84,276.35
ilO rmbling Manager
ErvMaier
$23,727.00
1,350.00
888.61
8,126.46
350.00
100.00
51,397.75
245.53
$51,643.28
10,675.90
9,015.07
450,00
Total Lawful Expenses for July 20,140.97
NET RECEIPTS COMPARISON:
Jul '91 Jul'92 Jul '93 Jul '94 Jul '95 Jul '96 Jul '97
23,996 21,212 17,189 21,562 22,493 33,320 25,077
-11.6% -19.0% +25.4% +4.3% +48.1% - 24.7%
Seven (7) year average $23,549
Gross Receipts Jan = June 1996 $1,094,988
Gross Receipts Jan - June 1997 1,123,879
$46,461.72
245.53
46,707.25
25,077.00
Bank Balance Aug. 1, 1997 (Reg A /C)
Bank Balance Aug. 1, 1997 (TRC A /C)
Total Bank Balance Aug. 1, 1997 51,643.28
NET RECEIPTS:
Pull Tabs
Tip Boards
Interest Inc.
ALLOWABLE EXPENSES:
Supplies (pull tabs) 2,853.19
Convention Expense 220.00
Raffle Items 780.00
z Audit 1,150.00
ACM Dues 200.00
Shredding Pull tabs 233.75
Fed. W/H tax 1,285.39
State W/H tax 301.15
Office Supplies 30.00
Accounting Service 600.00 Q
Mortgage 3,713.00 i
Pay roll 3,679.44
Print TRCA a/c checks 14.75
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax
Wagering tax
1 Audit
LAWFUL PURPOSE DONATIONS:
Youth Hockey
Youth Volleyball
Civil Air Defense
Fire Prevention
Scholarships
Seven Year Average $23,097.00
Gambling Manager
ry Maier
GAMBLING REPORT FOR AUG. 1997
24,669.00
1,080.00
51.92
4,036.52
385.90
1,150.00
75.00
100.00
50.00
15,060.67
5,572.42
25,800.92
Bank Balance Aug. 31, 1997(Reg a /c)
Bank Balance Aug. 31, 1997 (TRCA a /c0
TOTAL BALANCE AUG. 31, 1997
Mortgage Balance Sept. 1, 1997 $81,247.10
$51,397.75
245.53
100.00
400.00 C
725.00
TOTAL EXPENSES: 21,358.09
55,855.33
230.78
56,086.11
NET RECEIPTS COMPARISON:
Aug ' 91 Aug '92 Aug '93 Aug '94 Aug '95 Aug '96 Auq'97
23,996 20,565 17,903 19,749 25,346 28,373 25,749
-14.3% -12.9% +10.3% +28.3% +11.9% -9.2%
Bank Balance Sept. 1, 1997 (Reg A /C)
Bank Balance Sept 1, 1997 (TRCA a /c)
Total Bank Balance sept. 1, 1997
NET RECEIPTS:
Pull Tabs
Tip Boards
GAMBLING REPORT FOR SEPT. 1997
22,303.00
990.00
ALLOWABLE EXPENSES:
Supplies (pull tabs) 3,706.24
Mortgage 3,713.00 1,4):
Keys Made 16.72
Fed W/H Tax 1,193.27
State W/H tax 291.$0
Raffle Items 345.00
Accounting Service 600.00
Office Supplies 59.00
Pay roll 4,029.32
Dispensing Box 106.50
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax
Wagering Tax
Combined Receipts Tax
AWFUL PURPOSE DONATIONS:
Scholarships (w -.yam
BANK BALANCE SEPT. 30, 1997(Reg a /c)
Bank Balance Sept. 30, 1997 (TRCA a /c)
TOTAL BANK BALANCE SEPT 30, 1997
MORTGAGE BALANCE OCT 1 1997 $78,191.75
$ 8,771
BANK BALANCE OCT 1, 1996 $80,237.94
Oct 1, 1997 58,818.91
- $21,419.03
Gambling Manager
Ery Maier
5,059.56
434.60
5.19
14,060.85
5.499.35
$55,855.33
230.78
56,086.11
23,293.00
1,000.00 1,000.00 20,560.20
58,588.13
230.78
58,818.91
NET RECEIPTS COMPARISON:
Sept. '91 Sept. '92 Sept '93 Sept '94 Sept '95 Sept '96 sept '97
23,902 18,237 17,320 26,176 27,888 25,504 23,293
-23.7% -5.0% +51.1 % +6.5% -8.5% -8.7%
Seven Year Average $23,189
Gross Receipts 9 mos. Jan - Sept 1996 $1,602,788
1997 1,594,017
BANK BALANCE OCT 1, 1997 (reg a /c)
BANK BALANCE OCT 1, 1997 (TRCA a /c)
total bank balance oct 31, 1997
RECEIPTS:
Pull Tabs
Tip Boards
ALLOWABLE EXPENSES:
Supplies (pull tabs)
Office supplies
Convention Registration
Federal W/H Tax
State W/H Tax
Shirts for sellers
Raffle Items
Accounting service
Mn. U. C. Tax
Pay roll
LAWFUL PURPOSE EXPENSES:
Gross Receipts Tax
Real Estate Tax
Wagering Tax
Kids Halloween Party
Pheasants for Vets
Mortgage
Gambling Manager
1
Ery Maier
GAMBLING REPORT FOR OCT, 1997
BANK BALANCE OCT 31, 1997
MORTGAGE BAlari'c6 NOV. 1, 1997 $75,991.25
NET RECEIPTS C OMPARISON:
24,185.00
1,080.00
1,817.38
196.24
615.00
1,255,69_
297.95
120.00
345.00
600.00
21.10
5,750.10
2,763.08
9,283.80
354.85
11.81
25.00
3,713.00
11,018.46
16,151.54
58,588.13
230.78
58,818.91
25,265.00
27,170.00
56,913.91
Oct '91 Oct '92 Oct '93 Oct'94 Oct '9, Oct '94 Oct '97
22,418 20,258 18,693 26,827 32,305 25,264 25.265
-9.6% -7.7% +43.5% +20.4% -1196:4V-
BANK BALANCE Nov 1. 1997
Net Receipts:
Pull Tabs
Tip Boards
Misc. Income
Allowable Expenses:
Supplies (pull tabs)
Raffle Items
Office Supplies
Fed. W/H tax
State W/H tax
Conv. Expenses
Accounting Service
Pay Roll
Lawful Purpose Expenses:
Gross Receipts Tax
Wagering Tax
Combined Receipts tax
Hospitalized Vets
Ceremonial Flag
Run Away Kids
Youths in distress
Hi Schl. Swimming pool eq.
Mortgage (sch D(
Bank Balance Nov. 30, 1997
Mortgage Balance Nov. 30, 1997
NET RECEIPTS COMPARISON:
18,248 17,699
-30%
Gambling Manager
c )
Ery Maier
GAMBLING REPORT FOR NOV. 199&
Nov. '91 Nov. '92 Nov. '93
20,617
+16.5%
27,614.00
990.00
80.97
3,864.87
705.00
209.95
1,827.66
421.37
316.90
600.00
3,867.63
5,651.20
456.59
3,055.46
500.00
100.00
100.00
100.00
400.00
3,713.00
+22.5%
$71,986.88
Nov '94
25,255
11,813.38
14,076.25
Nov '95 Nov '96 Nov
26,734
+5.9%
$ 56,913.91
28,684.97
25,889.63
59,709.25
32,555 28,60•
+21.8% - 12.12