11-25-2002 Council Packet - Laserfiche WebLink

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Report Required As authorized by Minnesota Statutes, section 349.213, subdivision 1(a), a statutory or home rule city or county has the authority to adopt an ordinance requiring that organizations contribute ten percent of their net profits derived from lawful gambling conducted at premises within the dt/s or county jurisdiction to a fund administered and regulated by the responsible local unit of government without cost to such fund, for disbursement by the responsible local unit of government of the receipts for (i) lawful purposes, or (ii) police, fire, and other emergency or public safety-related services, equipment and training excluding pension obligations. An organization must submit to the local unit of government by January 31, of each calendar year a form that lists all such revenues collected and expenditures for the previous calendar year.__________ Financial Informationt 10% Contribution Fill in the calendar year for which this report is being completed. a. Indicate the beginning of the calendar year fund balance. b. Fill in the total amount collected during the calendar year c. Fill in the total cost of goods sold during the calendar year. d. Fill in the total cost of allowable expenses for the calendar year. e. Add b and c and subtract d to calculate the net profit for the calendar year. f. Add e and a to determine the end of calendar year fund balance. g. Fill in Lawful Purpose Expenditures. This should match the submitted copies of the LG503 state forms. Allowable Expenditures All gambling expenditures from the fund must be for: • Lawful purposes authorized by statute, or • Amounts allocated to a city or county for police, fire, and other emergency or public safety-related services, equipment, and training, excluding pension obligations. The chart below briefly outlines the codes and lawful purposes expenditures (contributions) that are allowed. If you need additional information, refer to Minnesota Statutes, section 349.12, subd. 25. A contribution may not be made to an organization licensed to conduct lawful gambling that contributed to the fund. A-1 To and by 501(c K3) organizations or to and by 601(c X4) festival organizations. A-2 relieving the effects of poverty, homelessness, or physical or mental disability. A-3 Treatment of delayed posttraumatic stress and compulsive gambling. A-4 Funding a public or private nonprofit education institution registered with or accredited by Minnesota or any other state. A-5 A scholarship fund. A-6 Recognition of humanitarian or military service. A-7 For activities and facilities benefiting youth under age 21. A-8 Not applicable. A-9 Not applicable. A-10 Expenditures for police, fire, and other emergency or public safety-related services equipment, ,equipment, and training A-11 To and by a nonprofit organization which is a church or a body of communicants. A-12 Not applicable. A-13 Wildlife management project that benefits the public-at-large provided that the Department of Natural Resources approves it before the expenditure is made. A-14 Costs related of grooming and maintaining snowmobile trails that are grant-in-aid trails, or other trails open to public use, provided that the commissioner of natural resources has approved the expenditure before it is made. A-15 Conducting nutritional programs, food shelves, and congregate dining programs primarily for persons who are age 62 or older or disabled. CertiHcation • Have the person who is responsible for the fund and the preparer of the report sign and date the report. • Include the name and telephone number of a contact person.____________________________ G: \ Kittock\ FOR.MS\ GAMING 10 DOC