Laserfiche WebLink
<br />. <br />. . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />tipboards awarded in any single day in which they are operated shall <br />not exceed $500. Total prizes resulting from any single spin of a <br />paddlewheel, or from any single tipboard, shall not exceed $100. Total <br />prizes awarded in any calendar year by any licensed organization from <br />the operation of paddlewheels and tipboards and the conduct of raffles <br />shall not exceed $15,000. Merchandise prizes shall be valued at fair <br />market retail value. <br /> <br />(f) <br /> <br />Premises. Gambling devices shall be operated and raffles conducted by <br />a licensed organization only upon premises which it owns or leases except <br />that tickets for raffles conducted in accordance with this chapter may <br />be sold off premises. Leases, unless authorized in another location <br />by the City Council, shall be for a period of not less than one year <br />and shall be in writing. No lease shall provide that rental payments <br />be based on a percentage of receipts or profits from gambling devices <br />or raffles. Copies of all leases shall be provided to the City Clerk <br />at the time of application. <br /> <br />(g) <br /> <br />Records and Reports. <br /> <br />(1) <br /> <br />At least 30 days prior to the first yearly gathering or occasion <br />at which gambling devices are operated or a raffle is conducted <br />and on an annual basis thereafter, a licensed organization shall <br />file with the City Clerk copies of the following: <br /> <br />(A) Department of Treasury, Internal Revenue Service, "Return <br />of Organization Exempt from Income Tax" Form 990, or a <br />comparable form if the licensed organization is required to <br />file the form with the Department of the Treasury. <br /> <br />(B) Department of Treasury, Internal Revenue Service, "Exempt <br />Organization Business Income Tax" Form 990-T, or a comparable <br />form if the licensed organization is required to file the form <br />with the Department of the Treasury. <br /> <br />(C) The annual report required of charitable organizations <br />by Minnesota Statutes, Section 309.53. <br /> <br />(2) Each licensed organization shall keep records of its gross receipts, <br />expenses and profits for each single gathering or occasion at which <br />gambling devices are operated or a raffle is conducted. All <br />deductions from gross receipts for each single gathering or occasion <br />shall be documented with receipts or other records indicating the <br />amount, a description of the purchased item or service or other <br />reason for deduction, and the recipient. The distribution of profits <br />shall be itemized as to payee, purpose, amount and date of payment. <br /> <br />Gross receipts from the operation of gambling devices and the conduct <br />of raffles shall be segregated from other revenue of the licensed <br />organization and placed in a separate account. Each licensed <br />organization shall have separate records of its gambling operations. <br /> <br />(3) Not more than 15 days after each gathering or occasion at which <br />gambling devices are operated or a raffle is conducted, or at the <br /> <br />4. <br />