No less than 100 percent of the net proceeds of a bingo game shall be designated and expended for charitable or educational purposes. Net proceeds means gross proceeds less reasonable expenses incurred or paid in connection with the holding, operating, or conducting of bingo. Reasonable expenses shall not include any expenses related to advertising and any advertising done shall contain the name of the permit holder. Reasonable expenses shall include the following bona fide expenses, in reasonable amounts:

1. (1) The purchase or rental of equipment necessary for conducting bingo and payment of services reasonably necessary for the repair and maintenance of equipment.
2. (2) Payment of cash prizes or the purchase of prizes of merchandise.
3. (3) Insurance on the facilities and liability coverage, as is reasonable for the operation of bingo.
4. (4) Utilities.
5. (5) Janitorial services.
6. (6) The fee required for issuance or reissuance of a permit to conduct bingo.
7. (7) Other reasonable expenses incurred by the permit holder, not inconsistent with this article or a resolution of the Houston County Commission.

(Act 95-420, p. 910, §7.)