- A. The financial report required under A.R.S. § 5-407 is due even if no occasions were held during the reporting period. A licensee may file the financial report in advance if the licensee knows that no occasions will be held and no bingo funds will be expended during the reporting period.
- B. A licensee shall report all interest earned on the licensee’s special checking account or additional interest-bearing accounts required under A.R.S. § 5-407 as gross receipts during the reporting period in which the interest is received. The Department considers interest received when the financial institution credits the interest to the licensee’s account.
- C. Financial reports that are filed in person are delinquent if received by the Department after the due date. If a licensee files a financial report by mail, the report is timely only if the financial report is postmarked on or before the due date. If a due date falls on Saturday, Sunday, or a legal holiday, the due date for filing is the business day following the Saturday, Sunday, or holiday.
- D. A licensee that makes an expenditure, other than a prize paid to a bingo winner, of $300 or more during the reporting period shall include in the financial report the name and address of each person to whom $300 or more was paid and the purpose of the expenditure.
Historical Note
Adopted effective June 5, 1984 (Supp. 84-3). Amended effective April 25, 1986 (Supp. 86-2). Amended effective December 22, 1989 (Supp. 89-4). Amended by final rulemaking at 9 A.A.R. 4186, effective November 8, 2003 (Supp. 03-3).