c)

1. 1) Each licensee shall maintain its books of account and all other records and supporting documentation in order to be able to readily furnish to the Board full disclosure of any item included in any account.
2. 2) No licensee shall destroy any such books or records unless prior permission to do so is obtained from the Board. The Board will grant such permission if the books and records are more than five years old.
3. 3) In addition to the prescribed accounts, clearing accounts, temporary accounts and subdivisions of any account may be utilized, provided the integrity of the prescribed accounts is not impaired.
4. 4) Any questions regarding the accounting for a specific item should be submitted to the Board for an interpretation.

d)

1. 1) The account numbering framework used herein consists of a system of three- and four-digit numbers as follows:

   100.0 – 199.9 Assets and Other Debits

   200.0 – 299.9 Liabilities and Other Credits

   300.0 – 399.9 Income Accounts

   400.0 – 499.9 Expense Accounts

2. 2) In many instances, numbers have been skipped in order to allow for possible later expansion or to permit better coordination of the accounts by the licensees.
3. 3) Each licensee may adopt such scheme of account numbers as it deems appropriate, provided however, that it shall keep readily available to the Board the information required by the Application form.

e) All applications for racing dates shall contain:

1. 1) A copy of the audited certified public financial statements for the most recently completed fiscal year; and
2. 2) Financial statements for the most recently completed race meeting accompanied by a review by a Certified Public Accountant expressing limited assurance that no significant changes are required in the financial statements.