Missouri Code of State Regulations › Title 11 - DEPARTMENT OF PUBLIC SAFETY › Division 45 - Missouri Gaming Commission › Chapter 30 - Bingo › Section 11 CSR 45-30.280 - Net Receipts from Bingo and Bank Account

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment changes the requirements for
				  obtaining dedicated bingo checking accounts.
(1) Each regular/annual bingo licensee is
				required to obtain a dedicated bingo checking account in a financial
				institution located in Missouri. Each special bingo and pull-tab licensee or
				special abbreviated pull-tab licensee that obtains any three (3) special
				licenses during any calendar year and applies for a fourth such license shall
				obtain a dedicated bingo checking account in a financial institution located in
				Missouri.
(2) All receipts from each bingo occasion, less the
				amount awarded as cash prizes for that occasion, shall be deposited in the
				bingo checking account no later than the next business day following the date
				of the bingo occasion. Disbursements for reasonable and necessary expenses
				incidental to the conduct of bingo games shall be paid from the bingo checking
				account on preprinted, serially numbered checks. Checks shall be payable to a
				specific payee. At no time may checks be made payable to "cash." An
				organization may use a debit transaction instead of a check; however, each
				debit transaction shall be reported with other disbursements from the bingo
				checking account on the quarterly report as required by
				11 CSR 45-30.210. All
				debit transactions shall be documented with a receipt or other supporting
				documentation to ensure proper use of bingo proceeds.
(3) If an organization
				uses starting cash, a check shall be written to a financial institution, retail
				establishment, or to a charitable organization to obtain the starting cash. The
				entire amount of the starting cash obtained by the organization shall be
				redeposited into the bingo checking account no later than the next business
				day. An organization may use a debit transaction instead of a check to obtain
				starting cash from their bingo checking account; however, each debit
				transaction shall be reported with other disbursements from the bingo checking
				account on the quarterly report, as required by
				11 CSR
				45-30.210.
(4) Pursuant to
				section 313.040.1, RSMo, the entire net receipts over and above the actual cost
				of conducting the game of bingo as enumerated in section 313.040.1, RSMo may be
				paid from the bingo checking account into the general treasury of the licensed
				bingo organization. All bingo funds paid into the general treasury of the
				licensed bingo organization shall be devoted exclusively to lawful, charitable,
				religious, or philanthropic purposes of the licensed organization. However, no
				funds from any source shall be used to compensate anyone affiliated with the
				licensee for managing, conducting, or operating the game of bingo or to provide
				any services or equipment for the game of bingo.
(5) Game operators may
				transfer funds from another account into the bingo checking account to cover
				bingo game-related expenses. Bingo operators may not deposit receipts from any
				other fund-raising activities of the organization into the bingo checking
				account. Any monies deposited into the bingo checking account are deemed to be
				bingo proceeds and can only be used to pay bingo gaming expenses or for
				religious, charitable, or philanthropic purposes.
(6) Bingo funds may be
				used for up to three (3) members of the organization to attend up to two (2)
				bingo-related conventions per calendar year. The following documentation shall
				be retained in the licensee's bingo records, and made available to commission
				staff upon request, for any convention expenses paid from bingo proceeds:
1) an official brochure containing the agenda
				and cost of the convention;
2) the
				names of the members attending and the title they hold in the organization;
				and
3) all receipts for associated
				costs such as mileage, hotel, and other reasonable expenses. Organizations may
				use bingo proceeds to pay reasonable fees to hold membership in a bingo-related
				association or organization. Documentation shall be retained reflecting the
				cost of said membership.