10.34.180 RECORDS; AUDIT.

A bingo permit holder shall keep full and accurate records of the income and expenses received and disbursed in connection with its operation, conduct, promotion, supervision and any other phase of bingo authorized by this chapter. The permit holder shall keep full and accurate records of all bingo supplies received and used. Records of pulltabs shall include: (1) a designation of the type of pulltab, (2) the serial number of the pulltabs, (3) the number of pulltabs in a deal, (4) the number of deals, (5) the sales value of pulltabs in a deal, (6) the prize value of pulltabs in a deal, (7) the winning tickets.

All records, ledgers, receipts, and accounts shall be kept for a period of three (3) years and shall be made available to the Tax Collector, or designated representative, for audit. As part of an audit or as a separate action, City may attend any bingo game and observe the operations. Further, City may place a City representative with the bingo permit holder in order to assure that proper receipts are given and that proper accounting of bingo funds is made.