Ariz. Admin. Code § 15-7-230

Current through Register Vol. 30, No. 36, September 6, 2024

Section R15-7-230 - Financial Report

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.

Ariz. Admin. Code § R15-7-230

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).