Section Pari 1107.01 - Lucky 7 Account Requirements for Charitable Organizations(a) The charitable organization shall: (1) Maintain all books of accounts, records and supporting documentation of sufficient detail to enable preparation of the monthly financial reports as specified in Pari 1108.03 below; and(2) Have proof of all revenues and expenditures related to the sale of lucky 7 tickets available for review by the commission.(b) The charitable organization shall have a separate checking account for depositing bingo and lucky 7 revenue at a financial institution in New Hampshire.(c) The charitable organization shall: (1) Separately identify money deposited from bingo and lucky 7 revenue on each deposit slip, pursuant to RSA 287-E:9, IV;(2) Only withdraw funds from the account specified in (b) above by preprinted, consecutively numbered check; and(3) Not transfer or deposit any funds, other than bingo or lucky 7 revenues, into the account specified in (b) above.(d) All receipts for each lucky 7 games session shall be deposited by the second business day following the session at which they were received.(e) The charitable organization shall use the funds in the account specified in (b) above only for: (1) Expenditures related to bingo or lucky 7; or(2) Disbursement of bingo or lucky 7 proceeds for a charitable purpose.(f) In accordance with RSA 287-E:24, all expenses shall be paid by check or electronic funds transfer from the organization's charitable gaming account.(g) The charitable organization shall maintain all financial accounts, records and ticket inventories which verify the following:(3) Adjusted gross revenue;(5) Cost of full deals sold;(9) Inventory data by ticket type; and(10) Names and addresses of members selling lucky 7 tickets.(h) The charitable organization shall separately record all tickets sold for less than their marked price in order for the charitable organization to record any loss.(i) The charitable organization shall keep the checking account records for the lucky 7 account on the premises where the tickets are sold.(j) The charitable organization shall make all accounts, records and ticket inventories available for inspection by the commission.(k) In accordance with RSA 287-E:24, IV, the charitable organization shall retain cancelled checks or bank produced facsimiles of cancelled checks for the payment of expenses and checks or bank produced facsimiles of checks and receipts for the payment of prizes for a period of at least 2 years.N.H. Admin. Code § Pari 1107.01
#8803, eff 1-20-07 (See Revision Note at chapter heading for Pari 1100); amd by #9412, eff 3-12-09
Amended by Volume XXXV Number 06, Filed February 12, 2015, Proposed by #10773, Effective 2/1/2015, Expires 2/1/2025.