eLaws | eCases | California Laws | California Code of Regulations | Illinois Courts | Counties & Cities of California | Code of Federal Regulations | United States Code |
 Oakland
 Code of Ordinances
 Title 5. BUSINESS TAXES, PERMITS AND REGULATIONS
 Chapter 5.10. BINGO

  § 5.10.180. Profits or proceeds—Separate fund or account.  

Latest version.

  • A.

    With respect to organizations exempt from payment of the bank and corporation tax by Section 23701d of the Revenue and Taxation Code, all profits derived from a bingo game shall be kept in a special fund or account and shall not be commingled with any other fund or account.

    B.

    With respect to all other organizations authorized to conduct bingo games pursuant to Penal Code Section 326.5, all proceeds derived from a bingo game shall be kept in a special fund or account and shall not be commingled with any other fund or account.

    C.

    The bingo game operator 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 games which are authorized by these regulations. The City, by and through its authorized officers, including the City Administrator, shall have the right to examine and audit such record at any reasonable time and permittee shall fully cooperate with the City by making such records available.

    D.

    The bingo hall operator shall keep full and accurate records of the income and expense associated with its business relationship with the bingo game operator. The City, by and through its authorized officers, including the City Administrator, shall have the right to examine and audit such record at any reasonable time and permittee shall fully cooperate with the City by making such records available. The bingo hall operator agrees to either voluntarily disclose annually the financial information regarding its bingo-related operations or have a complete financial audit annually of all bingo related operations at its own expense. The annual audit must be conducted by a certified public accountant who is approved in advance by the City Auditor. Upon completion of the annual financial audit, copies must be submitted to the City Administrator and the City Auditor no later then 90 days after the close of the bingo hall operator's fiscal year.

(Ord. No. 12967, § 4, 7-28-2009)