Fund Loss
If a bingo fund loss is discovered:
- Notify local law enforcement within five days of discovering the loss, and notify the Gambling Control Board. Fund losses not reported will not be considered by the Board for profit carryover adjustment.
- Within 60 days, provide the Gambling Control Board with documentation of reimbursement or a request for a profit carryover adjustment due to a fund loss. This documentation must be provided to the Board within 60 days or the fund loss request will not be considered by the Board. Use form LG250 Fund Loss Request (Profit Carryover Adjustment).
Refer to Fund Loss section for more information.
If bingo paper or hard cards are lost due to a disaster such as fire, flood, blizzard, tornado, or other catastrophic event, immediately contact the Gambling Control Board at 651-539-1900 for instructions on how to handle the fund loss.
