Definition of a Fund Loss

• A “fund loss by questionable means” involves missing cash or inventory, counterfeit currency or tickets, or prizes paid from a game not conducted in compliance with statute and rule. A fund loss may be due to situations such as burglary, robbery, or employee theft.
  
  
• Use the LG250 Fund Loss Request (Profit Carryover Adjustment) form to request approval from the Gambling Control Board to adjust the profit carryover to account for the loss.
  
  
• A police report is required in order for the Gambling Control Board to consider the fund loss request.
  
  
• If either unplayed (new) games or played game remnants (in storage) are lost due to a disaster such as fire, flood, blizzard, tornado, or other catastrophic event, contact the Department of Revenue at 651-297-1772 immediately for instructions on how to handle the inventory loss.

Distinction between a cash shortage and a fund loss by questionable means

A cash shortage is the difference between the net receipts for a game and the actual cash on hand to be deposited for that game, and usually is caused by a mistake. (See the Cash Shortages section for additional information.)

A fund loss by questionable means is not included in the cash shortage calculation.