Mich. Admin. Code R. 432.21720 - Numeral game ticket financial records; retention

Rule 720. All of the following financial records shall be available to authorized representatives of the bureau for review, and shall be kept for at least the current calendar year plus 3 years or as directed in writing by the bureau:

(a) A copy of the financial statement for the numeral game or associated licensed gaming event as prescribed by R 432.21522 or R 432.21721.
(b) Bank validated deposit slips for all numeral game ticket proceeds.
(c) Bank statements from all financial accounts where numeral game ticket proceeds were deposited or transferred.
(d) Cancelled checks or copies of checks, as prescribed by R 432.21717(7), from all financial accounts where numeral game ticket proceeds were deposited or transferred.
(e) Invoices or receipts with the date, vendor's name, and a description of the item or service for all expenditures made from financial accounts where numeral game ticket proceeds were deposited or transferred.

Notes

Mich. Admin. Code R. 432.21720
2000 AACS; 2003 AACS; 2014 AACS

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