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2012 Charitable Gambling Premise Permit Application <br /> Income and Loss Statement <br /> 2011 Projected 2012 <br /> REVENUE <br /> Bingo Gross $ 4,144.231.50 $ 4,200,000.00 <br /> Bingo Prizes 3,268,036.00 3,300,000.00 <br /> Net 876,195.50 900,000.00 <br /> Pulltab Gross 1,013,715.00 1,100,000.00 <br /> Pulltab Prizes 711,920.00 750,000.00 <br /> Net 301,795 350,000.00 <br /> Total Net Revenue 1,177,990.50 1,250,000.00 <br /> STATE TAXES <br /> Board Fees 5,157.94 <br /> Pulltab Ideal Gross Tax 22,467.98 <br /> Bingo Net Tax 74,476.63 <br /> Combined Receipts Tax 17,314.81 <br /> Total State Gambling Taxes 119,417.36 140,000.00 <br /> EXPENSES <br /> Cost of Gambling Product 76,722.13 85,000.00 <br /> Compensation& P/R Taxes 363,934.05 370,000.00 <br /> Advertising 6,705.00 8,000.00 <br /> Professional Fees 3,500.00 4,000.00 <br /> Bond 100.00 300.00 <br /> Rent 219,999.96 220,000.00 <br /> Cash Shortages 6,262.50 5,000.00 <br /> All Other Expenses 156,314.99 188,000.00 <br /> Total Allowable Expenses 833,538.63 880,300.00 <br /> NET PROFIT 2259034.51 2299700.00 <br />