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:um <br /> Comments <br /> As can he seen from the above information, 7 5 k of the o rgan i z a <br /> tion' s gross sales were paid out in prizes. Compensation and rent <br /> accounted for over 15 of gross sales, with the city' s taxes and <br /> 10 ' contribut ion accounting for approximately 1 . 5% of gross <br /> sales . RAYRA met the 25% carryover requirement for the f i soal <br /> year of 1992 . While the current year is not in compliance, we *. <br /> expect the organization to comply prior to the year-end <br /> F AyHA is within the required split of net profits and expenses as <br /> of the end of August 1993 . However, they will need to he in <br /> compliance prior to year-end. <br /> The City has received the gambling audit for the period ending <br /> May 1992 and we expect to receive a copy of the May 31, 1993 <br /> audit prior to December 11 199314 <br />