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12 5 - 0 4 0 . Local Gamblio n Tax and Local <br />Expenditures., Any organization which ' <br />is licensed to- <br />ciondu,ct lawful gambling in the City shall do the <br />.1 age <br />011ow " N <br />Id a y s 125a,050e Financial, Repilorts. Withj--n thi rty (30) <br />of the, eind of a license yearr • a licensed <br />IN <br />organizatililon shall, submit a financial statement <br />ceirtim f led, by a cert 'if ed Publ ic accountant <br />ling showing the <br />f 011ow * <br />Gross reice ipts from lawful gambli* ing and <br />amounts actually paid out for prizes. <br />(2) Net proif its derived f rom lawf u,l <br />gambil i ing I* <br />(3) Amounts pa i d t,o nion-prof wit, tax exempt, <br />or,igan i zations pursuant to. <br />0 4 <br />Section <br />125 d <br />12 51. 0 60 Liceinsin if Gambling,E t f rom State <br />Licensing Rleaulvirements, <br />a <br />Origan.ii zations which conduct lawf u <br />giambling, whi'ch is exempt from statj <br />