Form Bj Bc 7 – Fill Out and Use This PDF

The Bj Bc 7 form, officially known as the BC-7 Financial Statement of Bingo Operations, is a vital document for organizations that hold bingo games. It mandates the detailed reporting of receipts, expenditures, net profits or losses, and the final disposition of net proceeds from bingo operations. Organizations are required to prepare this report in duplicate, send the original to the clerk of the municipality where the bingo was held, and keep a copy for their records, all within seven days of the bingo event. Ready to ensure your organization's compliance? Click the button below to fill out your Bj Bc 7 form confidently.

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Form Bj Bc 7 PDF Details

In the sphere of charitable gaming, transparency and accountability hold paramount importance, serving to uphold the integrity of the organizations involved and ensure compliance with regulatory standards. Against this backdrop, the Bj Bc 7 form emerges as a critical document, meticulously designed to encapsulate the financial nuances of bingo operations conducted by nonprofit entities. Tasked with providing a comprehensive account of receipts, expenditures, net profit or loss, and the final disposition of net proceeds, this form is to be prepared in duplicate following each bingo event. Organizations are required to dispatch the original copy to the municipal clerk within seven days of the occasion while retaining a copy for their records. The form delves into specifics, such as the total number of players, games, and the detailed financial breakdown, encompassing bingo receipts, sales of supplies, rent, prizes, and any other relevant expenses. Moreover, it extends to include the calculation of net profit or loss, adjustments related to additional license fees, and a meticulous reconciliation of the net proceeds' disposition, thereby ensuring a holistic overview of the event's financial outcome. This structured approach not only aids in the meticulous monitoring of the financial aspects of bingo events but also fosters a culture of transparency, enabling regulatory bodies and the organizations themselves to maintain a clean, accountable slate in their charitable gaming endeavors.

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Form Name	Form Bj Bc 7
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	how to fill out a nys bc7 q bingo instrtuctions, bc 7 financial statement bingo operations, gaming commission bc7 bingo, how to fill out a nys bc7 q race and waging bingo

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BC-7 Financial Statement of Bingo Operations

Instructions: Prepare report in duplicate. Within 7 days after each occasion, send original to clerk of municipality and retain one copy for your files.

Name of Organization: ____________________________________________________________________

Bingo Identification Number: ____________________________________________________

Street Address: __________________________________________________________________________

City, Town or Village (CIRCLE ONE): ____________________________	Zip Code: _____________
Phone Number: ___________________________

Address where bingo is conducted, if different:

___________________________	__________________________	___________________	_________________________
Street Address	Municipality	Zip	County
___________________________	__________________________	____________________	_________________________
Number of Players	Number of Games	Date of Occasion	Hours of Occasion

A. RECEIPTS:

1.	Bingo Receipts (Form BC-7B must be completed and attached)	$_________________________
2.	Sale of Supplies	$_________________________
3.	Other Receipts (Rent, etc)	$_________________________
4.	Total Receipts (Add lines 1 through 3)	$_________________________

B.EXPENDITURES (Show only payments actually made)

1.	Prizes		$_________________________
	Describe Expenditure	Payee	Check No.	Amount
2.	Rent: __________________________	_________________	____________	____________
3.	License Fee: ____________________	_________________	____________	____________
4.	Bingo Equipment
	and Supplies: ___________________	__________________	____________	____________
5.	Services: ______________________	__________________	____________	____________
	_____________________	__________________	____________	____________
6.	Other Expenses: _________________	__________________	____________	____________
	__________________	__________________	____________	____________
7.	Total Expenditures:		___________________________
	www.gaming.ny.gov	Page 1 of 3	BC-7 Financial Statement (Rev. 10/2016)

C.NET PROFIT OR (LOSS)

1. Profit (or Loss) Before Additional License Fee (Item A4 less Item B7): _________________________

2.	Additional License Fee (LIST CHECK NUMBER_______):			__________________________
3.	Profit (or Loss) (Item 1 less Item 2):			__________________________
D. GAME BANK FUND		Payee	Check Number		Amount
(Memo Entry Only)
		________________	________________		________________
E. DISPOSITION OF AND ACCOUNTING FOR NET PROCEEDS:
1.	If this is organization’s first occasion, give opening balance, if any, in the
	Special Bingo Account:				______________________
	Source of Opening balance: _________________________________________________________
2.	Unexpended balance of net proceeds shown on last report:				______________________
3.	Net Profit (or Loss) from this occasion (Part C, Item 3):				______________________
4.	Interest earned on net proceeds on deposit in interest bearing account(s):				______________________
5.	Other deposits into or adjustments in Special Bingo Account:				______________________
	Explanation: ____________________________________________________________________
6.	Total Net proceeds (Add Items 1 through 5):				______________________


Disbursements of Net Proceeds since last report: (Attach additional sheets if necessary)
Date		Check No.	Description of Disbursements	Name & Address of Payee	Amount
______		________	_______________________	______________________	________
______		________	_______________________	______________________	________
______		________	_______________________	______________________	________
______		________	_______________________	______________________	________
______		________	_______________________	______________________	________
______		________	_______________________	______________________	________
7.	Total Disbursements:			_______________________
8.	Unexpended balance of net proceeds (Item 6 less Item 7):			_______________________

www.gaming.ny.gov

Page 2 of 3

BC-7 Financial Statement (Rev. 10/2016)

F.RECONCILIATION OF UNEXPENDED BALANCE: (To be completed monthly --- upon receipt of monthly bank statement)

Depository		Name of Bank	Account Number	Reconciled Balance
1) Checking		________________________	_____________________	___________________
2)	Savings	_______________________	_____________________	___________________
3)	Other	________________________	_____________________	___________________
Total (Must be the same as Line E8-Unexpended Balance)				___________________

H.DECLARATION: (All three sections must be fully completed and signed. Unsigned reports will be returned):

I swear or affirm that the information and statements contained herein have been examined by me and are true, accurate and complete.

Head of Organization:
___________________________________________________	___________________
Signature	Date

_________________________________________________ ______________________________________________

Print NamePrint Title

__________________________________________________________________ (______)____________________

	Home Address, City and Zip Code	Phone Number
	____________________________________________________
	Email Address

	Member In Charge:
	___________________________________________________	___________________
	Signature	Date

_________________________________________________ ______________________________________________

Print NamePrint Title

__________________________________________________________________ (______)____________________

Home Address, City and Zip Code	Phone Number
____________________________________________________
Email Address

Preparer of Report:

___________________________________________________ ____________________

SignatureDate

_________________________________________________ ______________________________________________

Print NamePrint Title

__________________________________________________________________ (______)____________________

Home Address, City and Zip Code	Phone Number
____________________________________________________
Email Address

www.gaming.ny.gov

Page 3 of 3

BC-7 Financial Statement (Rev. 10/2016)

Form Bj Bc 7 – Fill Out and Use This PDF

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