Get Bc-7q Quarterly Statement Of Bingo Operations - Nys Gaming ...

Completing the BC-7Q Quarterly Statement of Bingo Operations is essential for reporting your organization's bingo activities to the New York State Racing and Wagering Board. This guide will help you understand how to fill out the form accurately and submit it online.

Follow the steps to complete the BC-7Q form online.

1. Click ‘Get Form’ button to obtain the BC-7Q Quarterly Statement of Bingo Operations and open it in the editor.
2. Fill in the header section, including the information for the quarter you are reporting (e.g., Jan 1 - Mar 31). Input your N.Y.S. Identification Number, License Number, and the name of your organization along with the street address, city, zip code, and county.
3. If the address where bingo is played is different from the organization’s address, provide that information in the designated section.
4. In the 'Quarterly Summary' section, document the total number of occasions bingo was played and the total number of players that participated.
5. For Part A ('Receipts'), itemize your total bingo receipts, total sale of supplies, and any other receipts such as rent. Add these amounts together for the total receipts.
6. In Part B ('Expenditures'), detail your total prizes, total rent if applicable, total license fee, total bingo equipment, total services, and any other expenses. Sum these to find total expenditures.
7. Calculate your net profit or loss by subtracting the total expenditures from the total receipts, and note this in Part C.
8. For Part D ('Disposition of and Accounting for Net Proceeds'), list the unexpended balance of net proceeds from your last report, your net profit or loss from this period, interest earned, and any other relevant deposits or adjustments. Sum these to find total net proceeds.
9. Detail the total disbursements of net proceeds from special bingo account since the last report.
10. Calculate the unexpended balance of net proceeds by subtracting the total disbursements from the total net proceeds.
11. Attach a list of all disbursement checks drawn on the special bingo checking account that are not included in the expenditures section.
12. Complete the declaration section, ensuring all required signatures and phone numbers are provided for the head of the organization, the member in charge, and the preparer if different.
13. Once all sections are filled out correctly, save your changes, then download or print the form as needed for your records and submission.

Complete your BC-7Q Quarterly Statement of Bingo Operations online today and ensure compliance with your reporting requirements!