Get Michigan Millionaire Party

Filling out the Michigan Millionaire Party financial statement is an essential part of ensuring compliance with state regulations for licensed gaming events. This guide will provide you with detailed instructions to help you accurately complete the form online.

Follow the steps to successfully complete the online form

1. Press the ‘Get Form’ button to access the financial statement. This will allow you to open the document in the editor for online completion.
2. Begin by entering the organization name and mailing address in the designated fields. Ensure that the city, state, and ZIP code are correct to maintain accurate records.
3. Fill in the event date(s) where the gaming activities occurred. Provide all relevant event dates in the specified format.
4. Enter your Organization ID number and License number. These identifiers are crucial for proper tracking and compliance with the Michigan Gaming Control Board.
5. Document revenue from your gaming event by recording chip sales, buy-ins, and rebuys for each day of the event. Calculate total revenue from all days and input it accordingly.
6. Report the retail value of donated prizes and calculate your total revenue by adding the total chip sales and donated prizes together.
7. In the payout section, record all cash payouts and prizes from the event. Include merchandise prizes and total cash chip value to table for accurate calculations.
8. After noting down all payout, prize, and seed amounts, calculate the total and determine the gross profit or loss by subtracting total payouts from total revenue.
9. Fill out the expenses section by detailing all worker compensation, advertising costs, location rental fees, equipment rental, and any other expenses incurred during the event.
10. Ensure that the total expenses do not exceed the maximum allowable amount as specified. Then calculate the net profit or loss for the event.
11. Lastly, confirm whether charity game tickets or raffle tickets were sold. If yes, follow the instructions provided to obtain additional documentation.
12. As the principal officer, certify that all information provided is accurate by signing, dating, and stating your title where indicated. Finally, save your completed form for submission.

Complete your Michigan Millionaire Party financial statement online today to ensure compliance and proper record-keeping.