Rule 3772-10-06 | Standard financial reports.
(A) A casino operator must file the following financial reports with the commission:
(1) A balance sheet submitted monthly and annually;
(2) An income statement submitted monthly and annually;
(3) A cash flow statement submitted monthly and annually;
(4) A gross casino revenue supplemental daily report and supporting documentation submitted concurrent with the casino operator's daily submission to the department of taxation, as required by section 5753.04 of the Revised Code; and
(5) Any other report requested by the executive director.
(B) Standard reporting forms and corresponding filing instructions may be prescribed by the executive director to be used by a casino operator in filing the reports specified in paragraph (A) of this rule.
(C) The annual financial statements must be prepared on a comparative basis for the current and prior calendar years and present financial position, results of operations, and cash flows in conformity with generally accepted accounting principles.
(D) The electronically transmitted reports or hard copy reports required to be filed pursuant to this rule must be authorized by individuals designated by the casino operator. In addition, the casino operator must submit a letter attesting to the completeness and accuracy of the reports. The letter must be signed by the casino operator's chief financial officer or controller.
(E) The reports required to be filed pursuant to this rule must be addressed as prescribed by the commission and received no later than the required filing date. The required filing dates are as follows:
(1) Gross casino revenue supplemental daily reports, required by paragraph (A)(4) of this rule, are due as required by section 5753.04 of the Revised Code.
(2) Monthly reports are due on the last calendar day of the following month or the next business day if such day falls on a weekend or legal holiday;
(3) Annual reports are due on the last calendar day of the third month following the end of the casino operator's calendar year or ten days after form 10-K (adopted March 2010) is filed with the securities and exchange commission, whichever comes first.
(F) All significant adjustments resulting from the annual audit are to be recorded in the accounting records of the year to which the adjustment relates. If the adjustments were not reflected in any annual report and the executive director concludes that the adjustments are significant, the casino operator may be required to file a revised annual report. The revised filing is due within thirty calendar days after written notification to the casino operator, unless the casino operator submits a written request for an extension before the required filing date and the extension is granted by the executive director.
Last updated February 28, 2022 at 8:49 AM
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