Accounting Units 

This section is for those licensed conductor organizations that have formed an Accounting Unit and are using the unit accounting process for their bingo proceeds, charitable distributions and other bingo financial information.

What is unit accounting?

As set forth in Bingo Enabling Act Sec. 2001.431 through Sec. 2001.439 and Administrative Rule 402.203, unit accounting is a method by which two or more organizations can join together to share revenues, authorized expenses, and inventory related to bingo operations.

How is an accounting unit formed?

Two or more licensed authorized organizations that conduct bingo at the same location may form and operate a unit by executing a unit accounting agreement and choosing either a unit manager or designated agent to be responsible for the revenues, authorized expenses, and inventory of a unit. A unit may also be formed by creating a trust agreement between two or more licensed authorized organizations that conduct bingo at the same location. This type of agreement would require that one of the organizations be designated as the trustee. The trustee organization would, in turn, designate a person to be responsible for providing the commission with access to all inventory and financial records of the unit on request of the commission. More than one unit may be formed at a single location. However, a licensed authorized organization may not be a member of more than one unit.