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Last Updated: 7/27/2017

Annual Certified Physical Inventory and Cash Count Summary

Lawful gambling organizations are required to conduct an annual certified physical inventory and cash count at the end of their fiscal year.  

You must conduct the inventory and cash count and submit it to us within 30 days after your organization’s fiscal year ends (Minnesota Statute 297E.06, subd. 4).

Your organization may be eligible for a 30-day extension. You must send us a written request before the fiscal-year end. For details, see Extension to File.

Reporting the inventory

The inventory is a list, by site, of the games in your organization’s possession that have not been reported on a Lawful Gambling Monthly Tax Return (Form G1). The cash count summary is the amount of cash used in the starting banks for each site.

Two members of your organization (who are not involved in its gambling activities) or a certified public accountant (CPA) must conduct the inventory and cash count. You must report the results on two forms: