Form 35b - Nebraska Lottery/raf E Annual Report - 2012-2013 (Page 4 of 7) in pdf

Instructions

The annual report for the period July 1, 2012 to June 30, 2013 must be filed with the

When and Where to File.

Nebraska Department of Revenue (Department) by August 15, 2013. If the organization's current license expires

September 30, 2013 and it does not intend to renew its license, it must also file an annual report for the period

July 1, 2013 to September 30, 2013 by August 15, 2014. That annual report should reflect three months of lottery/

raffle activity and the final distribution of all lottery/raffle profits. The organization must continue to submit annual

reports until all lottery/raffle profits have been disbursed for lawful purposes.

If the organization does not intend to renew its license, has completed all lottery/raffle activity by June 30

of any year, and has disbursed all of its lottery/raffle profits for lawful purposes, write “Final Report” at

the top of the report.

Reporting Period. The annual report is to cover the organization’s lottery/raffle activities from July 1 through

June 30. If the organization is filing a short period report, the beginning and ending dates of the reporting period

must be entered in the space provided at the top of the report. If the organization cancelled its lottery/raffle

activities during the reporting period, a report is still required covering the period July 1, 2012 through the date the

organization discontinued its lottery/raffle activities. In addition, an annual report is required to be filed each year

until all profits from the conduct of lottery/raffle have been disbursed. If all profits from the conduct of lottery/

raffle have been disbursed during this reporting period and no further lottery/raffle activity is anticipated, please

write “Final Report” at the top of page 1.

Accounting Method. The annual report is to be prepared based upon the organization’s accounting basis: cash;

accrual; or other.

Income and Expenses. All income, prizes, and expenses related to the conduct of lottery/raffle activities must

be reflected on Form 35B (page 1).

Form 35B (page 1) should reflect all expenses related to the lotteries or raffles included on the report even though

some of these expenses may not have occurred during the time period of this report.

Compare prizes and expenses with the gross proceeds of the lottery or raffle for a more meaningful

income statement.

Specific Instructions

Line 4. Enter the gross compensation paid to individuals and businesses selling lottery/raffle tickets, including

any merchandise, meals, and cash prizes awarded on the basis of ticket sales.

Line 5. Enter the gross compensation paid to all individuals for services performed related to the conduct of

a lottery/raffle. Such services include, but are not limited to, accounting, bookkeeping, secretarial, janitorial,

security and legal services which are not included in line 4.

Line 10. If the purchase of a lottery or raffle ticket entitles the purchaser to food, refreshments, or entertainment,

enter the cost of that food, refreshment, or entertainment on line 10.

Authorized Signatures. The annual report must be signed by an officer of the organization or other individual

authorized to sign by a

Power of Attorney, Form

33, on file with the Nebraska Department of Revenue and the

organization’s Utilization of Funds Member.

If a person other than the Utilization of Funds Member prepares the report, the preparer must also sign in the

space provided.

Form 35b - Nebraska Lottery/raf E Annual Report - 2012-2013 Page 4