Get the free CHARITY GAME TICKET RECONCILIATION

Charitable Gaming Division 101 E. Hillsdale, Box 30023 Lansing, Michigan 48909 (517) 3355786 www.michigan.gov/cgCHARITY GAME TICKET RECONCILIATIONOrganization NamePeriodLicense NumberCompleted byFromGame

How to fill out charity game ticket reconciliation

How to fill out charity game ticket reconciliation:

1. Start by gathering all the necessary information, such as the total number of tickets sold, the ticket sales receipts, and any additional income or donations collected during the event.
2. Create a spreadsheet or a document where you can record all the relevant information. Include columns for the ticket number, the price of each ticket, the quantity sold, and the total revenue generated.
3. Begin filling out the reconciliation by entering the ticket numbers and corresponding prices in the appropriate columns. Make sure to double-check the accuracy of the entered information.
4. Calculate the total revenue by multiplying the quantity sold by the ticket price and summing up all the individual totals. This will give you an overall picture of the funds raised through ticket sales.
5. If there were any additional income sources or donations, enter those amounts in a separate column and include them in the overall revenue calculation.
6. Verify that the total revenue calculated matches the actual amount collected during the event. This step helps to ensure that no errors were made during the recording process.
7. Finally, compare the total revenue with the expenses incurred during the event. This will allow you to determine the profit or loss from the charity game and evaluate its overall success.

Who needs charity game ticket reconciliation?

1. Event organizers: Charity game ticket reconciliation is crucial for event organizers as it helps them track the financial performance of the event, assess its success, and provide an accurate record for future reference or reporting purposes.
2. Charities or Non-profit Organizations: These entities often hold charity games to raise funds for their causes. Having accurate reconciliation of ticket sales and revenue helps them monitor the effectiveness of their fundraising efforts.
3. Donors and Sponsors: Individuals or businesses that contributed to the charity game have an interest in knowing how their donations were utilized. Reconciliation provides transparency and accountability, ensuring that funds were appropriately allocated and managed.

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What is charity game ticket reconciliation?

Charity game ticket reconciliation is the process of balancing the tickets sold for a charitable gaming event with the funds collected.

Who is required to file charity game ticket reconciliation?

Organizations hosting charitable gaming events are required to file charity game ticket reconciliation.

How to fill out charity game ticket reconciliation?

Charity game ticket reconciliation is typically filled out by recording the number of tickets sold, the amount of funds collected, and any discrepancies.

What is the purpose of charity game ticket reconciliation?

The purpose of charity game ticket reconciliation is to ensure that all ticket sales and funds collected at charitable gaming events are accurately accounted for.

What information must be reported on charity game ticket reconciliation?

Information such as the number of tickets sold, total funds collected, any discrepancies, and details of the charitable gaming event must be reported on charity game ticket reconciliation.