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This document is a financial report template for small raffles, detailing ticket sales, prize costs, expenses, and net proceeds. It certifies that the proceeds will be used for charitable purposes as per the licensing agreement with SLGA.

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How to fill out small raffle financial report

01

Gather all financial records related to the raffle such as ticket sales, donations, and expenses.

02

In the report, start with the total amount of tickets sold and the price per ticket.

03

List all income generated from ticket sales and any additional donations received.

04

Detail any expenses incurred during the raffle such as venue costs, advertising, and prizes.

05

Calculate the net profit by subtracting total expenses from total income.

06

Complete the report by providing a summary that includes the purpose of the raffle and how the proceeds will be utilized.

Who needs small raffle financial report?

01

Organizations or charities that conduct small raffles for fundraising purposes.

02

Regulatory agencies that require financial compliance and transparency.

03

Participants and stakeholders who are interested in the financial outcomes of the raffle.

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What is small raffle financial report?

A small raffle financial report is a document that provides a summary of the financial activities related to a raffle event, including income generated, expenses incurred, and the distribution of proceeds.

Who is required to file small raffle financial report?

Organizations or individuals who conduct a small raffle and meet specific legal requirements set by state or local laws are typically required to file a small raffle financial report.

How to fill out small raffle financial report?

To fill out a small raffle financial report, gather all financial records related to the raffle, complete the required sections detailing income, expenses, and net proceeds, and ensure all information is accurate before submission.

What is the purpose of small raffle financial report?

The purpose of the small raffle financial report is to provide transparency and accountability regarding the financial outcomes of the raffle, ensuring compliance with regulations and enabling proper reporting to stakeholders.

What information must be reported on small raffle financial report?

The information that must be reported includes total income from ticket sales, expenses related to the raffle, prizes awarded, and the net proceeds allocated for designated purposes.

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