The annual audits and annual reviews required are due on or before the last day of the sixth month following the organization's fiscal year end or on an extended due date.
A written request to file the annual audit or annual review after the required due date must be submitted to the Department of Revenue by the required annual audit or annual review due date. The request must be signed by the organization's chief executive officer, gambling manager, or the independent accountant performing the audit. The request must include the:
organization's license number;
organization's fiscal year end;
reason for the request; and
expected completion date.
An automatic 30-day extension will be granted in each fiscal year. Second requests for an extension or requests for extensions exceeding 30 days will be granted only upon a showing of reasonable cause. "Reasonable cause" shall mean cases where the reasons for the filing delay are beyond the control of the organization. Acceptable reasons for granting an additional extension include, but are not limited to:
delay or failure to file was due to serious illness or death of the accountant or a key member of the accountant's staff;
delay or failure to file was due to erroneous information given the organization by a Department of Revenue employee; or
delay or failure to file was caused by the destruction by fire or other casualty of the organization's place of business or business records.
20 SR 1482; L 2005 c 151 art 1 s 114
November 14, 2006