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4/6/2018 2:11:36 PM
 
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Section 5: OPA Board Subject: Casino Funds History Msg# 1010110
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Since the monies are specifically designated for infrastructure by the provider (in essence the government authority) it is appropriate to offset the increase in the cash account with an increase in some designated revenue account. The account is included in OP's general ledger.
Can you translate the above? Specifically, should the income of $300,000 be listed as revenue in the budget process and thus impact the assessment? |
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For reference, the above message is a reply to a message where: Hello Ev With regard to the accounting for the allocation to OP of casino taxes I can shed some light. Since the monies are specifically designated for infrastructure by the provider (in essence the government authority) it is appropriate to offset the increase in the cash account with an increase in some designated revenue account. The account is included in OP's general ledger. The accounting sounds just right to me. Thanks for your interest in the detail. Don |
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