Section 402.130  Financial Statements

a)         At the end of each meet, each concessionaire shall prepare and submit to the Board a record of its operations at the track. The report shall include verified financial statements including:

1)         Balance sheet; and

2)         a statement of profit and loss showing the concessionaire's combined operations for that year; and the results of such operations for each specified racing meet at which the concessionaire conducted business during the year.

b)         Income and expense items shall be shown in such detail as required in accordance with generally accepted accounting principles. Such report shall be filed with the Board within 75 days after the end of each individual meet.