(a) The net proceeds of a bingo game shall be devoted to the charitable purposes of the bingo permit holder. All reasonable expenses incurred in connection with the holding, operating, or conducting of bingo, including the following bona fide expenses, in reasonable amounts, shall be allowed: (1) The purchase or rental of equipment necessary for conducting bingo and the payment of services reasonably necessary for repair of the equipment. (2) Payment of cash prizes or the purchase of prizes of merchandise. (3) Reasonable rental or mortgage payment on the location at which bingo is being conducted. (4) The money paid to bingo workers for the operation and conducting of each bingo session. (5) Utilities. (6) Janitorial services. (7) Security services. (8) The cost of a bank checking account. (9) The fee required for the issuance or reissuance of a bingo permit. (10) Insurance premiums. (b) All monies collected, other than referenced above, shall be paid to the charitable entity designated by the bingo permit holder.
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