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Can you summarize OHAC Rule 3772-10-17?
Internal Control Systems > Accounting controls for the cage, main bank, and redemption kiosks.
Short Summary
This document, governed by the Ohio Administrative Code and the Ohio Casino Control Commission, outlines the accounting controls that must be implemented by casino operators for the cage, main bank, and redemption kiosks. The internal controls of the casino operators must include procedures for staff organization, shift timings, documentation and security for fund transfers, perpetual inventory recording and reconciliation, imprest amount transfers, and key control for fund security. Any variances in the cages, main bank, or redemption kiosks must be documented and a system must be in place to identify variances by each individual cashier or redemption kiosk. Variances exceeding five hundred dollars must be reported to the commission and investigated by the casino operator. The cage accountability must be reconciled to the general ledger monthly. Redemption kiosks must be returned to an imprest amount and reconciled as per the internal controls. The document also specifies procedures for redemption kiosk reconciliation, removal and counting of currency and vouchers, fills and drops of redemption kiosks, and documentation of imprest amounts. Additionally, it requires the preparation of a monthly trial balance of gaming operation accounts receivable, which must be reconciled to the general ledger. All cage and credit accounting procedures must be documented and provided to the commission upon request.
Whom does it apply to?
Casino operators
What does it govern?
Accounting controls for the cage, main bank, and redemption kiosks
What are exemptions?
No exemptions are mentioned
What are the Penalties?
Not specified
Jurisdiction
Ohio