RULE NO: RULE TITLE
61D-8.002: Financial Reporting Requirements
61D-8.005: Purses and Florida Owners' Awards, Horse Racing

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 31 No. 51, December 23, 2005 issue of the Florida Administrative Weekly.

The changes are in response to written comments received from the Joint Administrative Procedures Committee.

61D-8.002 Financial Reporting Requirements.

(1) through (4) No change.

(5) Every permitholder shall keep records to show all financial activity and shall submit to the division two copies of complete audited financial statements within 120 days after the conclusion of the permitholder’s fiscal year. The financial statements shall contain, at a minimum, all reports and supplemental schedules as prescribed in the Department of Business and Professional Regulation, Division of Pari-Mutuel Wagering’s Form DBPR PMW-3690, 14-020, Uniform Reporting System Prescribed for Pari-Mutuel Permitholders, adopted and herein incorporated by Rule 61D-10.001, Florida Administrative Code reference. A copy of this document may be obtained by contacting the Division of Pari-Mutuel Wagering at 1940 North Monroe Street, Tallahassee, Florida 32399-1035. The effective date of this document is _______. All financial statements, supplemental schedules, and reports shall be examined in accordance with generally accepted auditing standards by a certified public accountant licensed to practice in Florida. The accountant shall express an opinion as to whether the financial statements, supplemental schedules, and reports are fairly stated in accordance with generally accepted accounting principles.

(6) through (9) No change.

Specific Authority 550.0251(3), (7), (9), 550.125(2)(b), 550.155(1), 550.3551(10), 550.6305(5) FS. Law Implemented 550.0251, 550.0951(5), 550.125, 550.155, 550.3551, 550.615, 550.6305, 550.6335 FS. History–New 10-20-96, Amended 12-15-97, 9-19-04, __________.

 

61D-8.005 Purses and Florida Owners’ Awards, Horse Racing.

(1) through (12)(d) No change.

(13) The division shall require specific records as necessary for conducting purse audits. A format as required by the division, shall be utilized for the reporting requirements in paragraphs (11) and (12).

(a) through (19) No change.

Specific Authority 550.2614(1), (2), (3), (4), 550.2625(2)(d) FS. Law Implemented 550.2614, 550.2625(2), 550.625, 550.655 FS. History– New 10-20-96, Amended 12-15-97, __________.