BC Licensed Charitable Gaming Rules
PAC Licensed Gaming Information Bulletin
Many PACs engage in fundraising activities throughout the year to enhance the extracurricular opportunities of students attending the school. One form of fundraising is conducting a ticket raffle, such as 50/50 percentage draws, and draws where prizes such as movie tickets, holiday gift baskets, Canuck tickets and other are awarded. Typically, prize winners are determined through the drawing of ticket stubs placed in a draw container.
The Compliance Division of Gaming Policy and Enforcement Branch (GPEB) has put together this information bulletin to provide PACs with a quick checklist of the key controls that must be adhered to when conducting a ticket raffle.
PAC Internal Control Information Bulletin:
The Compliance Division of Gaming Policy and Enforcement Branch (GPEB) has put together this information bulletin to help PACs enhance their control environment and compliance with applicable gaming legislation.
PACs are accountable to its members, which consists of parents or guardians of students attending the school. PACs are often at higher risk of theft or fraud because of a lack of segregation of duties, high board turnover, and smaller boards. Further, throughout the school year, many PACs handle cash received from licensed gaming events. Having effective internal controls helps to reduce the risk of funds being misappropriated and ensures that accounting information and financial reporting is accurate.
