DOCSLIB.ORG

Wisconsin Lottery Department of Revenue

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Wisconsin Lottery Department of Revenue Report 13-11 July 2013 Wisconsin Lottery Department of Revenue Legislative Audit Bureau n Report 13-11 July 2013 Wisconsin Lottery Department of Revenue Joint Legislative Audit Committee Members Senate Members: Assembly Members: Robert Cowles, Co-chairperson Samantha Kerkman, Co-chairperson Mary Lazich Howard Marklein Alberta Darling John Nygren Kathleen Vinehout Jon Richards John Lehman Melissa Sargent Report 13-11 July 2013 LEGISLATIVE AUDIT BUREAU State Auditor The Bureau is a nonpartisan legislative service agency responsible Joe Chrisman for conducting financial and program evaluation audits of state agencies. The Bureau’s purpose is to provide assurance to the Special Assistant Legislature that financial transactions and management decisions Joshua Smith are made effectively, efficiently, and in compliance with state law and that state agencies carry out the policies of the Legislature and Deputy State Auditor for Program Evaluation the Governor. Audit Bureau reports typically contain reviews of Paul Stuiber financial transactions, analyses of agency performance or public policy issues, conclusions regarding the causes of problems found, Financial Audit and recommendations for improvement. Director Sherry Haakenson Reports are submitted to the Joint Legislative Audit Committee and made available to other committees of the Legislature and to Program Evaluation the public. The Audit Committee may arrange public hearings on Supervisor Jay Schad the issues identified in a report and may introduce legislation in response to the audit recommendations. However, the findings, Financial Audit conclusions, and recommendations in the report are those of the Supervisor Legislative Audit Bureau. Shellee Bauknecht Legislative Analyst The Bureau accepts confidential tips about fraud, waste, and Dan Kleinmaier mismanagement in any Wisconsin state agency or program Legislative Auditors through its hotline at 1-877-FRAUD-17. Michelle Hoehne Lanae Nickelotti For more information, visit www.legis.wisconsin.gov/lab. Publications Coordinator Susan Skowronski Contact the Bureau at 22 East Mifflin Street, Suite 500, Madison, Wisconsin 53703; [email protected]; or (608) 266-2818. CONTENTS Letter of Transmittal 1 Report Highlights 3 Introduction 9 Wisconsin Lottery Ticket Sales 9 Wisconsin Lottery Operating Expenses 13 Staffing Levels 15 Property Tax Credits 15 Statutory Requirements 16 Lottery Game Management 19 Game Availability and Sales 19 Lotto Games 19 Instant Games 21 Evaluation of Instant Games 22 Retailer Compensation 27 Retailers Selling Lottery Tickets 27 Payments to Retailers 29 Retailer Commissions 29 Retailer Performance Program 31 Effect of Short-term Incentives on Sales 34 Audit Opinion 37 Independent Auditor’s Report on the Financial Statements of the Wisconsin Lottery Management’s Discussion and Analysis 41 Financial Statements 51 Statement of Net Assets as of June 30, 2012, and June 30, 2011 52 Statement of Revenues, Expenses, and Changes in Net Assets for the Years Ended June 30, 2012, and June 30, 2011 53 Statement of Cash Flows for the Years Ended June 30, 2012, and June 30, 2011 54 Notes to the Financial Statements 57 Supplementary Information 79 Schedule 1—Reconciliation of Lottery General Operations Expenses to the Budgetary Basis of Accounting for the Years Ended June 30, 2012, and June 30, 2011 80 Schedule 2—Statutorily Defined Lottery Administrative Expenses for the Years Ended June 30, 2012, June 30, 2011, and June 30, 2010 81 Schedule 3—Summary of Prize Expenses for the Years Ended June 30, 2008, through June 30, 2012 82 Report on Internal Control and Compliance 83 Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Response From the Department of Revenue July 23, 2013 Senator Robert Cowles and Representative Samantha Kerkman, Co-chairpersons Joint Legislative Audit Committee State Capitol Madison, Wisconsin 53702 Dear Senator Cowles and Representative Kerkman: As authorized by s. 13.94(1)(em), Wis. Stats., we have completed an annual financial audit and a biennial program evaluation of the Wisconsin Lottery, which is administered by the Department of Revenue (DOR). We have provided an unqualified opinion on the Wisconsin Lottery’s fiscal year (FY) 2011-12 and FY 2010-11 financial statements. Sales of instant and lotto tickets increased 10.7 percent over the past five years, from $494.7 million in FY 2007-08 to $547.6 million in FY 2011-12. The Wisconsin Constitution requires that net proceeds from the Wisconsin Lottery be used exclusively for property tax relief for Wisconsin residents. From FY 2007-08 through FY 2011-12, lottery proceeds funded $700.8 million in property tax relief. Because instant game ticket sales account for the majority of the Wisconsin Lottery’s revenues, we reviewed the process to develop instant games, including those associated with trademarked and copyrighted properties. While all lottery games generate revenue to be used for property tax relief, we question whether the additional expenses associated with trademarked or copyrighted properties maximized the net revenue available for this purpose. Therefore, we recommend the Wisconsin Lottery consider discontinuing the introduction of instant games for which it must pay license fees. In addition, we found the Wisconsin Lottery overestimated the success of certain short-term retailer incentives, and we recommend it consider all relevant factors when assessing the effects of these incentives on sales. We appreciate the courtesy and cooperation extended to us by Wisconsin Lottery staff in DOR. DOR’s response follows our report. Respectfully submitted, Joe Chrisman State Auditor JC/PS/SH/ss Report Highlights We provide an unqualified A 1987 amendment to the Wisconsin Constitution allowed the opinion on the Wisconsin Legislature to create a state lottery and required that its net proceeds Lottery’s FY 2010-11 be distributed for property tax relief. The Wisconsin Lottery began and FY 2011-12 operations the following year and has been managed by the financial statements. Department of Revenue (DOR) since 1995. Lottery tickets are the Wisconsin Lottery’s primary revenue source and are sold at more Wisconsin Lottery sales increased 10.7 percent than 3,600 retailer locations in Wisconsin. The Wisconsin Lottery from FY 2007-08 offers “instant games,” which include both scratch-off and through FY 2011-12. pull-tab tickets, and “lotto games,” which were formerly known as online games. From FY 2007-08 through FY 2011-12, Wisconsin As authorized by s. 13.94(1)(em), Wis. Stats., we have completed a Lottery proceeds provided financial audit and program evaluation of the Wisconsin Lottery. $700.8 million in In conducting the financial audit, we considered internal controls, property tax relief. substantiated account balances, and verified compliance with certain We question whether laws and regulations. We have provided an unqualified opinion on the Wisconsin Lottery the Wisconsin Lottery’s financial statements for the years ended has maximized revenue June 30, 2012, and June 30, 2011. generated from the sale of certain instant games. In conducting the program evaluation, we: . examined trends in sales, operating revenues, and operating expenses; . evaluated the development and management of instant games, which generate the largest share of lottery revenue; and 3 4REPORT HIGHLIGHTS . evaluated the compensation paid to lottery retailers through commissions and the Retailer Performance Program. Revenues and Expenses As shown in Table 1, Wisconsin Lottery sales increased from $494.7 million in fiscal year (FY) 2007-08 to $547.6 million in FY 2011-12, or by 10.7 percent. Increases in ticket sales in the last several years resulted primarily from increases in the sales of instant games priced at $20 per ticket; the addition of the Mega Millions lotto game, which had a record jackpot in March 2012; and an increase in the price of a Powerball ticket from $1 to $2 in January 2012. Table 1 Wisconsin Lottery Sales (in millions) Fiscal Year Amount 2007-08 $494.7 2008-09 473.4 2009-10 480.9 2010-11 502.7 2011-12 547.6 Lottery ticket sales vary by county. In FY 2011-12, lottery sales ranged from less than $200,000 in Menominee County to more than $100 million in Milwaukee County. We also found that FY 2011-12 per capita sales ranged from $59 per adult in Menominee County to $200 per adult in Marinette County. In FY 2011-12, the Wisconsin Lottery’s operating expenses totaled $391.2 million and included $320.1 million in prizes paid to winning ticket holders. Operating expenses increased by 8.6 percent from FY 2010-11 to FY 2011-12 because expenses generally increase as ticket sales increase. Other expenses included retailer compensation, game development and production costs, product information costs, and staff salaries and fringe benefits. The number of full-time equivalent (FTE) positions authorized for the Wisconsin Lottery REPORT HIGHLIGHTS 5 decreased from 97.85 in July 2008 to 82.70 in July 2012. However, an additional 4.0 FTE positions were authorized by 2013 Wisconsin Act 20, the 2013-15 Biennial Budget Act. Property Tax Relief The Wisconsin Constitution requires that net proceeds from the Wisconsin Lottery be used exclusively for property tax relief for Wisconsin residents. From FY 2007-08 through FY 2011-12, Wisconsin Lottery proceeds provided $700.8 million in property tax relief. Statutes require that each year at least 50 percent of Wisconsin Lottery sales be returned to players as prize payments. In FY 2011-12, the prize payout percentage was 58.5 percent, which increased from 58.2 percent in the prior year. Statutes limit certain Wisconsin Lottery administrative expenses to no more than 10 percent of gross lottery revenues. FY 2011-12 administrative expenses were 6.1 percent of gross lottery revenues. Lottery Game Management Effective game development and management help to maximize sales revenue and increase the net proceeds available to fund property tax relief.
Load more

Recommended publications
  • Bryan Steil Opposition Research
    Bryan Steil (WI-01) Research Report The following report contains research on Bryan Steil, a Republican candidate in Wisconsin’s 1st Congressional district. By accepting this report, you are accepting responsibility for all information and analysis included. Therefore, it is your responsibility to verify all claims against the original documentation before you make use of it. Make sure you understand the facts behind these conclusions before making any specific charges against anyone. Bryan Steil Opposition Research Updated: June 15, 2018 1 Table Of Contents Table Of Contents ............................................................................................................................................................ 2 Summary Notes ................................................................................................................................................................ 4 Biographical Summary ..................................................................................................................................................................................... 4 Top Issue Summaries ........................................................................................................................................................................................ 5 Issue Position Summaries ............................................................................................................................................................................... 7 Top Issues .........................................................................................................................................................................
    [Show full text]
  • WISN DIVISION - the HEARST : CORPORATION : : ------Appearances: Lawton & Cates, S.C., by Mr
    BEFORE THE ARBITRATOR --------------------- : In the Matter of the Arbitration : of a Dispute Between : : RADIO AND TELEVISION BROADCAST : ENGINEERS, LOCAL UNION NO. 715 : Case 15 OF THE INTERNATIONAL BROTHERHOOD : No. 50698 OF ELECTRICAL WORKERS : A-5195 : and : : WISN DIVISION - THE HEARST : CORPORATION : : --------------------- Appearances: Lawton & Cates, S.C., by Mr. Bruce M. Davey, on behalf of the Union. Quarles & Brady, by Mr. Robert H. Duffy, and Mr. Michael H. Grebe, on behalf ARBITRATION AWARD The above-entitled parties, herein "Union" and "Station", are privy to a collective bargaining agreement providing for final and binding arbitration. Pursuant thereto, hearing was held in Milwaukee, Wisconsin, on July 29, 1994. The hearing was transcribed and both parties filed briefs which were received by September 26, 1994. Based upon the entire record and the arguments of the parties, I issue the following Award. ISSUE The parties have agreed to the following issue: Whether there was just cause to discharge grievant Greg Zabolocky and, if not, what is the appropriate remedy? DISCUSSION The Station operates a television station in Milwaukee, Wisconsin, where it produces a television show called "The Money Game". That weekly thirty- minute show is taped every Friday afternoon before a live audience for subsequent showings. It centers on the Wisconsin Lottery and the approximately 50 or so finalists who are called into the television studio where some of them are chosen to participate in the weekly game, with the ultimate winner receiving about $60,000. A representative from the accounting firm of Conley McDonald - which has a contract with the Wisconsin Lottery - attends each show so that he/she can help ensure that certain procedures are correctly followed and that contestants' names are properly drawn from a drum.
    [Show full text]
  • Wisconsin Lottery Powerball Lotto Game Features and Procedures
    APPROVED BY WISCONSIN LOTTERY August 2021 FEATURES AND PROCEDURES WISCONSIN'S POWERBALL A. The theme and name of the game: The name of this game is WISCONSIN’S POWERBALL. It is a game in which the player selects both a set of five (5) different numbers from one (1) to sixty-nine (69) and one (1) additional number, the Powerball, from one (1) to twenty-six (26). At the player’s option, numbers may be player-selected or randomly selected by computer. The five (5) winning numbers are randomly selected by a drawing, plus one (1) additional number, the Powerball, is randomly selected by a drawing. A pari-mutuel prize is awarded for matching in any order five (5) of the five (5) numbers drawn plus the Powerball. Set prizes are awarded for matching the Powerball plus matching, in any order, four (4), three (3), two (2), one (1), or zero (0) numbers in the set of five (5) numbers drawn; and for matching, in any order, five (5), four (4), or three (3) of the numbers in the set of five (5) numbers drawn without matching the Powerball. The Wisconsin Lottery is a member of the Multi-State Lottery (MUSL) Powerball product group. The Powerball Product Group Rules, hereafter called Group Rules, attached hereto are, by reference, incorporated into and made a part of these Features and Procedures. These Features and Procedures shall be interpreted in a manner which is consistent with the Group Rules. In the event of a conflict between these Features and Procedures and the Group Rules, these Features and Procedures shall control.
    [Show full text]
  • WI Lottery Mega Millions Lotto Game Brochure
    JACKPOT STARTS AT $40 MILLION $2 PER PLAY WHERE TO FIND WINNING NUMBERS $2 PER PLAY Drawings every Tuesday and Friday • Visit your local Wisconsin Lottery retailer Drawings every Wednesday and Saturday • Visit our website: wilottery.com • Call our 24-Hour Player Hotline: 608-266-7777 • Join Players Club for daily emails HOW TO PLAY POWERBALL: – Examples: If you added Power Play and your HOW TO PLAY MEGA MILLIONS: HOW TO WIN MEGA MILLIONS: • Subscribe for text alerts A weekly chance to win $1,000 1. Choose five different numbers from 1 to 69 and prize is $100 and the Power Play multiplier drawn 1. Choose five different numbers from 1 to 70 and Match Win Odds one Powerball number from 1 to 26. was 3X, you win $300 ($100 X 3). If you added one Mega Ball number from 1 to 25. 5 of 5 + Mega Ball JACKPOT* 1:302,575,350 with non-winning tickets! Power Play and your prize is $50,000 and the REDEEMING A WINNING TICKET 2. Place wagers by asking for a QUICK PICK or 2. Place wagers by asking for a QUICK PICK or 5 of 5 $1,000,000 1:12,607,307 Super 2nd Chance Power Play multiplier drawn was 5X, you win Up to $600 to $501,000 by using the Powerball playslip. Playslips are by using the Mega Millions playslip. Playslips are 4 of 5 + Mega Ball $10,000 1:931,002 P.O. Box 77006 $250,000 ($50,000 X 5). 4 of 5 $500 1:38,792 Location $599 $500,999 and Over available at Wisconsin Lottery retailers.
    [Show full text]
  • For Immediate Release April 2, 2020 Contact: Anna Domoto 515-453-1401 [email protected]
    For Immediate Release April 2, 2020 Contact: Anna Domoto 515-453-1401 [email protected] Update – Game sales and interest rates to determine advertised Powerball jackpot Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminated URBANDALE, Iowa – The Powerball Product Group today announced its decision to determine Powerball’s advertised jackpot based on game sales and interest rates. Following the April 8 drawing, guaranteed starting jackpot amounts and minimum jackpot increases will be eliminated, and future jackpot increases will be determined and announced by the Product Group prior to each drawing. Previously, Powerball® jackpots started at $40 million (annuity) and increased by a minimum of $10 million (annuity) between drawings. “These changes are necessary to ensure that ticket sales can support the Powerball jackpot and other lower-tier cash prizes,” said Gregg Mineo, Powerball Product Group Chairman and Maine Lottery Director. “Our number one priority is making sure that the Powerball game can continue to assist lotteries in raising proceeds for their beneficiaries.” The Powerball Product Group announced plans last week to reduce the starting jackpot to $20 million (annuity) and minimum jackpot increases to $2 million (annuity) between drawings. Those changes were scheduled to go into effect after the current jackpot was won. However, due to the evolving COVID-19 pandemic, the Powerball Product Group revisited the topic and decided Powerball’s advertised jackpot should be determined by game sales and interest rates effective following the drawing next Wednesday. “Since last week, more states and cities have asked their residents to stay at home, which has affected normal consumer behaviors and Powerball game sales,” said Mineo.
    [Show full text]
  • Powerball Fact Sheet
    Powerball® GENERAL INFORMATION The Powerball® game was created by the Multi-State Lotto Association (MUSL) and was designed after players said they wanted a chance at big jackpots, but also a chance to win significant smaller prizes. The game has seen continued growth since it started in its original form as Lotto America 7/40, which began sales on February 10, 1988. Powerball began sales on April 19, 1992, with the first drawing on April 22, 1992. There are currently 33 membership lotteries that form MUSL and offer Powerball to their players. They are the Arizona Lottery, Arkansas Scholarship Lottery, Colorado Lottery, Connecticut Lottery Corporation, D.C. Lottery & Charitable Games Control Board, Delaware State Lottery, Florida Lottery, Idaho Lottery, Indiana (Hoosier) Lottery, Iowa Lottery Authority, Kansas Lottery, Kentucky Lottery Corporation, Louisiana lottery Corporation, Maine State Lottery, Minnesota State Lottery, Missouri Lottery, Montana Lottery, Nebraska Lottery, New Hampshire Lottery Commission, New Mexico Lottery Authority, North Carolina Education Lottery, North Dakota Lottery, Oklahoma Lottery Commission, Oregon Lottery, Pennsylvania Lottery, Rhode Island Lottery, South Carolina Education Lottery, South Dakota Lottery, Tennessee Education Lottery Corporation, Virgin Islands Lottery, Vermont Lottery, West Virginia Lottery, and the Wisconsin Lottery. The newest MUSL member, the Arkansas Scholarship Lottery, began sales on October 31, 2009. All profits from the games are kept by the state that sells the ticket. The association conducts drawings, performs central game administration (including game development and research), and manages central accounting and the purchase of government securities to fund annuitized prizes. TOP 25 POWERBALL JACKPOTS Prize Amount Draw Date Tickets Sold Winners 1.
    [Show full text]
  • Rhode Island Lottery Product Offerings
    Rhode Island Lottery An Enterprise Fund of the State of Rhode Island and Providence Plantations Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 Prepared by the Finance Department Rhode Island Lottery Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 T A B L E O F C O N T E N T S Introductory Section Letter of Transmittal ....................................................................................................................... 1 Certificate of Achievement for Excellence in Financial Reporting .............................................. 12 Organizational Chart ..................................................................................................................... 13 Principal Officials ......................................................................................................................... 14 Financial Section Independent Auditor’s Report ....................................................................................................... 15 Management’s Discussion and Analysis ....................................................................................... 17 Basic Financial Statements Statement of Net Assets .................................................................................................... 26 Statement of Revenue, Expenses, and Changes in Net Assets ......................................... 27 Statement of Cash Flows ..................................................................................................
    [Show full text]
  • Wisconsin Lottery Fiscal Year 2014-15
    Report 16-7 July 2016 Wisconsin Lottery Fiscal Year 2014-15 Legislative Audit Bureau n Report 16-7 July 2016 Wisconsin Lottery Fiscal Year 2014-15 Joint Legislative Audit Committee Members Senate Members: Assembly Members: Robert Cowles, Co-chairperson Samantha Kerkman, Co-chairperson Mary Lazich John Macco Alberta Darling John Nygren Kathleen Vinehout Melissa Sargent Janet Bewley Terese Berceau Report 16-7 July 2016 LEGISLATIVE AUDIT BUREAU State Auditor The Bureau is a nonpartisan legislative service agency responsible Joe Chrisman for conducting financial audits and performance evaluations of state agencies. The Bureau’s purpose is to provide assurance to the Special Assistant to Legislature that financial transactions and management decisions the State Auditor are made effectively, efficiently, and in compliance with state law Anne Sappenfield and that state agencies carry out the policies of the Legislature and Financial Audit the Governor. Audit Bureau reports typically contain reviews of Director financial transactions, analyses of agency performance or public Kendra Eppler policy issues, conclusions regarding the causes of problems found, and recommendations for improvement. Team Leader Amelia Slaney Reports are submitted to the Joint Legislative Audit Committee and made available to other committees of the Legislature and to Auditors the public. The Audit Committee may arrange public hearings on Jake Gasser the issues identified in a report and may introduce legislation in Caryn Names response to the audit recommendations. However, the findings, Jon Thomas conclusions, and recommendations in the report are those of the Joe Westby Legislative Audit Bureau. Publications and Design Coordinator The Bureau accepts confidential tips about fraud, waste, and Susan Skowronski mismanagement in any Wisconsin state agency or program through its hotline at 1-877-FRAUD-17.
    [Show full text]
  • Wisconsin Lottery Super Second Chance Winners Lottery Results
    Wisconsin lottery super second chance winners lottery results Results & Winners; Claim Ready for your 2nd Chance? Sign in or create a Lottery account to enter your non-winning Scratchers codes into Scratchers 2nd Chance To help protect our Lottery players, we include only the first initial of our winners' How the Super 2nd Chance Drawing Works. Wisconsin Lottery.Wisconsin Offers Super 2nd Chance. Posted in Lottery News, State Lottery, Wisconsin Lottery. May 20, 2013 – The Wisconsin Lottery is offering a second chance to win Results, draw dates and winning numbers for the Wisconsin Lottery. Wisconsin Super the winning numbers from Associated Press releases from the Lottery on Big Green was WI residents' first chance to play a lottery and became Super 2nd Chance winners and rules from the Wisconsin Lottery2nd Chance; Results & Winners; Play Overview Easily search for Lottery retailers that have paid out large amounts of prizes to players. RESULTS & WINNERSApr 1, 2013 Collect at least $5 worth of eligible non-winning instant and/or lotto tickets for Visit the official Pennsylvania Lottery website for the latest PA How To Play Winners Second Chance messages* with Lottery winning numbers results.The Minnesota Lottery's official home on the internet for winning numbers, games, contests, prizes, winners enter your ticket for a second chance to win a pair by the Wisconsin Lottery. Every Thursday, 10 losing tickets Results & Winners; Claim The SuperLotto Plus 2nd Chance code SuperLotto Plus 2nd Chance provides players with a second chance at winning thousands of dollars The Wisconsin Lottery is run by the Wisconsin Department of Revenue along with lottery news, and a second-chance drawing of known as the Super Money 05/11/2017 · To help protect our Lottery players, we include only the first initial of our winners' last names on our website.
    [Show full text]
  • FOR IMMEDIATE RELEASE Julie
    FOR IMMEDIATE RELEASE Julie Baldridge, 501-683-1877 Arkansas Scholarship Lottery Powerball® Sales Exceed $1 Million Since Launch (Little Rock, November 5, 2009)—The Arkansas Scholarship Lottery (ASL) celebrated the advent of the sale of Powerball® tickets by announcing that total sales were $1,095,100, through November 4, 2009. Arkansas became the 31st state, along with the District of Columbia and the U.S. Virgin Islands, to offer the game when ticket sales began at 10:15 p.m. on Saturday, October 31, 2009. “This is extraordinary and surpassed all our expectations,” said Ernie Passailaigue, Arkansas Scholarship Lottery Executive Director. “The real winners from the sale of the Powerball® game are Arkansas students, who will reap the true reward of offering this multi-state jackpot game.” Arkansas lottery players did win as well, as 19,694 players won $148,576.00 in prizes. Because the jackpot was not hit, the Powerball® estimated annuitized jackpot for the drawing on Saturday, November 7th is $80 million. About Powerball® and the Arkansas Scholarship Lottery: Powerball® is sold by 33 lotteries: Arizona Lottery, Arkansas Scholarship Lottery, Colorado Lottery, Connecticut Lottery Corporation, D.C. Lottery and Charitable Games Control Board, Delaware Lottery, Florida Lottery, Idaho Lottery, Hoosier Lottery, Iowa Lottery Authority, Kansas Lottery, Kentucky Lottery Corporation, Louisiana Lottery Corporation, Maine State Lottery, Minnesota State Lottery, Missouri State Lottery, Montana Lottery, Nebraska Lottery, New Hampshire Lottery Commission, New Mexico Lottery Authority, North Carolina Education Lottery, North Dakota Lottery, Oklahoma Lottery Commission, Oregon Lottery, Pennsylvania Lottery, Rhode Island Lottery, South Carolina Education Lottery, South Dakota Lottery, Tennessee Education Lottery Corporation, Virgin Islands Lottery, Vermont Lottery, Wisconsin Lottery, and the West Virginia Lottery.
    [Show full text]
  • Wisconsin Lottery
    Report 11-6 May 2011 An Audit Wisconsin Lottery Department of Revenue 2011-2012 Joint Legislative Audit Committee Members Senate Members: Assembly Members: Robert Cowles, Co-chairperson Samantha Kerkman, Co-chairperson Mary Lazich Kevin Petersen Alberta Darling Robin Vos Kathleen Vinehout Andy Jorgensen Julie Lassa Jon Richards LEGISLATIVE AUDIT BUREAU The Bureau is a nonpartisan legislative service agency responsible for conducting financial and program evaluation audits of state agencies. The Bureau’s purpose is to provide assurance to the Legislature that financial transactions and management decisions are made effectively, efficiently, and in compliance with state law and that state agencies carry out the policies of the Legislature and the Governor. Audit Bureau reports typically contain reviews of financial transactions, analyses of agency performance or public policy issues, conclusions regarding the causes of problems found, and recommendations for improvement. Reports are submitted to the Joint Legislative Audit Committee and made available to other committees of the Legislature and to the public. The Audit Committee may arrange public hearings on the issues identified in a report and may introduce legislation in response to the audit recommendations. However, the findings, conclusions, and recommendations in the report are those of the Legislative Audit Bureau. For more information, write the Bureau at 22 East Mifflin Street, Suite 500, Madison, WI 53703, call (608) 266-2818, or send e-mail to [email protected].
    [Show full text]
  • Rhode Island Lottery Product Offerings
    Rhode Island Lottery An Enterprise Fund of the State of Rhode Island and Providence Plantations Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2012 Prepared by the Finance Department Rhode Island Lottery Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2012 T A B L E O F C O N T E N T S Introductory Section Letter of Transmittal ....................................................................................................................... 1 Certificate of Achievement for Excellence in Financial Reporting .............................................. 12 Organizational Chart ..................................................................................................................... 13 Principal Officials ......................................................................................................................... 14 Financial Section Independent Auditor’s Report ....................................................................................................... 15 Management’s Discussion and Analysis ....................................................................................... 17 Basic Financial Statements Statement of Net Assets .................................................................................................... 26 Statement of Revenue, Expenses, and Changes in Net Assets ......................................... 27 Statement of Cash Flows ..................................................................................................
    [Show full text]