DOCSLIB.ORG

June 30, 2011

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
June 30, 2011 Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Alicia Rose Jonesboro Chukwukere Ekeh Ratasha Whaley Shayla Morrow North Little Rock Blytheville Hartman Bradley Huggins Jessica Corbitt Benton Lexa Comprehensive Annual Financial Report for the Fiscal Year Ended JUNE 30, 2011 Kent Broughton Brandon Booth Pine Bluff Little Rock Receiving this scholarship has helped me tremendously with my finances and has given me THE OPPORTUNITY TO SUCCEED in reaching my future goals. While furthering my education has been costly, being a recipient has helped me with my undergraduate experiences and my overall life.” Britni Means | Junior Philander Smith College Malvern Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 Mike Beebe Governor, State of Arkansas Julie Baldridge Interim Director Prepared by Finance Division I am currently a freshman at Arkansas State University majoring in the Radiologic Sciences program. Upon receiving the Arkansas Lottery Scholarship, I have been able to pursue my EDUCATIONAL DREAMS without the burden of financial instability. I am blessed to have received this scholarship for it has allowed me to focus more on my studies while reducing my parents’ fear of not being able to financially support my decision to attend college.” Kourtney Hatcher | Freshman Arkansas State University Jonesboro Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 Table of Contents INTRODUCTORY SECTION Letter from Commission Chairman ............................................................................................................... i Letter of Transmittal .................................................................................................................................... iii Listing of Commissioners ................................................................................................................................... xii Organizational Chart ................................................................................................ .............. ..........................xiv Department Overview ................................................................................................ .............. .........................xv Mission, Vision, Values ................................................................................................ .......... ..........................xvi FINANCIAL SECTION Independent Auditor’s Report.................................................... ...................... ....................................................1 Management’s Discussion and Analysis ..................................... ................ ..................................................3 Basic Financial Statements Statement of Net Assets........................................................... ........................ ..........................................11 Statement of Revenue, Expenses, and Changes in Net Assets .......... .................... ................................12 Statement of Cash Flows....................................................................... ........................ ............................13 Notes to Financial Statements........... ........................... .................................................................................15 STATISTICAL SECTION Financial Trends Principal Revenue Sources............ .................................................................................. ..........................28 Revenues, Expenses and Change in Net Assets.................... ....................................... ...........................29 Net Assets by Component...................................... .......................................................... .........................30 Changes in Cash and Cash Equivalents........ ................................................................................ ...........31 Demographics and Operation Information Total Personal and Per Capita Income and Unemployment Rate ............................................................ 32 State of Arkansas Principal Employers...................................................................... .................... ............33 Employees by Department and Function......................... ............................................................... ...........34 Capital Assets by Department.................................................................................................................... 35 National Lottery Statistics U.S. Lotteries’ Sales ....... ....................................................................................................... ....................36 Demographic Summary ....... ................................................................................................. ....................38 Supplementary Information Unclaimed Lottery Prize Money ......................................................................................................................... 39 Scholarship Shortfall Reserve Trust Account .................................................................................................... 40 Minority-owned and Female-owned Business Participation ............................................................................. 41 Retail Sales by County....................................................................................................................................... 42 Demographic Reports from the Arkansas Department of Higher Education .................................................... 44 I was worried that because I have my GED, I would not be eligible for any scholarships. Then I heard about the Arkansas Academic Challenge Scholarship and that the Lottery funding helped make the scholarship available for nontraditional students as well, so I decided I should try for it. The day I found out I had been awarded the Arkansas Academic Challenge Scholarship, I FELT AS IF I HAD WON THE LOTTERY!” Melissa Kimball | Sophomore National Park Community College Hot Springs Table of Contents, continued Projected Obligations from Scholarship and Grant Funding Sources .............................................................. 45 Academic Challenge Scholarship Applications and Awards by County ........................................................... 46 Debt Set-off Collections ..................................................................................................................................... 48 Fund Balances and Other Information from Arkansas Department of Higher Education ................................ 49 Term Contracts for Goods and Service ............................................................................................................. 50 Other Reports 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 ................................................................................................................... 51 By receiving this scholarship, I am able to focus on my studies and to work in GIVING BACK TO THE COMMUNITY. As a result of this scholarship, I do not have to hold a full time job, and, in turn, I volunteer as a youth soccer coach for the City of Fayetteville. It certainly eases the burden of attending school and I am very grateful for this opportunity.” James Russell | Senior University of Arkansas Fayetteville INTRODUCTORY SECTION OUR FAVORITE THING ABOUT THE LOTTERY IS IT BRINGS IN PLENTY OF BUSINESS.” - Penny Freeman & Terrie Starkey Toad Suck One-Stop Bigelow There is no way to fully express my gratitude for this award. Your support has definitely played a key role IN HELPING ME work toward my degree.” Jalesa McDaniel | Sophomore Phillips Community College of the University of Arkansas Helena-West Helena Fellow Arkansans: On behalf of the Arkansas Lottery Commission, it is our pleasure to present an overview of the organization’s fiscal year ended June 30, 2011. The people of Arkansas faced incredible challenges during this year, includ- ing tornadoes, severe flooding, and record-high temperatures, and these difficulties also impacted Lottery employees and retailer partners throughout the state during this first full year of operation. Still, the Arkansas Scholarship Lottery saw sales exceeding $464.0 million for fiscal year 2010-2011. At a time when tuition costs continue to rise and financial insecurities trouble many Arkansans, it is more im- portant than ever for the Lottery to maximize dollars for education. This year, your Lottery transferred over $94 million to the Arkansas Department of Higher Education. By the end of fiscal year 2010-2011, the Lottery had raised more than $177 million for college scholarships and had sold more than $847.7 million in lottery products since inception. And, of course, our continued success wouldn’t be possible without our team of over 1,850 retailers. Commis- sions totaling over $26.2 million, over five cents of every dollar spent on Lottery play, was returned to grocery stores, gas stations, convenience stores, and drug stores this fiscal year. We extend our thanks to them and to so many others who continue to support the Arkansas Scholarship Lottery. By working together as a team, we are creating
Load more

Recommended publications
  • A Many-Storied Place
    A Many-storied Place Historic Resource Study Arkansas Post National Memorial, Arkansas Theodore Catton Principal Investigator Midwest Region National Park Service Omaha, Nebraska 2017 A Many-Storied Place Historic Resource Study Arkansas Post National Memorial, Arkansas Theodore Catton Principal Investigator 2017 Recommended: {){ Superintendent, Arkansas Post AihV'j Concurred: Associate Regional Director, Cultural Resources, Midwest Region Date Approved: Date Remove not the ancient landmark which thy fathers have set. Proverbs 22:28 Words spoken by Regional Director Elbert Cox Arkansas Post National Memorial dedication June 23, 1964 Table of Contents List of Figures vii Introduction 1 1 – Geography and the River 4 2 – The Site in Antiquity and Quapaw Ethnogenesis 38 3 – A French and Spanish Outpost in Colonial America 72 4 – Osotouy and the Changing Native World 115 5 – Arkansas Post from the Louisiana Purchase to the Trail of Tears 141 6 – The River Port from Arkansas Statehood to the Civil War 179 7 – The Village and Environs from Reconstruction to Recent Times 209 Conclusion 237 Appendices 241 1 – Cultural Resource Base Map: Eight exhibits from the Memorial Unit CLR (a) Pre-1673 / Pre-Contact Period Contributing Features (b) 1673-1803 / Colonial and Revolutionary Period Contributing Features (c) 1804-1855 / Settlement and Early Statehood Period Contributing Features (d) 1856-1865 / Civil War Period Contributing Features (e) 1866-1928 / Late 19th and Early 20th Century Period Contributing Features (f) 1929-1963 / Early 20th Century Period
    [Show full text]
  • Amendments to the Constitution of Arkansas of 1874
    AMENDMENTS TO THE CONSTITUTION OF ARKANSAS OF 1874 Constitution Of The State Of Arkansas Of 1874 AMENDMENTS TO THE CONSTITUTION OF ARKANSAS OF 1874 AMEND. 1. “HOLFORD” BONDS (CONST., ART. 20 ADDED). AMEND. 2. REGULATION OF CARRIERS (CONST., ART. 17, § 10 AMENDED). AMEND. 3. COUNTY ROAD TAX [REPEALED.] AMEND. 4. SURETIES ON OFFICIAL BONDS (CONST., ART. 19, § 21 AMENDED). AMEND. 5. PER DIEM AND MILEAGE OF GENERAL ASSEMBLY (CONST., ART. 5, § 16 AMENDED). AMEND. 6. EXECUTIVE DEPARTMENT AND OFFICERS (CONST., ART. 6, § 1, AMENDED AND SECTIONS ADDED). AMEND. 7. INITIATIVE AND REFERENDUM (CONST., ART. 5, § 1, AMENDED). AMEND. 8. QUALIFICATIONS OF ELECTORS (CONST., ART. 3, § 1, AMENDED). AMEND. 9. SUPREME COURT. AMEND. 10. LIMITATION ON LEGISLATIVE AND TAXING POWER (CONST., ART. 12, § 4, AMENDED). AMEND. 11. SCHOOL TAX (CONST., ART. 14, § 3, AMENDED). AMEND. 12. TEXTILE MILLS, TAX EXEMPTION. AMEND. 13. [REPEALED.] AMEND. 14. LOCAL ACTS. AMEND. 15. SALARIES OF STATE OFFICERS. AMEND. 16. JURY TRIAL (CONST., ART. 2, § 7, AMENDED). AMENDMENTS TO THE CONSTITUTION OF ARKANSAS OF 1874 AMEND. 17. [REPEALED.] AMEND. 18. TAX TO AID INDUSTRIES. AMEND. 19. PASSAGE OF LAWS (CONST., ART. 5, §§ [37]-[41] ADDED). AMEND. 20. STATE BONDS. AMEND. 21. CRIMINAL PROSECUTIONS - SALARIES OF PROSECUTORS. AMEND. 22. EXEMPTION OF HOMESTEADS FROM CERTAIN STATE TAXES. AMEND. 23. APPORTIONMENT (CONST., ART. 8 AMENDED). AMEND. 24. PROBATE COURTS - CIRCUIT AND COUNTY CLERKS (CONST., ART. 7, §§ 19, 34, 35, AMENDED). AMEND. 25. [REPEALED.] AMEND. 26. WORKERS' COMPENSATION (CONST., ART. 5, § 32, AMENDED). AMEND. 27. EXEMPTING NEW MANUFACTURING ESTABLISHMENT FROM TAXATION. AMEND. 28. REGULATING PRACTICE OF LAW. AMEND. 29. FILLING VACANCIES IN OFFICE.
    [Show full text]
  • House Bill Returned to the Senate As Requested
    --ooOoo-- FIFTH DAY’S PROCEEDINGS SENATE CHAMBER EIGHTY-FIFTH GENERAL ASSEMBLY 1ST EXTRAORDINARY SESSION _ _ _ _ _ _ _ _ _ _ Little Rock, Arkansas April 7, 2006 The Senate was called to order at 11:00 o'clock a.m. by the President. The Secretary called the roll, and the following members answered to roll call: ALTES, ARGUE, BAKER, BISBEE, BROADWAY, BROWN, BRYLES, CAPPS, CRITCHER, FARIS, GLOVER, HENDREN, HIGGINBOTHOM, HILL, HOLT, HORN, G.JEFFRESS, J.JEFFRESS, JOHNSON, LAVERTY, LUKER, MADISON, MALONE, MILLER, SALMON, SMITH, STEELE, TAYLOR, TRUSTY, WHITAKER, WILKINS, WILKINSON, WOMACK, WOOLDRIDGE. The Senate was led in prayer by Senator Jimmy Jeffress. The Senate was led in the Pledge of Allegiance by the President. On motion of Senator Hill, the reading of the Journal was dispensed with. ARKANSAS SENATE EIGHTY-FIFTH GENERAL ASSEMBLY 1ST EXTRAORDINARY SESSION April 7, 2006 Mr. President: We, your Committee on EDUCATION, to whom was referred: HOUSE BILL NO. 1016, BY REPRESENTATIVE ABERNATHY, HOUSE BILL NO. 1030, BY REPRESENTATIVE WALTERS beg leave to report that we have had the same under consideration, and herewith return the same with the recommendation that they do pass. Respectfully submitted, (SIGNED) SENATOR JIM ARGUE, CHAIRMAN Senate Bill No. 12 was returned from the House as passed, emergency clause having failed of adoption, and ordered enrolled. Senate Bill No. 27 was returned from the House as passed, as amended. On motion of Senator Broadway, Senate Bill No. 27 was ordered re-referred to the Committee on EDUCATION. 234 SENATE MEMORIAL RESOLUTION NO. 4 EIGHTY-FIFTH GENERAL ASSEMBLY 1ST EXTRAORDINARY SESSION BY: SENATOR BAKER SENATE MEMORIAL RESOLUTION IN RESPECTFUL MEMORY OF DR.
    [Show full text]
  • Managing a Wildfire with a Water Pistol
    The Official Publication of the North American Association of State & Provincial Lotteries LotteryMarch Issue 2011 Insights Member Lotteries Profile in Success: 4th Quarter Calendar Sales by Product The Texas Lottery Commission 2009 vs. 2010 by Patricia McQueen, Staff Writer, NASPL Managing a Wildfire with a Water Pistol The Newest “mini” Multi-State Game The Story of Holly Lahti, the Idaho Lottery Decades of Dollars Rolls out in Georgia, and the January Mega Millions Jackpot Kentucky and Virginia by David Workman, Idaho Lottery Public Relations In This Issue Lottery Insights March Issue 2011 From the President NASPL Lottery Leadership Jeff Anderson, Director, Idaho Lottery Institute - Update Page 4 Page 22 Internet Gambling Bill Wins MDI Launches 300th Web NASPL Staff Support from Major Indian Site for a Lottery Customer Gaming Association Page 24 David B. Gale Page 6 Executive Director Intralot Launches Live New Jersey Governor Sitting Presenter Bingo Thomas C. Tulloch Director of Administration on Bill Legalizing Web Betting Page 26 Page 8 Andrew White IGT Launch Triple Bonus (NSI) Project Manager Profile in Success: Spin Roulette™ The Texas Lottery Page 27 Tamika Ligon Program Planning Coordinator Patricia McQueen, Staff Writer, NASPL Page 10 Managing a Wildfire with John Koenig a Water Pistol Graphic Designer Smyrna Boys & Girls Club Receives The Story of Holly Lahti, the Idaho $15,000 in Educational Technology Lottery and the January Mega Janine Hutzell Accounting Courtesy of GTECH Corporation Millions Jackpot GTECH’s After School Advantage David Workman, Idaho Lottery Cindy Horn Initiative Helps Local Children Public Relations Tradeshow Coordinator Bridge the Digital Divide Page 28 Page 14 Patricia McQueen Staff Writer Gaming Laboratories The Newest “mini” International’s 10th Annual Multi-State Game North American Roundtable Circulation: Decades of Dollars rolls out in Draws Record Crowds Lottery Insights ISSN 1528-123X, Georgia, Kentucky and Virginia Page 36 March 2011, Volume No.
    [Show full text]
  • CV-20-454 in the Arkansas Supreme Court an Original Action Arkansas
    ELECTRONICALLY FILED Arkansas Supreme Court Stacey Pectol, Clerk of the Courts 2020-Aug-14 17:56:26 CV-20-454 42 Pages CV-20-454 In the Arkansas Supreme Court An Original Action Arkansas Voters First, a ballot question committee; Bonnie Miller, individually and on behalf of Arkansas Voters First; and Open Primaries Arkansas, a ballot question committee Petitioners v CV-20-454 John Thurston, in his official capacity as Secretary of State; the State Board of Election Commissioners Respondents Arkansans for Transparency, a ballot question committee; and Jonelle Fulmer, individually and on behalf of Arkansans for Transparency Intervenors Petitioners’ Brief on Counts 1 & 2 Ryan Owsley (2007-151) Adam H. Butler (2003-007) Nate Steel (2007-186) Robert F. Thompson (97-232) Alex Gray (2008-127) 414 West Court Street Alec Gaines (2012-277) Paragould, AR 72450 Steel, Wright, Gray, PLLC 870.239.9581 400 W. Capitol Ave., Suite 2910 [email protected] Little Rock, AR 72201 [email protected] 501.251.1587 [email protected] Table of Contents Table of Contents ................................................................................... 2 Informational Statement ........................................................................ 4 Jurisdictional Statement ......................................................................... 6 Issues and Principal Authorities ............................................................ 7 Table of Authorities ...............................................................................
    [Show full text]
  • Arkansas Constitution
    CONSTITUTION OF THE STATE OF ARKANSAS OF 1874 Updated as of October 5, 2015 Table of Contents Preamble ----------------------------------------------------------------------------- 1 Articles ------------------------------------------------------------------------------- 1 1. Boundaries --------------------------------------------------------------------------------------- 1 2. Declaration of Rights -------------------------------------------------------------------------- 1 Section: 1. Source of power --------------------------------------------------------------------------------- 1 2. Freedom and independence -------------------------------------------------------------------- 2 3. Equality before the law ------------------------------------------------------------------------- 2 4. Right of assembly and of petition ------------------------------------------------------------ 2 5. Right to bear arms ------------------------------------------------------------------------------ 2 6. Liberty of the press and of speech – Libel -------------------------------------------------- 2 7. Jury trial – Right to – Waiver – Civil cases – Nine jurors agreeing --------------------- 2 8. Criminal charges – Self-incrimination – Due process – Double jeopardy – Bail ------ 2 9. Excessive bail or punishment prohibited – Witnesses – Detention ---------------------- 3 10. Right of accused enumerated – Change of venue ----------------------------------------- 3 11. Habeas corpus ----------------------------------------------------------------------------------
    [Show full text]
  • Meeting Minutes Marketing and Retailer Relations Committee of the South Carolina Education Lottery Board of Commissioners October 17, 2012 10:30 A.M
    Meeting Minutes Marketing and Retailer Relations Committee of the South Carolina Education Lottery Board of Commissioners October 17, 2012 10:30 A.M. The Marketing and Retailer Relations Committee of the South Carolina Education Lottery Board of Commissioners held a meeting on Wednesday, October 17, 2012, at 10:30 a.m. in the fourth-floor conference room (#443), located at 1333 Main Street, Columbia, South Carolina, with the following committee members participating: Sam Litchfield, Chair Dr. Edward Keith Moffatt Burriss Karen Ballentine Lee Edwards The Chair called the meeting to order. Terminal Generated Game Concepts The Chairman recognized Jay Johnson, Director of Marketing and Product Development, to brief the Committee on the results of the focus group testing recently conducted in Greenville, Columbia and Charleston with the assistance of Intralot (SCEL’s online vendor) and “Focus With Fettig.” Lottery players and licensed retailers were included in the groups. The participants favored “Carolina Cash 6,” “Decades of Dollars,” and “Fast Play,” respectively. Carolina Cash 6 ($2 price point) would offer several “plays” for one price and multiple ways to win up to $200,000, taxes paid. Decades of Dollars is a multi-jurisdictional game offering a fixed top prize paid as an annuity or as a lump-sum. Fast Play is Add-A- Play without a purchase prerequisite of another terminal game. Each game could enhance SCEL’s current product mix. The fourth concept, Hot Lotto Sizzler, was not as well-received as the other games. It is also the least likely to fit within our current product mix as it is similar to and has the same draw days as Powerball®.
    [Show full text]
  • La Dolce Vita: Law and Equity Merged at Last!
    The Catholic University of America, Columbus School of Law CUA Law Scholarship Repository Scholarly Articles and Other Contributions Faculty Scholarship 1970 La Dolce Vita: Law and Equity Merged at Last! George P. Smith II The Catholic University of America, Columbus School of Law Walter W. Nixon III Follow this and additional works at: https://scholarship.law.edu/scholar Part of the Legal History Commons Recommended Citation George P. Smith II and Walter W. Nixon III, La Dolce Vita: Law and Equity Merged at Last!, 24 ARK. L. REV. 162 (1970). This Article is brought to you for free and open access by the Faculty Scholarship at CUA Law Scholarship Repository. It has been accepted for inclusion in Scholarly Articles and Other Contributions by an authorized administrator of CUA Law Scholarship Repository. For more information, please contact [email protected]. La Dolce Vita-Law and Equity Merged at Last! The forms of actions we have buried, but they still rule us from their graves. F.W. Maitland, 1909. Article 5, section 6 (a) of the proposed Constitution of Ar- kansas of 1970 states simply, "District Courts are established as trial divisions of the Trial Department. They shall have original jurisdiction of all justiciable matters not otherwise provided in this constitution, and such powers of review of administrative action as may be provided by law." The schedule of the new document contains temporary provisions going to the scope of jurisdiction of the present courts by declaring: The jurisdiction hereby conferred on District Courts shall in- clude all matters previously cognizable by Circuit, Chancery, and Probate Courts and all judicial matters previously cog- nizable by County and Common Pleas Courts.
    [Show full text]
  • Arkansas Supreme Court Received a New Chief Council, Inc
    If you have issues viewing or accessing this file contact us at NCJRS.gov. , ,~E==-===:::::::::=~_"-'" .. "".'.-----'--~ .. ~_".'-~ ... -.'."""_ .... ~--..._~._ ~_~.;_ ~'~";'_." ,'---'-----C., .... --::.:::::::= ..... ~.. c:. :'~l'::C""";'C:"C='=,.".j.... :'" .I__ "~ ___ ~_ ---------- J: ' " .., • • • ~ -' National crim~,-t_ic_e_R_e_fe_r_e_n_c_e_s_e_rv_ic_e______ ---------:1·. • ... - .- • ~~-1 '• - nCJrs ::1 • -• I • I ; • .. -. This microfiche was produced from documents received for I -- inclusion in the NCJRS data base. Since NCJRS cannot exercise control over the physical condition of the documents submitted, ., I " .A ., ..,• A T .. ~ J I I the individual frame quality will vary. The resolution chart on , 1 - • • ... this frame may be used to eva!,yate the document quality. \ , ~.-,-;..~ :'-'- - . .::..:.. .... .....l.'-_'__ •. ~..:..~_._~... , •• "".:......:~ .........:.- i, I~' .~ . '. ~ - , ,' .. ! I -, :; 1I11I?·8 1111'2.5 • " 1.0 Ww ~3.2 22. '" nm3.6 "=- 1l1U~ &:.i Q :! Ug ... u L:.:t.::.u '1 111111.1 1/ ( ~ "'" 1.25 111111.4_ 111111.6 ,t I MICROCOPY PESOLUTION TEST CHART NATIONAL BUREAU OF STANDARDS-1963-A I ! ,,~ .... _ ·4'•. "\ ..... ,.:. '1 Microfilmingprocedures used to create this fiche comply with . ij; ·•.... 1 the standards set forth in 41CFR 101-11.504. .,I Points of view or opinions stated in this document are I' I those of the author(s) and do not represent the official I ! ' position or policies of the U. S. Department of Justice. " . ~- --,.-....,....,.,,- ... '-.,;.~-~, .,-;--.,..,..,~.1 I -II y- , .. o rN;:'ti~.i>aI I~~Jiut~ otJ~siic~-=jt:f~~ .. ~~~~,.. ~~~ ", •'" . United States Department of Justice .-._-.. _..... I Washington, D. C. 20531 f f 'I • • I, i I:, , · . /' STATE OF iKANSAS CHIEF JUSTICE Richard B. Adkisson JUDICIAL DEPARTMENT EXECUTIVE SECRETARY Bob Lowery JUSTICE BUILDING 371-2295 LITTLE ROCK 7220 I ~ 0 ru, n Honorable Richard B.
    [Show full text]
  • North Carolina Education Lottery Performance Audit
    February 26, 2013 Alice Garland Executive Director North Carolina Education Lottery 2100 Yonkers Road Raleigh, NC 27604 Dear Executive Director Garland: Delehanty Consulting LLC conducted a performance audit of the North Carolina Education Lottery (NCEL). The audit and the contents of this document are intended to meet the requirements of N.C.G.S §18C-122(d). The audit was not designed to determine compliance with regulatory requirements, but nothing came to our attention that indicated the lottery was not in compliance with regulatory requirements. When the NCEL began in 2006, environmental factors such as restrictions on prize payouts contributed to sales and profitability that were significantly below that of its peers. However, the NCEL’s ongoing performance has been exceptional. Of the six U.S. lotteries started since 2002, only the NCEL managed to increase profits every year. In fact, the NCEL is one of only three U.S lotteries to achieve profit growth every year from 2007 through 2012. Although the NCEL ranks five of six in its peer group in profits per capita, the performance trends are quite positive. Sales, profits, number of retailers and sales per retailer have consistently increased from Fiscal Year 2008 through Fiscal Year 2012. NCEL Trend Analysis Report Card Selected Metrics Lottery FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 Sales (millions) 1,078 1,293 1,421 1,461 1,597 Profits (millions) 348 414 432 436 459 Profit Margin 32.3% 32.0% 30.4% 29.9% 28.8% Number of Retailers 5,860 6,019 6,218 6,599 6,763 Average Weekly Sales per Retailer $2,935 $3,538 $4,132 $4,396 $4,540 In our opinion the cost controls and performance efficiency of the NCEL are adequate.
    [Show full text]
  • Arkansas Lottery Commission an Enterprise Fund of the State of Arkansas
    Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Alicia Rose Jonesboro Chukwukere Ekeh Ratasha Whaley Shayla Morrow North Little Rock Blytheville Hartman Bradley Huggins Jessica Corbitt Benton Lexa Comprehensive Annual Financial Report for the Fiscal Year Ended JUNE 30, 2011 Kent Broughton Brandon Booth Pine Bluff Little Rock Receiving this scholarship has helped me tremendously with my finances and has given me THE OPPORTUNITY TO SUCCEED in reaching my future goals. While furthering my education has been costly, being a recipient has helped me with my undergraduate experiences and my overall life.” Britni Means | Junior Philander Smith College Malvern Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Comprehensive Annual Financial Report For the Fiscal Year Ended June 30, 2011 Mike Beebe Governor, State of Arkansas Julie Baldridge Interim Director Prepared by Finance Division I am currently a freshman at Arkansas State University majoring in the Radiologic Sciences program. Upon receiving the Arkansas Lottery Scholarship, I have been able to pursue my EDUCATIONAL DREAMS without the burden of financial instability. I am blessed to have received this scholarship for it has allowed me to focus more on my studies while reducing my parents’ fear of not being able to financially support my decision to attend college.” Kourtney Hatcher | Freshman Arkansas State University Jonesboro Arkansas Lottery Commission An Enterprise Fund of the State of Arkansas Comprehensive Annual Financial Report For the
    [Show full text]
  • State Lottery Department Financial Statements for the Year Ended June 30, 2011
    TABLE OF CONTENTS Management’s Discussion and Analysis ..............................................3 – 9 Opinion .................................................................................................10 – 11 Financial Statements: Statement of Net Assets ........................................................................13 Statement of Revenues, Expenses, and Changes in Net Assets ......14 Statement of Cash Flows ......................................................................15 Notes to Financial Statements .....................................................16 – 22 Management’s Discussion and Analysis (unaudited) The State Lottery Department’s (Virginia Lottery) Management’s Discussion and Analysis (MD&A) is designed to assist the reader in focusing on significant financial issues and provides an overview of financial activity. All Virginia Lottery net income is transferred to the Commonwealth of Virginia (Commonwealth) each year in accordance with requirements in the Appropriations Act and the Code of Virginia. Therefore, the Virginia Lottery’s MD&A focuses primarily on an overview of the financial results of operations. Please read it in conjunction with the accompanying financial statements. Financial Highlights Virginia Lottery ticket sales totaled $1.483 billion for fiscal year 2011, the highest total ever for Virginia Lottery sales. Net proceeds totaling $444.2 million were earned for the Lottery Proceeds Fund, all of which are constitutionally mandated to support local K-12 public education. Highlights of the fiscal year include: • Sales increased by $47.6 million (3.3 percent) from last year to $1.483 billion. • Net income was $444.2 million, an increase of $14.0 million (3.2 percent) from last year. • Prize expense increased $28.3 million (3.3 percent) to a record total of $881.0 million. • With the sales increase, retailers earned $3.4 million (4.3 percent) more than last year, with compensation paid to retailers totaling a new record $83.8 million.
    [Show full text]