July 7, 2003
MISSOURI LOTTERY WINS TOP ACCOUNTING AWARD AGAIN
The Missouri Lottery’s Accounting Program has received the Certificate of Achievement for Excellence in Financial Reporting for a third year from the Government Finance Officers Association (GFOA) of the United States and Canada.
"We are very proud of this award, and it is especially gratifying to have been honored for a third year," said Lottery Executive Director Jim Scroggins. "The Lottery’s accounting staff, headed by Larry Jansen, controller, and Cathy Long, financial accounting analyst, make it a top priority to ensure that our accounting procedures meet the highest standards.
"I congratulate our entire accounting team for its efforts," Scroggins added. "It takes a great deal of commitment and organization to prepare the comprehensive annual financial report that is required by the GFOA."
In announcing the award, the GFOA said, "The certificate of achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management."
The Lottery’s comprehensive annual financial report was judged by an impartial panel to meet the high standards of the program, according to GFOA. The organization also said the Lottery’s report demonstrated "a constructive ’spirit of full disclosure’ to clearly communicate the agency’s financial story."
GFOA, which has offices in Chicago and Washington, D.C., is a non-profit professional association that serves more than 14,000 government finance professionals.