July 9, 2007
Jansen Appointed Committee Chair
Larry Jansen, executive director of the Missouri Lottery, was recently appointed chair of the Finance and Audit Committee for the Multi-State Lottery Association (MUSL). In this role, Jansen will also serve as a member of MUSL’s executive committee. His term began July 1 and will last for one year.
MUSL is a non-profit, government-benefit association owned and operated by its 31 member lotteries. Each member lottery offers at least one of the games administered by MUSL. Powerball is the association’s best-known game.
MUSL’s Finance and Audit Committee reviews and approves financial systems developed by product groups, develops investments policies, and audits and monitors all accounts and financial transactions. The committee also supervises annual financial and compliance audits by independent auditing firms ? and the committee reviews and selects financial and investment managers.
Jansen, 51, of Jefferson City is a CPA and worked as the Chief Financial Officer for the Lottery from November 1986 to September 2005, when he was appointed executive director.