News

April 15, 2010

Missouri Lottery Honored for Accounting Excellence

For the 10th consecutive year, the Missouri Lottery’s accounting section has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada for its comprehensive annual financial report (CAFR).

"It’s an honor to receive this kind of recognition solidly for a decade," said May Scheve Reardon, executive director for the Missouri Lottery.  "We’re very mindful of our duty to provide an accurate and transparent account of Lottery operations for all our stakeholders.  Michael Lauf, our chief financial officer, and his accounting staff of Melissa Wadley and Michelle Mealy, take great care to make sure our financial reporting meets the highest of standards.” 

The GFOA certificate of achievement award is the highest form of recognition in the area of governmental accounting and financial reporting.  The Lottery’s comprehensive annual financial report for fiscal year 2009 was judged by an impartial panel to meet the high standards of the GFOA program. 

The GFOA is a non-profit professional association serving approximately 17,500 government finance professionals with offices in Chicago and Washington, D.C.

The Missouri Lottery generates nearly $1 billion a year in sales and contributes more than $200 million annually to Missouri public education programs, including the A+ Scholarship Program, Special Education Excess Costs and Vocational Technical Schools.  For a complete list of programs funded, go to Molottery.com.

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