2011-07-19 16:45:56.337

Missouri Lottery Director Tapped to Head MUSL Finance Committee

Story Photo May Scheve Reardon, executive director of the Missouri Lottery, has been elected chair of the Multi-State Lottery Association’s (MUSL) Finance and Audit Committee.  As the committee chair, Reardon also becomes a member of the MUSL Executive Committee.

The Finance and Audit Committee is responsible for overseeing MUSL’s $3.8 million budget.  It is also responsible for:  approving, monitoring and auditing all accounts, financial transactions and costs; developing investment policies; selecting investment and custodial vendors; and providing financial expertise to committees and product groups.

The Multi-State Lottery Association is a government-benefit association owned and operated by 33 member lotteries to administer six various multi-state “draw” games, including Powerball.

Reardon replaces Ernie Passailaigue, director of the Arkansas Lottery, whose maximum two-year term expired.

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