2008 Press ReleasesJune 25, 2008
DELAWARE LOTTERY LAUDED FOR FINANCIAL REPORTING
State Lottery Office Receives 9th Consecutive Financial Reporting Award
Dover, DE -- The Delaware Lottery announced today that it has
again been awarded "The Certificate of Achievement for Excellence
in Financial Reporting" by the Government Finance Officers Association
of the United States and Canada (GFOA) for its comprehensive annual financial
report (CAFR). This marks the 9th consecutive year that the Delaware Lottery
has earned the award, which is the highest form of recognition in the
area of governmental accounting and financial reporting. The CAFR is prepared
at the end of each fiscal year under the primary authorship of the Lottery's
Fiscal Administrative Officer, Mark Brittingham.
The award-winning CAFR was judged by an impartial panel to meet the program's high standards, including a key consideration that the Report demonstrates a constructive "spirit of full disclosure" to communicate the organization's financial story.
"We will continue to pursue this measurement of our performance in financial reporting in future years to ensure that we maintain transparency in our operations and exceed the expectations of all users of this important information," said Lottery Director Wayne Lemons. "This and previous awards are important to our Office and to Delaware citizens because it confirms that our ongoing reporting efforts continue to deliver accurate and clear financial information in a form that consistently measures up to the nationally recognized standard."
According to Lemons, the Lottery Office pursues the reporting performance review annually, in addition to its reporting and auditing requirements as a State of Delaware agency.
The GFOA is a nonprofit professional association serving approximately 17,000 government finance professionals with offices in Chicago, IL, and Washington, D.C.
The Delaware Lottery is a signatory member of the North American Association of State and Provincial Lotteries (NASPL) and a division of the Delaware Department of Finance, an official agency of the State of Delaware. Since the start of operations in 1975, the Delaware Lottery has contributed more than $2.8 billion to the state's General Fund to help finance needed state services that benefit everyone in Delaware. The Lottery oversees activities at the State's three licensed Video Lottery facilities and offers a variety of ticket games including: POWERBALL®, HOT LOTTO®, MULTI-WIN LOTTO, PLAY 3, PLAY 4, and assorted Instant Games.
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