REPORT DIGEST

DEPARTMENT OF THE LOTTERY

FINANCIAL AND COMPLIANCE AUDIT

For the Year Ended:

June 30, 2002

Summary of Findings:

Total this audit 0
Total last audit 2
Repeated from last audit 0

Release Date:
April 3, 2003

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State of Illinois

Office of the Auditor General

WILLIAM G. HOLLAND

AUDITOR GENERAL

To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703

(217)782-6046 or TDD (217) 524-4646

This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor

  

 

 

 

INTRODUCTION

This digest covers our compliance and financial audit of the Department of the Lottery for the year ended June 30, 2002.

There were no material findings of noncompliance disclosed during our audit tests. We commend the Department of the Lottery for maintaining effective internal controls.

AUDITORS’ OPINION

Our auditors stated the Department of Lottery’s financial statements as of June 30, 2002 were fairly presented in all material respects.

 

 

 

____________________________________

WILLIAM G. HOLLAND, Auditor General

WGH:RPU:pp

 

SPECIAL ASSISTANT AUDITORS

Our special assistant auditors for this audit were Martin & Shadid, CPAs., P.C.

{Expenditures and Activity Measures are summarized on the next page.}

DEPARTMENT OF THE LOTTERY
COMPLIANCE AUDIT

EXPENDITURE STATISTICS

FY 2002

FY 2001
  • Total Expenditures (State Lottery Fund)

$1,033,456,045

$936,551,107
OPERATIONS TOTAL
% of Total Expenditures

$61,208,510
5.9%

$61,510,656
6.6%
Personal Services
% of Operations Expenditures
Average No. of Employees
Average Employee Salary
Other Payroll Costs (FICA, Retirement, Insurance)
% of Operations Expenditures
Contractual Services
% of Operations Expenditures
Telecommunication Expenditures
% of Operations Expenditures
New Lottery Game Expenditures
% of Operations Expenditures
Electronic Data Processing Expenditures
% of Operations Expenditures
Equipment Expenditures
% of Operations Expenditures
Operation of Automotive Expenditures
% of Operations Expenditures
Travel Expenditures
% of Operations Expenditures
Depreciation Expenditures
% of Operations Expenditures
All Other Operations Items
% of Operations Expenditures

$9,213,741
15.1%
272
$33,874
$3,854,058
6.3%
$24,829,646
40.4%
$8,981,371
14.7%
$9,122,817
14.9%
$3,831,257
6.3%
$24,890
0.1%
$291,226
0.5%
$93,778
0.2%
$641,300
1.0%
$324,426
0.5%

$9,296,929
15.1%
288
$32,281
$3,567,732
5.8%
$24,911,115
40.5%
$9,231,944
15.0%
$9,727,571
15.8%
$3,297,691
5.4%
$27,957
0.1%
$286,029
0.5%
$190,374
0.3%
$645,203
1.0%
$328,111
0.5%
PRIZE TICKETS OR SHARES
% of Total Expenses

$866,657,930
83.9%

$779,795,770
83.2%
COMMISSIONS AND FEES
% of Total Expenses

$105,589,605
10.2%

$95,244,681
10.2%
Cost of Property and Equipment

$5,334,011

$5,217,274
OPERATING STATEMENT ANALYSIS (State Lottery Fund)

FY 2002

FY 2001
Revenues: Ticket Sales
Unclaimed Prizes
Other Operating Revenue
Non Operating Revenue – Interest
Total Revenue
Expenses: Prizes
Commissions & Fees
Other Operating Expenses
Total Expenses
Income Before Transfers
Transfers to Common School Fund
Increase in Net Assets
Net Assets Beginning of Year
Net Assets June 30

$1,566,308,572
30,448,090
2,224,862
647,818
$1,599,629,342
$ 866,657,930
105,589,605
61,208,510
$1,033,456,045
$ 566,173,297
(552,269,007)
$ 13,904,290
$ 33,011,743
$ 46,916,033

$1,423,529,374
21,599,692
2,147,743
1,123,801
$1,448,400,610
$ 779,795,770
95,244,681
61,510,656
$ 936,551,107
$ 511,849,503
(511,254,208)
$ 595,295
$ 32,416,448
$ 33,011,743
SELECTED ACTIVITY MEASURES

2002

2001
Percentage of sales paid out in prizes
Percentage of sales transferred to the Common School Fund

54.2%
34.5%

54.8%
35.9%
AGENCY DIRECTOR
During Audit Period: Lori Montana
Currently: Lori Montana