tailieunhanh - REPORT NO. 2011-080 JANUARY 2011 DEPARTMENT OF THE LOTTERY Financial Audit _part2

BÁO CÁO KHÔNG. 2011-080 chưa thực hiện đánh giá cao trên đầu tư với $ 44 triệu của tăng do giá trị thị trường cao hơn các khoản đầu tư tương tự EETF chuyển từ tiền giải thưởng không có người nhận giảm $ 3 triệu USD từ năm tài chính trước chủ yếu do giảm tiền thưởng không có người nhận được tạo ra bởi các trò chơi trực tuyến. | January 2011 Report No. 2011-080 Nonoperating income increased million over the prior fiscal year. Unrealized appreciation on investments accounted for 44 million of the increase due to higher market values of investments of similar securities in fiscal year 2010 compared to fiscal year 2009. EETF transfers from unclaimed prize money decreased 3 million from the prior fiscal year due primarily to the reduction of unclaimed prize money generated by On-line games. Scratch-Off games generated million additional unclaimed prize money over fiscal year 2009. overview of the financial statements The Lottery is accounted for as an enterprise fund reporting transactions using the accrual basis of accounting similar to the method used by business entities. This MD A is intended to serve as an introduction to the Lottery s basic financial statements including the notes to the financial statements. The Statement of Net Assets on page 13 the Statement of Revenues Expenses and Changes in Net Assets on page 14 and the Statement of Cash Flows on page 15 report the Lottery s net assets and changes therein. The notes to the financial statements provide additional information that is essential to a reader s understanding of the data provided in the financial statements. The Lottery transfers its net profits each fiscal year to the EETF. As a result the Lottery s net assets consist of funds invested in fixed capital assets and restricted assets. The restricted net assets consist of the investments being held by the Lottery to fund deferred prize payouts 20 percent of unclaimed prizes designated for future prize payouts the Multi-State Lottery Association MUSL deposit amount and a reserve fund established to pay set prize amounts. Refer to the Net Assets and Changes in Net Assets section of the MD A for explanation of the elimination of this reserve fund in 2010. The financial statements do include the cumulative effect of periodic adjustments to recognize the fair value of .