Another Clean Review For Iowa’s Lottery
Some giant information used to be simply introduced this week for us right here on the lottery. But it’s no longer a large deal only for us: It’s additionally essential for somebody who’s ever performed one in every of our video games. The Iowa Lottery has gotten every other blank file from the State Auditor’s Office.
In its announcement Wednesday, the Auditor’s Office famous that the monetary statements of the lottery for FY 2017 “present fairly, in all material respects, the financial position of the Iowa Lottery Authority as of June 30, 2017, and the changes in its financial position and its cash flows for the year then ended in accordance with U.S. generally accepted accounting principles.”
Why does that subject? In on a regular basis language, it signifies that an outdoor auditor reviewed the monetary operations of the Iowa Lottery and gave us a blank invoice of well being.
We take a look at the auditor’s file each and every 12 months as a test of the way we are doing. We’re pleased with our file right here on the lottery and know that integrity must be on the center of the whole lot we do.
It’s simply as essential because the gross sales we succeed in.
Under state regulation, the Auditor evaluations the lottery’s operations once a year. That overview is along with the safety and integrity requirements the lottery makes use of all through its operations on a daily basis. It’s our task to run Iowa lottery rather – and we take that duty significantly.
A right away hyperlink to the file from the place of business of State Auditor Mary Mosiman is to be had right here.