LANSING, April 17, 2007 – For the second consecutive year, the Bureau of Michigan State Lottery has received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada for its 2006 comprehensive annual financial report (CAFR).
“When the Lottery received this award for the 2005 CAFR, we were extremely pleased. To have met the strict criteria of the GFOA for a second year is outstanding,” Lottery Commissioner Gary Peters said.
The Lottery’s CAFR was judged to demonstrate “a spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
“This award, the highest form of recognition in the area of governmental accounting and financial reporting, demonstrates the Lottery’s commitment to integrity and accountability,” Peters said.
The 2006 CAFR, as well as the Lottery’s fiscal year 2006 annual report, are available on the Lottery’s Web site at https://www.michiganlottery.com/.
All proceeds from the Lottery are contributed to the state School Aid Fund which supports kindergarten through 12th grade public education in Michigan. In fiscal year 2006, the contribution was $688 million.
For additional information, please visit the Lottery’s Web site at https://www.michiganlottery.com/.
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