Lottery Accounting Division honored

LANSING, April 10, 2008 -For the third year in a row, the Michigan 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 2007 comprehensive annual financial report (CAFR).

“The CAFR is a vital publication to the disclosure of the Lottery’s financial information. We are proud to be honored for such an important document. This award demonstrates the Lottery’s commitment to integrity and accountability.” Lottery Commissioner M. Scott Bowen said.

The Lottery’s CAFR was judged by an impartial panel as demonstrating “a spirit of full disclosure” to clearly communicate the Lottery’s financial story, as well as to motivate potential users and user groups to read the CAFR.

The 2007 CAFR, as well as the Lottery’s fiscal year 2007 annual report, are available on the Lottery’s Web site at

Over 95 cents of every dollar spent on Lottery tickets is returned to the state in the form of contributions to the state School Aid Fund, prizes to players and commissions to retailers. In fiscal year 2007, the contribution to schools was $748.9 million. Since its inception in 1972, the Lottery has contributed more than $14.3 billion to education in Michigan.

For additional information, please visit the Lottery’s Web site at

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply