The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the West Virginia Lottery by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR) for the 19th consecutive year.
“We take great pride in the transparency and accuracy of our financial reporting,” West Virginia Lottery Acting Director John Myers said. “The quality of our staff’s work and our commitment to the public’s trust is reflected in the fact that our Lottery has received this prestigious award 19 times consecutively.”
The West Virginia Lottery’s CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The West Virginia Lottery operates as a business enterprise within the framework of State laws, rules and regulations. Its mission is to generate revenue to fund programs benefiting education, senior citizens, tourism and other programs as the West Virginia Legislature may determine.
Since 1986, the West Virginia Lottery has produced more than $3 billion for education, including more than $341 million for the PROMISE Scholarship Program. The Lottery has also generated more than $1 billion for seniors, more than $920 million for tourism and parks and more than $12 million for West Virginia Veterans.
The West Virginia Lottery’s CAFR for fiscal years ended 2015 through 2011 are available online at www.wvlottery.com.
The GFOA is a nonprofit professional association serving approximately 17,500 government finance professionals with offices in Chicago, Ill., and Washington, D.C.