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An analysis of prescription drug expenditures and spending for the state of West Virginia during the month of July 2010. The report includes detailed information on operating expenses, lottery fund allocations, and financial statements from various state departments.
Typology: Lecture notes
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JOINT COMMITTEE ON
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GOVERNMENT AND^ FINANCE
Materials Distributed
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2:oo - 3:oo p.m.
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Senatc
Chatur
K€ssler
Deem
Boggs Caputo
BordEr
I Spe€tsr Thompson,^ cochair,^ presided.
I l.^ Aoproval^ of^ Mhutes I
ll tt meeting were approved.
_ 2.^ Cortrmlt&e^ Report&/Re{^ o6ts: r (^) None
t 3.^ Lotter.v.^ c€neral^ Revenue^ Reports and^ Unemployment^
comp€|rsadon Trust Ftrd
r Distribut€d^ !o members^ oftle^ Committee^ were the^ fouowing: Lo6€ry^ coomission repotu I for^ the^ oonth^ ended June^ 30,2010;^ General Revenue Fund^ repon^ forthe^ month^ enrled^ July^ 3l,2010;
I Kyle^ Schafer,^ ChiefTechrology^ offic€r^ answered questions on^ outsowcing^ ofm^ servic€s.
I iDthelolgterm.^ The^ cost^ forconhactoN^ and^ laborers^ is^ in^ excess^ of$35^ million^ peryearlo^ support I the existing legacy bas€d applicstiors. Mr. Scbafer said th€y are going^ to do an RFP md bave tlle thid party^ service providers^ give^ a! assessment of what they can provide^ tro tho Strtc. A
I (^) ffiffi*noo
*u be made to the state on what would be the b€st filanciat ilter€st of the State
I s. vldeo Lotterv l-
I the^ bidding^ procrcss^ for^ the^ video^ tottery^ machines. The^ Lott€r'y^ Commi\sion^ will^ put out^ 5,
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f uuouo^ nnuoo BaIUing I, (^) Room JILW* (^) mltg a 1900 Nottqwhs^ BM.^ E6t I Chulatoa WV^ 2530j
WEST VIRGI}IIA LEGISI.ATURE Ofi.ce of lhe Legislarive Auditor
I I
i bJ S€plember^ 2,
I Erecutlvo^ S'mme'y^ oflottery,^ Uncnploymeng^ Generst^ Rw€lrus^ ald^ Strao^ Road^ Furd f (^) Reports to Joitrt CoBmtttee
I Lo$ery^ Conmtuslon^ s! ofJuts^ 31,^ mtO: I (^) C'Ioss (^) Foft for the (^) momh of July 2010 (@iming (^) of FY 2011) v,as $ 54.4 millioD-
I t C*."U^ nwenue^ Fxtrd^ as^ ofAugust^ 31,2010: Rerreaue collections for the ftg two nontbs ofthe fiscal (^) lt8r 201I qere^ 109.3flo ofthe I
I (^) St8te Road
I RegulE^ benefits^ paid for^ the^ firs^ nonrh^ of^ fiscal^ y€8 201I^ w€tre^ $^14 mitlion^ less^
I of^ fiscal^ year2010.^ Tru$^ fimd^ ending^ b@laaee^ on^ July^ 31,2010^ ras^ $^ 9,869,457.65.
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J (^) Joint (^) Conntlttee on Govemment (^) arrd Finance
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Ofice of^ the^ Legblative Aud.ilor
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I I t I I I I I t I I I I t
WEST VIRGINIA LEGISLATURE
BulHhg I, Room 3I4W6l Wlng 1900 KaMjeha (^) BM. Eost Charlatoa (^) W/ 25305-.0590 , 3M
MEMORAN DUI
Honorable senate President To&blln Honorable (^) Houae of Del-egates Speaker ThoBpson Honorable Menb€ra of the^ Jolnt comdttee^ on^ Goverru0ent^ and Flnance zft Fron: Ellon C],ark, CPAU Dlrector Budget Divlslon Leglsl-ative Audltor I^ s Of f lce
Date: (^) Septelber 1, 20 L
Re: Review of West Vlrglnla Lottery Financla.L fnfornation As of JuIy 31, 2010 (EY^ 2011)
We performed^ an analygis of the Statenent of R€venues.^ Expenses and Retained Earnlnge for the flrst nonth of the^ 2010-201L^ fIscal year (^) fron nonthly unaudited f1nanclal reports furnlshed to our offlce by the West Virginia Lottery comisslon.^ The^ results^ are as f ol.Lows:
Lottaqf (^) Rsve8s.ea:
cro99 Lottely revenues are recelpts froro on-llne^ games,^ Instant ga.nes, table gatleg and vldeo lottery. These gross^ recelpts total-ed (^) $ 123,133,000.00 for \Tu.Ly of flscat year^ 2011.^ TabLe gaEes (^) accounted for (^) 53.9 mlllion of thls total. Hlstorlc Resort HoteL vl-deo (^) lottery and tabfe gaues accounted for (^) $383 thousand of total- groas^ recelpta. These gross^ recelpts were (^) I 127'150,000.00 (^) for JuIy of the precedlng^ flscal yeat,20O9-2010. Gross lottery revenue (^) le down by 3.L68 from the preceding^ flscal year. (^) Thls nl]Iober (^) does not lncl-ude colllllsslon and pxlze
Lotterv Joint Commiltee on Governmenl dnd Finance
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rc"a".y continued
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fr t I I I I I I I I I I! I t
Historlc Resort Hotel Dletributlons 3 state General^ Revenue.Ilnd 54, 000.^0 State Debt (^) Reductlon E.rnd 15,000. Tourlsn Pronotlon ELrnd 3,000. fotal Historlc Hotel 73'000.
Veterars fnstant T.lcket Fund
Lott.ery
Dlvlslon of cul-ture and Hlstory
s 1.544,^ oo^ o.^ oo
Department of Educatlon and Arts
$ 300,^ oo0.0o
State Bulld1ng^ ComLsslon $^ 1,000,000. school Bu1lding (^) Authority s 1,800,000.
SUBTOIEAL BDI}GEIIIT IRJDITSAEBS (^) I ao,00o, oo0.0o
E cE6g (^) Fuld General (^) Purpose Eund 54,405,000.
EcononLc Developmsnt Fund 1,900.000.
Excess Lottery Surplug 0
Education luprove&ent F\rnd 1,000,000.
llnf rastructure CourclL Fund 0 Hlgher Education Tmproveuent
29,000,000.
State Park llprovenent Fund 0 Refundable credl.t 0 school Bullding Authorlty r.,^ 900,^ 000.
TOTAI EXCESS LOTTERY FUND (^) 988,20s,000.
Page (^) -3-
161,000.
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r,ott.rv contlnued
el Table^ Ga-oes^ state^ Debt^ Reductlon^ Fund.^ 1,38?.000. f
Tourlan Pronotion (^) Fund 1.3758 $842,000. Devolopnent (^) Off,lce Promo Fund 9229, 000. Research Chall-enqe Elmd .58 9306,000. capltol Renovatlon and Ioprovenent Fund.
9421,000.
Parklng (^) Garage Furd .06258 938,000. Parklng carage Furd L& $5o0.o0o.oo CulturaL Faclllties and Cap. Resources Fund .5E
$28,000.
Capltol- Done Inprovements
& Cap. I\nd.
s8s,000.
Workers compensatlon Debt Reductlon Flnd 78
93,885, 000.
TRAtrSSEERI':
96,33r,000.
EODAI, TBANSIERS *9136,160,000.
Total Accrued Last EY 2010: 241,039,000. Total cash Dlstributlons FY 2011: L36'150,000. AppJ.ied to EY 2010: 136'150,000. Total Applled to FY 2011 000. Total- Accrued for FY 2010 l-04,879,000. Accrued for FY 2011 as of July 30: 52,096,000.
I I I I I I I I I I I I I
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NOIE2. SOMMARYOFSIGNtrICANTAOCOU!{TE{GPIOIICIB (GO'^ INTSd)
r..)TEEf GAME oPEDAlxrf{s (^) - Ths Wed^ Vtg^ s^ I{frtry^ d€de6^ ib^ rEv€@ls^ 6r@^ fu^ bdo^ tyF^ d lruy (^) cpes: hcs4 Glhe, vl&o tjpo gan€8,^ od^ ablo^ ga@.^ Tbe^ L6y^ &vBlols rmldph^ g@e .t*-; (^) od pdzo (^) drtu b (^) @|' wfi& ts eoeb@ rsddd@, h!firdhg rggr€gd (^) "Tn'l tu g"'r
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saf€s of (^) 6-lhe t@t dd@ ro nade by lto€mEd sgFob b 1bo^ Fdllo ttth^ rho^ urs^ of^ oqu#d tn'h (^) O!-[De @i€s tuh& POWBEAII,@, s mlhl-@c (^) laobd g@E (^) HOT rcT!@, s mltl' co fdoe gma^ Mega (^) !fin@8@' I mltl-dale (^) 54d g@E^ C"+T^ ..htbP^ g@e;^ Ddlt^ 3@d^4 fub€d g@Eq md TtevEl, e ddly lcad gano.^ Reneorc^ to^ rcoog@d^ wbo^ tte^ 88d^ 6dls^ tbe^ ddcb^ to. tbpb[o. Pr&o (^) "'f*.e la^ noogfued o tbo^ l-.t" dsffial^ dEsltg^ Eeb&
Co@lsd@s @ (^) Ddd b h@ (^) i@ rdstk{s d^ 6-the^ agd^ d^ fu^ t@^ of^ r€tt@^ pqcqr^ of^ grc^ al€s.^ A pudca of (^) eo oddm (^) [d b esa€€d @e d @e q!!Ib(^ p(8osd^ of grus^ S&" Fv F IEId ftg m (^) '"t'"€d @ nolrts. Tte aoi@ Fid tl[r uaol"l'*d & nrnep^ b^ cE€dled^ sgghd^ ldD cos&^ h addfi@, I@fl!6 ed-sg€d re pdd lffid tmrs ho.dvsn 6d hchde (^) @ sbqEs @^ vfubg^ ttdc thly Bofd^ ad a^ ddct a""l'l'€ bms^ o^ vtl'"tng^ dd(Eb^ tlsy^ d.^ Od^ a^ w€kly^ F"rr'^ tdl€(s^ @d^ €g@ mid rE@ft F'nnr'llf{^ 6E b rhe Lftsy. R€{dh Esy lot bo abts to odrr additftEl^ htu^ d"ftqb^ trl|@ b !tr b€6 Esde (^) ftr drg (^) l(svlols ttflhg p€do4^ wdlo m agodr oJtm^ t"r'^ -l my^ bs^ td!(ed^ hacdY€ S paynem^ b nol reoe'rveii ealh w€dr. M ole rdlf( o sgEd^ @osfr^ fu^ B^ dgffld^ @od^ of^ 1' L@o saf98 (^) u alaffi reoetttEblr. Bliodcstly q€dn^ l@ hsY€^ hE€o^ nodol^ qd^ no^ allowase^ fu dqnffil a!9sm l€cclvrhlo ls oondd"Ed D€!My.
Rs!fiE!& vldeo loraEy b I 6olf-grdyed vldeo vedon^ of lmy.gnm.^ Tte^ todq€fted^ gmss^ 8I!w^8 pleyw (^) t place (^) beb d $9 cfu (^) b bs ewrd€d ceedtr ti.bh ogo effter bs redd^ ftr^ cseh^ q^ bo^ rqls5ed ; ;ddd;il^ bsr& (^) The ooh oPE(cd (^) @i allfi I prE^ E( to use cohs,^ @irrdry,^ c^ !'kos to Plac€ bcis^ fis 6s cbqle to rscdve coiq qtoken^ sEards wffi @y^ be r€ds€0ftd^ br^ 0€&^ c^ us€d^ fo( lcpl8y^ h^ 6e^ ooh oFcard eell8, Tb3 Ecdar& vtdeo lmy ps'^ @ rtsqltrE^ are^ &dgo€d^ to^ a*rd^ Fz1 c c'€&'^ a a-@bd Eb oftotsl bo plsrE4^ d @ €spe6e^ fu^ tr4rd^ 8g8hs^ ffit^ r'ffEo^ odfts^ playod.^ Ile^ LolEry rccc@ or raooure dd€o Frtedt rrrE@, "gllss csnntnol^ fumf €qdvatrot^ to^ a[^ wzgeo'^ nst of^ tsl@d @6. Anor@^ lrq!fied^ by^ dddE^ to^ b€^ ldd to dtg^ Fiv@ @d^ l@l^ goY€(@fd^ 6nrida!^ ee^ IEFq&d,rs ipd"dcn& Rac.#k vtdk, fmy bglsldo^ has^ .rtqhlhhed ry€ttEo reqdEm€nb^ ftr^ ralealk^ Yld€o bqst std t'rfcrd^ oetr6 Esfrlod@s Innffng^ tte n6r"tng^ er opeedo^ of^ netalk^ Yl&o^ l@t qd; (^) to hot8o od dog !s!rtDd.8 h Wod (^) Vkgbl4 ebj€dlb lol comy eledm pelEtlhg tho emo ile l€glsldl@ ff!frstr Opldes fre dlfrbmisn of^ leYemes^ ff'm^ raostra.&^ Ytd€o^ lcfi.rt^ gffi'^ 8d rcqd$s (^) ry [ofEssd ralstrac& b bo^ recpdle^ ftr^ aqdog^ fu^ neceesEy^ €qdFrd^ dd^ tr€lhg^ iho^ d8k
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NOTmTOSINAI{CIAL (^) .STAIEMEI{TS
NOTE2. SII!4MARY^ OX^ SIGI\UnCANT^ ACC1)T^ NIING^ POIICTE{I^ (cdltotctl) I.t'nlrFd yld€o (^) lofl!ry (^) ts olso (^) I self,a.Cfua&d vldeo rqdo of lottry gsnrs, "!!& n*^
grst (^) plsld (^) h Aedo h^ Deaember^ 2q)1,^ l@d^ h^ Iffid^ lbsf,sEd^ tEdkd^ ceor redoeed^ fu^ sddl^ msemec'^ Ils gsmrs (^) Bllow I plrtq (^) b rro cmooy !o plnoo bob ftrtte decs to Eo€tee fies g@€s^ cwd€Es Yddoh t!8y be r€d€€dlrd (^) fu !'.t! & lMbd yld€o^ hffrEy (^) EEsd pea^ $(uoe€s @^ &dgd^ b^ sirEd^ @s, st^ a dpdod rdo of ual @ plsted,^ d (^) !&e flFd,t o ls lrdrd ogshlt ttfiul^ ytdeo^ c!€dts^ plstld.^ Tte^ kthry reoog&o as lffid (^) vtdeo lo8€ry rw@e (^) "gross ffil hcoid oqdvatem to all^ \rsgB6, n€t of d@d ptus. (^) AE@ rcqdlsd by statde b bo Eld toptudto uo leced as sdsd@- U@ Ytd€o lofcy D€d holrhn^ 6e itrrir'n{ty^ l€sp@dbb tu &qufdDg eq40!€d md^ t*'lrlg^ frs^ drk^ orsod@d^ rtlh fu od of q!€!'frog^ f@ g@!&
Tahlo gaaes^ no lmies as eooh gens^ heotFs odd€doo, tu pocdbltfty^ da (^) ffto, od^ ihefo^ otrme^ lg deohed pqhmholy (^) by fuca, rrldch tbe o-'r'd l8v of W€sf 'VtgHt^ has lq held a! tbs drEe tssffrl'l al€n..ir|i of s lo@t Tabls g@6^ @ 6e ar"hrhe^ hglbl€ bllocOal pryty^ dtbe 8e!e^ d West Vftghh. Table gotffs^ legblatlo has eccalilldd qeclEo^ rcqftmto fu tabls oanes^ md^ @d a€{t8h rEstdrd@8lHtt'tg fte l|6sndig^ 6r operdm d tHe g@es^ b torse^ ed^ dog^ Eac{ud(s^ h w€d vftgtda, fouesl to l@l ooudy d€d@s p€edhg^ 6e ooo Ead^ Eed^ Eoeod^ Es^ m^ agd of the L[r(,'^ ('.'nhtrrf@^ to op€(@ d Vftgtrr^ bbts gBn€E^ ststl^ bsyE^ ldttsu^ td€3^ dplsy ft(^ €srh^ tutrb gmo (^) & opl[" (^) "( wldoh mtd (^) be EpFr'rEd by tu (^) Cq&do. All wagrn od paa6 (^) of wldg wg€ rh"l (^) be Elde sloo(drg !o tto3e rlb dpllt, Fq lte (^) Fiv egg of hotdhg I tablo (^) SElnes nc€oss, tbrrg ls lsvtEd (^) s pdvflsge (^) ta of frttll&B (^) !€trt€d of @d [oemeo'e e{ued gI@ r8c@ fu tb q€md6^ rf wsEt Vkgtds LrdEry Eblo gsfi€& (^) ,Goffi tequfFd by st@ to bE pdd^ b (^) Finb ttrd looal gsve@rd^ €dB Ee r€pq&d as o,'onnlqd.no, Ito k€lddd ffi sdplos tro dldtdo of rsmrrs^ fi@^ W€s Vtghb t qb^ gn!s,^ @d (^) r8qltff ary lloeoled (^) '"tliraclc b b€ nEoObls fu acq'tttg tbs^ tr€lEssry eq@rd @d heg 6r rl assoolod .trfth^ tb aod do!€raihg @d Drddg ths€@s.
f T|ld,Eld^ r€sdt^ kfitry @€s^ Eo^ I^ o@bhdm^ d^ soE{fud^ vt&o^ ldreay^ c@ as^ w[^ 8s^ tsble^ gmes Fffd Ee loc@d (^) d a llc€aEEd ldd! ttsct bolel (^) ss d!6!Ed by fro WV C{dq Vt(b lotleEl€8 8c rb HdEb I resot^ ao^ bodqeaared^ gues thc allor^ a^ playra^ to^ plscs^ b€{s^ br^ fte^ ce89e to^ be^ sEdsd^ qqfb^ wldd I oe^ dhea^ bo^ e'rst^ ftr^ coh^ c^ bo^ nplepd^ as^ addldwl^ bA.^ Tbe^ od^ opeutod^ emeo^ allow^ a^ pbp^ o use cohg (^) mw),, or +^Lsn{^ b phos bsb (^) fu lhe (^) obals to t8c€fve ooh c toh sds rtloh Est^ b 1 rcdeeoed^ fu^ oarh^ cwed^ furephy^ h^ fro^ ooh^
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