WV Legislature Budget Report: Prescription Drug Spending Analysis, July 2010, Lecture notes of Finance

Download WV Legislature Budget Report: Prescription Drug Spending Analysis, July 2010 and more Lecture notes Finance in PDF only on Docsity!

FILE COPY

I

JOINT COMMITTEE ON

I

GOVERNMENT AND^ FINANCE

Materials Distributed

September 15, 2010

t

I (^) auerst tl. zoro

!

2:oo - 3:oo p.m.

t

I

t

Senatc

Tombliq Chair

Chatur

Helmick

K€ssler

Plyaale

Deem

Hall

JoLrt CommJtt4€ otr Government and Flnsnce

Ilouse

Thompwn, Chair

Boggs Caputo

Miley (absent)

Whi!e

Arnslead

BordEr

I Spe€tsr Thompson,^ cochair,^ presided.

I l.^ Aoproval^ of^ Mhutes I

Upon motion by President Tomblir, properly adQte4 the minutes ofthe July 21,2010,

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;

• and the UnemployEent Compslsatio! Trust Furd rsport as ofJune 30, 2010. Distributed with each I ofthe^ reports were an^ aoalyris^ and^ I^ summary^ oftbe^ reports. I

4. Po$lble Outsourchs ofIT Servlc€s

I Kyle^ Schafer,^ ChiefTechrology^ offic€r^ answered questions on^ outsowcing^ ofm^ servic€s.

Mr. Schafer said there are 31 agencies tbar have IT staffwith an envircment that is not sust4inable

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-

John Musgrave, Directorofthe Iottery Commiasion alswered questions by themsmbels on

I the^ bidding^ procrcss^ for^ the^ video^ tottery^ machines. The^ Lott€r'y^ Commi\sion^ will^ put out^ 5,

• peruits^ for bidding at a minimum of $5,000 each.

I

I

I

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

es[E8le.

I (^) St8te Road

Futrd 83 of August 3r, z0r

• Fuld^ colections^ wcre^ at^ 106.15^ oftho^ yedy^ e*inate. I

Unemployment Compeneation Truct as ofJuly 31, 2010:

I RegulE^ benefits^ paid for^ the^ firs^ nonrh^ of^ fiscal^ y€8 201I^ w€tre^ $^14 mitlion^ less^

."an in July

I of^ fiscal^ year2010.^ Tru$^ fimd^ ending^ b@laaee^ on^ July^ 31,2010^ ras^ $^ 9,869,457.65.

a I

fi t I I I I I

J (^) Joint (^) Conntlttee on Govemment (^) arrd Finance

I I

t a

I

Ofice of^ the^ Legblative Aud.ilor

I

I

I

I

Fl

I I t I I I I I t I I I I t

WEST VIRGINIA LEGISLATURE

Budgel Dffiston

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

I

|

rc"a".y continued

I

I

!

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

Fund

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.

I

t

r,ott.rv contlnued

el Table^ Ga-oes^ state^ Debt^ Reductlon^ Fund.^ 1,38?.000. f

RACETRACK VIDEO LOTTERY

TRANSFERS:

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.

SI'BEOTII. VIDBO IOEIERS

TRAtrSSEERI':

96,33r,000.

EODAI, TBANSIERS *9136,160,000.

• (^) CASH BAI;TS

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

LoCtery

Page (^) -4-

"l

I t I t I I I I I I I I I I I I

i+r!^ J1.iysa'^ i{.a.^ !!-r,-.^ r.\i^ lr^ .):,i^ '.^ -^ rY|iir.fi.^ mra!$"-^ ,

" il, J

I

WEST VIRGINIA^ LOXER|Y

STAIT OBVE^ T^ VIf,gNIA

rINAIYCIAL SIATMRIII -I]T{AI'I'MD.

&tt3L

f rot*" o-ocHMENr

JULY 2OIO FINANCIAL STATEMENT^ (SEPTEMBER^ INTERIMS)

Psge

BAI,ANG SEWTT a

I

I

grAfrMENlE (^) OF nDgENuES, BPENIES AI{D CSANGES IN RrIND NET AINElx-.- 4

I (^) saurMar$r otrorg'rrow'#.-.. g

I

I

NoTBTOnNAT{cxaL

I I I I I t t

|,

6-U

,l

IOTTERY ATTACHMENT JULY 2OIO FINANCIAI STAIEMENT (SEPTEMBER^ INTERMS)

.4x:"1 (^) '..(* -,.,

YEABIODAE

zno M

0 6173 3 6,

Irll'rtm@ Gilb!g@rB

b@gduls

R6laer* rfiF bf.cy

Ilffrtd.o@t Ta!169@

rnrd^tlsdt

L6-"n-l*lnR

Oa.l&rgrors

I!36gslrg

Bra@1flloldE

Il@ifl!!ldet :Wdrgd.s

Eddot!6ot

Ld@.!r.FdEs

Irs'@ldrs L6fiG!@ I€rqlrbrt dd@ =.

(i@!r@

AttffilERF'F

AdYcddrgdF@d@

w'aS6 &d rddd bd& Tdlooldld@ @lEdF&(Ed

Bldd

Dqdd@Ed@@.d O&raddnMsqkr

OtlfO!-dl"gI@

OFtrgb!@t

N6o!.@Ehro@(@) IlrrddrdhM D&dfub@&Fldrsddoo!&

D&ftbd@{@lItI[tE@rd

Dtolffi totu6tdod*.slVtgld

NlaM

NcrsEA |'sffigd!.dod i{!a a6$dq €ad d!d!d

I I! I I I I I

ff ||

I I I t I I I I J

c\rrEqru(xfrg nfi ,&p e 617s I q9t 6$1 zflr TWtt 7tg 3q7€ (^) 4@ 8,tsr 29rI -----lE- t&18 -----------:-tnJs

€2 4q) 453 47,s r2,B 16,44 t tt16 t,'-6o 60,@0 6rd) 4r4 8J,o 479 $e rc,. tn 617 705 8,tr3 93d' As (^) _$J,3 et7 4a ,n qE 64

'!rt

6p' nw

n

$0r

cl

a, AE t

7Sr

13p' t{,&D z9'l

4ro

{1N w@

lJdl

6r.cs 3,3{ $la tn

rll (^) _____1!L --39-

al (^815) _____Jg_

--W- %r B

(@t

fl __-e@. (t

8.6G} 9g' 54{,10 36,

&r7 tg m 9dl l.!ts st:t g

rdl

t3t lt a30 ?|J &l g7r5 (^) ----49-

(s2,rrxt (44&D eq?!) ct4l6) -[

31t g 168

a, {

(668)

@/1t'

(&tl(Bl

a6, (6s) (lt

Ues4.ryJ'ltglGa!Efu8lrl fsrtofGt6affil6N@b,

WE$TVIBSINTAII}rItrTT

SUITruEN1IG&VENUE8,I$I$WESAIDCEINGE8D{IEI\DICTTMIB'

BONEB(tr\EUONEPEETTDENIID JIIIX3I,41O

. @S@d!)

383 t4tlB (^) __ttJ4- {n { 4tB 16,{,|

.dl

dL@

M 6E 1A' 617

-tr 36380 8l,llE 36J83^ 86' 3 36.s S BJlg 0 36J83^5 lglq

LOTTERY ATTACHMENT JULY 2OIO FINANCIAL STATEMENT^ (SEPTEMBER^ I}.ITERMS)

.g l 1

g)

t I t T t I I I I I t t I I I I I

WE T VIBGINIA I]oTIBY

" (^) sT![EUnflBOrer[ErI.('l9F

FOB,TEE ONE !f,OTTIE PBrcI'^ ENI'A^ JI'LY^ 31.20'O

gn Tt@lands) -Itlaltdled-

t .:

Cshtroll! t@ '@tr.g sdyff&€.

@ rc.€fuEda@d.ffi6d ofudloa!.s

&rb FyEldsfu

P.@dd 8!!Fllef

OftE!!.Eit'go@b

C66 (^) Fovldd W op.rdlhg r.tbrEls Crsh (^) !@s 6rd|@@l rh,ichg!ffil N@Fltto8,|rd'tl'"tt.d to6t Slda dwd^ Vn8ffi DltdM@ to d&|lf6s rdd odlg

CaS Er.d h ld!ryffd 6|Eang aldetbs

Cnh f,oeB dd @Ihl dd td@d ci'i.rig^ adlrfdrE M8r.r daoF&61 lE€(r

Cad for fim hve&c ad!fib< Irw!tudF,"t g"G.iyEd (^)? GshFsvldld (^) ryffigaffils

br(E€s! (rk^ (@)^ h d dd carh eqdeal@

Gth @d^ aqrh !Sdtvr!6 -^ t-einlig^ dedod

cllh @d .arh fqdealeG - @d dp.d.d

ano

u41sr

(86e) a,Mt

a.7e

qr$e) (@st d!5.78r)

________@

a

(86,Ds'

_____264:110_ 3 1?&@

qB

N 1,A,

o0s) a,6t

at{lsrl

:____92@_

_______(63tt (53rd)

06s) N s a&e,

R€@dlHddo'rEAtl'g turrEgro Dd ceh Fovldrd Ey q6eg^ adndd!$

Opqdlghr@

A@!!dB to i!.ddb olt|eg h@6 to

@S FoYldld ry oFqegsdrffrs

Dwedd@ dddnfldd dAdhqds@6ad bblltdrc (Itr!ft@) (^) t&q@h q*Et^ rEdEtlo

(Ir.!l@) dEq!.s b hr€!fut

qrrEs@) dla(lalo (^) h oeqd bar@ (de.d6o) (^) h (^) "dl4 @ oltu Itr ftE! (rllaftds) (^) h r!a@ (^) lcryablD Itrllsse(de6Easo) (^) h dlf€lqcd [rHlH CdFsddd by.t"Fttng effi6s

l44t

o347'

t 6 o5g) (6) 6,rD s (^) we,

l5t

l.g, 1(|

ers)

@, (&r@) I 52rd)

Tt! socqdthg d{rs des! (^) @|al Ft.trdl!!6 fldat ffit5t

'LOTTERY ATTACHMENT

JULY 2OI O FINANCIAL STATEMENT^ (SEPTEMBER^ INTERIMS)

I I I I I I I t I I I I I I t I I J

WEST YIRGINIA IPTMBY NOTEft T1O FII{IINqAL^ STAIEMM{IE -ItrEiItEd-

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

Forld@&

-A[

l'!fi rddleE8 qDd^ sgd a@Ffd (^) @lty of^ Croctry od^ odwnftlEe^ ltE€s^ ssre^ a ho (^) @ry atomm.firnnel^ fu tn;hir^ ed^ @-lhe^ lottsry^ sal€s^ to^ tbe^ €Fosal pqblb.

Ibe ldart (^) hs aon't"Ctsd wnh a pdvo veidor b nd@€, dorlbo, od^ povfao^ tb^ pt]o€sshg- sppqt tu hdd ed rn-lhe gE#&^ UndEr 6s @ of &e^ ag.!t@!d,^ fti^ Lotay^ psF^ a^ pqca@ge^ qf glw twE[B q^ gr@ (^) troffb fu tts Foo€€eg @d mrredri!^ dtns gmes

RsYeoo fm hrcaot glErs lr rpcogdzd when gns^ tblcb qs^ Eold^ b^ rhe^ rsdtrEs,^ Etl^ thB^ tqled^ @ .g.-aoe (^) b l€af,d€d n".!d^ cd tu q€da gme (^) @ etrq.fns. Inma tlcb lales ed l€led @s do [d holude fte wfro offi€€ ptaF^ ls6q€d fu eo^ Pupqss of^ hraaadngths^ odds^ of^ wnedng^ a^ @.

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

es8@led cith tbo co6fr of op€|lthg 6d Edrdng lho gr''t6!.

I

i

LOTTERY ATTACHMENT JULY 2O1O FINANCIAL STATEMENT (SEPTEMBER^ INTERIMS)

t'

t

WEST VIRGINIA I.()TTTNY

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^

qEqed g@sa

T

• Ile hiffo (^) rEsd vfieo bterygmrs'@ sbuctur€s sre &digdb swad (^) @0, c G€dtb,^ d^ a^ @tsad rd ofl@l b€(8 plste4^ od (^) @ qeose^ b !r{&d pgBlnRt^ ffil yfl€o^ roedfu plstEd.^ fhe^ lrtEylroogtu I

ar hcodo (^) rsqt l@ rsye@€s:

Vtrleo lotky reyEor€s (^) ooddhg of (^) 'grG t rmioal^ h8@€" eqdvdd^ to^ a[^ wagFd,^ Et d^ rohd Irt @$a4-

. (^) Eldq{o reqt t8ble garles re'v@ cordstiog ofa (^) Fdvll€gs rra of thfitJFtryB prtro€d^ d eech _ Iloa@'s^ a{Dsbd^ g(N^ r€o@t^ fu^ &€^ q!€6dm^ of^ W€6d^ Vfuhla^ knuy^ ut&^ g@€s. I I (^) eooro rcqdEd by drbto to bo (^) Idd to the (^) Fttd 8od local goYlE@rd^ dlos as tgpdted ar cg'''nLdqD8 lte LotEry Aot ao mslded has €stabBrhad speoifio rEqufu@lEb^ br H6do^ r€sut^ YtdEo^ snd I. bble g@r€^ lotbies^ and^ @md cere^ rddm^ lih,ttng^ tre^ l@sing^ fu^ opeaio^ of b&bdo^ rea |;'..: lrcy^ gmo^ in We$^ vLghh,^ etdest to^ local^ ooddy^ ele.d@s^ p€dtttthg^ tb^ s@e.^ fb^ bgldd@^ tue€tr

l vtlorrsRv erracHMENT (^) JULY 2ol o FTNANCTAL STATEMENT (SEPTEMBER TNTERIMS)

II

fr

I t! I I B I

I

I

!

. (^) WEST VIRGINIALO|rIBY

NOTES TO^ NrtAN(xAL^ STJIIIEMBTTI'

-ItrariuEd-

NOIE3 -^ CASEAND^ CAMEQI'IVr|IjEI{T

At Jlly 31" 2Ol0 the cE hc^ moum^ of^ @oda (ovqrtd)^ nt&^ flmdgl^ |ffims^ slm{$lt^ ftoEd rlh;bmk tat."o (orirdiq^ d$3t^ rlmsmd.-Of^ t^ c^ ial@le^ $250^ lhslad^ was^ cosnea^ Uy^ rutut , (^) dlFostut ln6"'ia€^ i'lO t9 iem&ng bqldle ooImlbd wtth^ s€.dl€8^ held^ by^ lhs^ tu^ of^ wd Vtgh.la's ogeol^ h^ fre^ Slto'e^ nmg

A mrl of &e @o!d @ depodt with^ frs^ Wesa^ VftgtdE'^ Bodd^ of^ Tr@suly^ llYetu€rfi^ @ff)^ fo as bllows (h^ 6o*us):

hly3l,zllo (^) -----@1s20lg- IOt$(ol $J48 40,lrE 1@,887 a4:ra

sl t

t, .'

t I t I t I I I I I I I t

"!

I46td6ffilhff@ A&@ hd !4 ft! TftaMqt Ofro

hi,!@6b F& Bn tq'dad sr^ od^ eqdvald

s l?a&) s^ &;rL

.Ite d@^ xt lh^ tie^ Bn^6 pqt oflhe^ S@^ of^ Wd^ Ylglde'r^ oosolldded^ hvwc^ sae^ lhddhypoot lrrestitu |ffi t po*o:a-^ b te^ Ij@y^ d^ rabs^ 4eoiE€d by^ tle^ EII^ bdsed^ on^ 6e^ hahm€^ d6e^ dsFdb oatmhed h retdd o &e btat dfporto of all stql, e$adEs^ Fdobdg h^ the^ pool^ Seh^ tuds^ @ erdlaf e to lb lattEry wlh ovrdgh{ aotha.

NOE 4-CAPITAL ASSEId

A ftir'n'ft^ of oap&81 asd acdrfty^ ftr Se^ ndl^ eflded^ fuly^ 3l'^2010 ls^ E^ frllow^ Cn^ trcm&]

cqnd Alsrtg

Cdqld@h

hogtEs

Lod InFowdrd

ESdpBd

Aaoml*ed

Dsptlddd:

IdFoEdrfr EqnIF.it

Euqlcal Cost

AtJ@ 30,^ Zll

s 24174 1,

I,t

16J

$ 39524

Edcal Co6t

'AtJ@30,201.

$ (^) LA rs'lJ4/. $ 16.

Addtbr DeHos

Estqbal C6t

At JEV 31,^2010

I X, 1d Lrm r6,E2r $ 39599

Moolcd

At JBIy 31, zl

$ 1,1j 15,

t:

Aadi6og

tD-

$- s^ 1632r

LOTTERY ATTACHMENT JULY 2OI O FINANCIAL STATEMENT^ (SEPTEMBER^ INTERIMS)

l

I

I

1l (f

t I I I I I I I I I

fT

C

I

I

I

,l

. (^) WDST VIRGINIA IINAB]C N( TB TO FIMNqAL STATE!fiNTS -UEur El.

NOIE 5 -^ PARfICIPATION IN lEE MT'LTI-STATE IPTIRY

Tbe L@y (^) ts a |@b.r d lbs l[|lltl-Ste l,lfut (^) 6,IUS.) lrttd qp€Edes^ the^ s€d:et^ €&ly PoWERMH.O (^) Jsaleo! Iotlo g@, Se HOT I.oTTo@ galre^ ed 6s MEGA MII,LIOIISiD (^) iadqd g@s o bebarof paddpatng^ scato lds. MugL la tsldly c'nf'tred of :|:}^ llE@bcF^ otelE^ t@eq^ het!.d!g lbe Dlstkf of C.hnrna dd rbo (^) fhbd Ses Vfrgb rrlrndr^ MUSL b @aged by e Boqd of^ Dt€.tors, Eldrh Is affiCaed (^) of tbe l@t &€dot8 or e€e dsdg[F AoE €alh of tle (^) Fty rc@s. fre B6il (^) d Dtetu' rBp@dbnfti€s to atuHG the I&lfl*tsb LotrEtrt Povabq Hd L,oOo, @d ldrgg I|1alt@ g@cs Ee rsftrn€d^ by a&hory oomlured (^6) Wds daftd by offo€6 (^) ad hdqEndrd or|Ir"d@ "fPold.d by^ tte^ b@d^ It€s^ ofEsqs^ ad^ c@{tarts^ ssiro^ d^ &e^ pl€alllto^ of^ tre^ bood^ ed^ fto^ bodd tEosodbs 1d|^ psedq ddE^. ald qsaltdtd@&^ Tb^ krdvB^ Cdmff&3^ cd6^ out tbe^ hdg@^ sod fimnfig (^) of (^) MUSI, whlle lhs b.d o@tralb tb -usl

iod€p€dded @dl A cqry of^ ths^ edt E^ y^ bo ob6ed by (^) wtrhg tD rhe lfrLl-s@ I.,@t Asooid@, 1701-48t1 StE€'t, S\dto 210, (^) V€d D€o !!oiq!s, INa3A64'IZ-

rr"& MIN[, (^) 'n€'nhtr solb g@s (^) dsltsts tulugb ib (^) sg€@ @d (^) @16 w€&Iy wtg tre&s b lhs l\finL h e mouo eqdralem (^) to fts tol pbo pool (^) bss tb @d of (^) FtEo w@ h (^) "q.!' stata T€*n".^ pfu^ aro pdd dtedy to (^) rho who by e."h E8mte( l@t 'Ite (^) D&e pool (^) tu POWERBALL@, HOT IpTTOP (^) d MEGA MIU,IOI{S@ ls 5@/" of €ash drswhg pedod's (^) sal€q wffh (^) 'nH'rr'''n j8dlpst^ lswk fre (^) l^orcds rweeoot od oqeoeeo fioo MUEL (^) @6 gddpado^ tufre (^) Eod eddsd eb 31, 2010 od yto+o{o^ lo o 6llorE:

.N i

!ti l -i

.

:

Pmtal

EotLdb

ldeqa Millmr

Toel

bd|.€s (Pths)

Poggt€l

Eot Lo6o

ltrgBli[Ui@s

Tobl

$ 3,r09?5e 4s4&

49o,Vl

$ 4p53,e

rdd

s 3,t08,

4s42n

__-4n,w $ .1,(E3,

Y.T-D

I 1,5@4s ?47J3,

s 1sq4s m3?t w2t1 xEg^ $ (^) 2058,066 $^ 406q

MIJSL pla!€s^ a p€tu€obgs (^) d g@o (^) aks ftu €soh gmo (^) h sspa.d A reservo tuds 6d sy! (^) a8 a codlfogmct (^) r€B€[v€ to (^) Fo6 6s llsFsdYo Mt lL Prodrt Gllqo fim te€geen pda^ tlaHttlos. (^) TtEss fude co olybo osed (^) st the dlsqdm oftb rEdp€ciw MUSL Product Clory. Once fre (^) Fb r6e[vo fudr eso€.d trg derlgn"fi^ lffi, fto eucerir heoom gt of 6t gtiolar gizo^ pool^ Pr&g tE6rrye ffld ndEs are rsfrldlblo (^) to MINL Pmduc Groq nembeor f tbs MIrSL rfsbrd! c, affF (^) @ yo6, tf a E€dDk ksFs tbe MINL Tbe (^) applloable eah peroat"ge (^) ooftiM@ ar sell ss fte raserro ffld lffit fu &e MIEL gares (^) ls aa bllow:

LOTTERY ATTACHMENT JIJLY 2OIO FINANCIAL STATEMENT (SEPTEMBER^ INTERIMS)

ll

,l.l)