Lottery commission reporting requirements.

ORIGINAL
Senate
File No
.
SF0130

ENROLLED ACT NO. 84,

SENATE

SIXTY-THIRD LEGISLATURE OF THE STATE OF WYOMING
2015 General Session

AN ACT relating to the Wyoming lottery; requiring reports to the joint travel, recreation, wildlife and cultural resources interim committee; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 9
‑
17
‑
109(a)(vii)
and 9
‑
17
‑
128(a)(i), (iv) and (v) are
amended to read:

9
‑
17
‑
109
.

Duties of chief executive officer.

(a)

The chief executive officer of the corporation shall direct and supervise all administrative and technical activities in accordance with the provisions of this chapter and with the regulations, policies and procedures adopted by the board. It shall be the duty of the chief executive officer to:

(vii)

Report quarterly to the department of audit, the joint revenue interim committee
, the joint travel, recreation, wildlife and cultural resources interim committee
and the board a full and complete statement of lottery revenues and expenses for the preceding quarter; and

9
‑
17
‑
128
.

Reports by corporation; audits; budget; fiscal year.

(a)

To ensure the financial integrity of the lottery, the corporation through its board of directors shall:

(i)

Submit quarterly and annual reports to the governor, department of audit
,

and
the joint revenue interim committee
and the joint travel, recreation,
wildlife and cultural resources interim committee
disclosing the total lottery revenues, prize disbursements, operating expenses and administrative expenses of the corporation during the reporting period. The annual report shall additionally describe the organizational structure of the corporation and summarize the functions performed by each organizational division within the corporation;

(iv)

Contract with a certified public accountant or firm for an annual financial audit of the corporation. The certified public accountant or firm shall have no financial interest in any vendor with whom the corporation is under contract. The certified public accountant or firm shall present an audit report not later than four (4) months after the end of the fiscal year. The certified public accountant or firm shall evaluate the internal controls in effect during the audit period. The cost of this annual financial audit shall be an operating expense of the corporation. The department of audit may at any time conduct an audit of any phase of the operations of the Wyoming lottery corporation at the expense of the state and shall receive a copy of the annual independent financial audit. A copy of any audit performed by the certified public accountant or firm or the department of audit shall be transmitted to the governor, the department of audit, the state auditor
,

and
the joint revenue interim committee
and the joint travel, recreation, wildlife and cultural resources interim committee
;

(v)

Submit to the governor, the department of audit,
and

the joint revenue interim committee
and the joint travel, recreation, wildlife and cultural resources interim committee
by June 30 of each year a copy of the annual operating budget for the corporation for the next fiscal year. This annual operating budget shall be
approved by the board and be on forms as prescribed by the department of administration and information;

Section
2
.

This
act is effective July 1,
2015
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1