The Florida Lottery today is pleased to announce its Division of Accounting has received the Government Finance Officers Association’s (GFOA) Certificate of Achievement for Excellence in Financial Reporting for its 2018-19 Comprehensive Annual Financial Report. This marks the third consecutive year that the Lottery has received this esteemed award.
The GFOA award is the highest form of recognition in governmental accounting and financial reporting and is awarded to entities who go above and beyond the minimum requirements of generally accepted accounting principles, indicating a spirit of transparency and full disclosure. Its attainment represents a significant accomplishment by a government and its management.
The Lottery’s Comprehensive Annual Financial Report was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story.
ABOUT THE FLORIDA LOTTERY
The Florida Lottery is responsible for contributing more than $37 billion to education and sending more than 840,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests 98 percent of its revenue back into Florida’s economy through prize payouts, commissions to more than 13,000 Florida retailers and transfers to education. Since 1988, Florida Lottery games have paid more than $69 billion in prizes and made more than 3,000 people millionaires. For more information, please visit www.flalottery.com.