Louisiana Lottery Recognized for Excellence in Financial Reporting
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Louisiana Lottery President Rose Hudson proudly announced that the Louisiana Lottery Corporation has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association (GFOA) of the United States and Canada for the 13th consecutive year for its 2019 retirement plans annual financial report.
According to the GFOA, the Certificate of Achievement represents the highest form of recognition in governmental accounting and financial reporting. It is considered a significant accomplishment by a government entity and its management. The Lottery's Accounting Department prepared the comprehensive annual financial report, which was judged based on full disclosure and the ability to motivate potential users to read the report.
“Being honored by the GFOA demonstrates our commitment to being a leader when it comes to financial practices,” said Hudson. “I am very proud of my team’s continued hard work and dedication to fulfilling our mission to uphold the highest standards of integrity and public trust.”
The GFOA is a non-profit organization with offices in Chicago and Washington D.C. The association serves approximately 21,000 government finance professionals.
The Louisiana Lottery Corporation was established in 1991 as a quasi-state entity, with the purpose of generating revenue for the state to fund K-12 public education. Current financial statements are available on the Lottery's website, www.louisianalottery.com.
More information about GFOA can be found on the organization's website, www.gfoa.org.
According to the GFOA, the Certificate of Achievement represents the highest form of recognition in governmental accounting and financial reporting. It is considered a significant accomplishment by a government entity and its management. The Lottery's Accounting Department prepared the comprehensive annual financial report, which was judged based on full disclosure and the ability to motivate potential users to read the report.
“Being honored by the GFOA demonstrates our commitment to being a leader when it comes to financial practices,” said Hudson. “I am very proud of my team’s continued hard work and dedication to fulfilling our mission to uphold the highest standards of integrity and public trust.”
The GFOA is a non-profit organization with offices in Chicago and Washington D.C. The association serves approximately 21,000 government finance professionals.
The Louisiana Lottery Corporation was established in 1991 as a quasi-state entity, with the purpose of generating revenue for the state to fund K-12 public education. Current financial statements are available on the Lottery's website, www.louisianalottery.com.
More information about GFOA can be found on the organization's website, www.gfoa.org.