Annual Report - Nebraska Lottery

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statement of N E T A S S E T S ASSETS: CURRENT ASSETS Cash and Cash Equivalents $ 5,267,568 Accounts Receivable, Net of Allowance (Note 4) 3,726,933 Prepaid Prizes 153,191 Prepaid Contract Costs - Instant 253,656 TOTAL CURRENT ASSETS 9,401,348 NON CURRENT ASSETS Reserves on Deposit (Note 6) 1,743,914 Furniture, Fixtures, and Equipment (Note 5) 447,698 Less: Accumulated Depreciation 403,922 Capital Assets, Net 43,776 TOTAL NON CURRENT ASSETS 1,787,690 TOTAL ASSETS $11,189,038 LIABILITIES: CURRENT LIABILITIES Accounts Payable $ 357,704 Vendors Payable 869,405 Compensated Absences Payable 143,976 Accrued Payroll Payable 68,489 Withheld Taxes on Prizes Paid 28,052 Prizes Payable 4,685,494 Due to Other Funds 20,825 Other Accrued Liabilities 75,219 TOTAL CURRENT LIABILITIES $6,249,164 NET ASSETS June 30, 2005 Invested in Capital Assets $ 43,776 Restricted for Future Prizes 1,743,914 Unreserved (Note 8) 3,152,184 TOTAL NET ASSETS $4,939,874 The accompanying Notes to the Financial Statements are an integral part of this statement. 21
statement of R E V E N U E S, E X P E N S E S A N D C H A N G E S I N N E T A S S E T S OPERATING REVENUE: Sales $102,672,465 Less: Sales Returns 2,014,294 TOTAL OPERATING REVENUE 100,658,171 OPERATING EXPENSES: Prize Expense 58,352,134 Retailer Commissions 6,433,299 Contractual Services Expense 6,511,219 Marketing 4,193,292 <strong>Lottery</strong> Operating 1,637,777 TOTAL OPERATING EXPENSES 77,127,721 OPERATING INCOME 23,530,450 NON-OPERATING REVENUE: For The Year Ended June 30, 2005 Interest Income 264,651 Multi-State <strong>Lottery</strong> Association Income 65,414 TOTAL NON-OPERATING REVENUE 330,065 INCOME BEFORE OPERATING TRANSFERS 23,860,515 TRANSFERS TO OTHER FUNDS (26,372,723) CHANGE IN NET ASSETS (2,512,208) TOTAL NET ASSETS, BEGINNING OF YEAR 7,452,082 TOTAL NET ASSETS, END OF YEAR $4,939,874 The accompanying Notes to the Financial Statements are an integral part of this statement. 22
Page 2 and 3: annual report july 1, 2004 through
Page 4 and 5: G E N E R A L I N F O R M A T I O N
Page 6 and 7: L O T T O D E V E L O P M E N T S I
Page 8 and 9: deferring rather than canceling the
Page 10 and 11: S C R A T C H $10 SCRATCH GAMES The
Page 12 and 13: DESIGN ‘EM CONTEST During January
Page 14 and 15: R E L A T I O N S H I P S A N D R E
Page 16 and 17: Scratch 1. Skagway Discount Store,
Page 18 and 19: 6/2005--$6.3 million Compulsive Gam
Page 20 and 21: Kathy Kuhlmann, Hastings Powerball
Page 22 and 23: F I N A N C I A L S T A T E M E N T
Page 26 and 27: statement of C A S H F L O W S For
Page 28 and 29: egardless of the timing of related
Page 30 and 31: The Nebraska Lottery financial stat
Page 32 and 33: 5. Capital Assets Capital asset act

Annual Report - Nebraska Lottery

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