Montana Lottery Financial Statements (Unaudited) March 31, 2003
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These services and materials are detailed below for the quarter ended March 31, 2003: Insurance $ 7,064 Warrant Writing Services 407 Payroll Services 684 Audit Fees 7,202 Work Study Contracts 6,483 Computer Fees 18,977 Printing 2.433 State Accounting System Support 10,625 Supplies and Materials 5,761 Mail Processing Fees 4,974 Telecommunications 17,611 Public Relations 7.000 Indirect Costs 65.385 Other 2.388 TOTAL $156,994 10 5. PRIZES Paid Prizes. Section 23-7-402, MCA states, "A minimum of 45...% of the money paid for ticl^ets or cliances must be paid as prize money". Prize expense is recorded based on ttie predetermined prize structure percentage for each game. For the quarter ended March 31 , 2003, the prize expense of $3,751 ,884 is 47.51 % of net Lottery ticl
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