Montana Lottery Financial Statements (Unaudited) September 30, 2004
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Vacation leave may be accumulated not to exceed two times the maximum number of days earned annually. With no limit on accumulation, sick leave is earned at 12 days per year. Upon retirement or termination, an employee is paid 1 00% for unused vacation and 25% for unused sick leave. The Lottery's liability for compensated absences is detailed below. Balance Net Leave Balance June 30, 2004 Earned/fUsed) September 30. 2004 $190,739 ($6,362) $184,377 Commissions. Section 23-7-301(10), MCA, provide...s retailers a commission on scratch, Qwik Tix and lotto tickets or chances sold. The Lottery Commission established this commission at 5% of the face value of scratch tickets activated by the retailers and the face value of Qwik Tix and lotto tickets sold. For the quarter ended September 30, 2004 commissions totaled $460,819. Included in this amount are retailers' bonus commissions on tickets sold based on incremental sales of scratch tickets and Qwik Tix. During the quarter ended September 30, 2004 retailers earned bonus commissions of S51 ,431 .
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