Montana Lottery Financial Statements (Unaudited) September 30, 2006
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Other current assets consist of the following: September 30, 2006 2005 22,974 22,788 274 1.750 $23,248 $24,538 Prepaid Expenses Employee Advances TOTALS Transfer Obligations. The account "Transfer Obligations" is $2,71 4,849 payable to the General Fund at September 30, 2006. Compensated Absences . State employees earn vacation leave ranging from 1 5 to 24 days per year depending on the individual's years of service. 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, 2006 Earned/(Used) September 30, 2006 $184,725 $11,183 $195,908 Commissions. Section 23-7-301(10), MCA, provides 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.
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