Montana State Lottery Financial Statements, Years Ended June 30, ... 1997

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1997 1996 $ $ 1,739,432 165.679 1.905.111 $ 1,652.728 167.568 1.820.296 NOTE 7 - OTHER CURRENT LIABILITIES Other current liabilities consist of the following: Estimated return ticket liability Due to other state agencies Liability under security lending transactions Deferred on-line revenue NOTE 8 - LONG-TERM LIABILITIES Long-term liabilities consist of the following: Prize liability Multi-State Lottery Association Accrued compensated absences NOTE 9 - LEASES The Lottery' leases its office, adm
...inistrative and warehouse facilities under a lease agreement expiring February 2002. Rent expense under operating leases charged to operations was $78,000 for the years ended June 30, 1997 and 1996.
NOTE 10 - CONTRIBUTED CAPITAL No changes occurred in contributed capital for the years ended June 30, 1997 and 1996.
NOTE 1 1 - EMPLOYEE BENEFIT PLANS Pension Plan The Lottery participates in the Public Employees Retirement System (PERS). PERS is a statewide mandatory cost-sharing multiple employer defined benefit retirement plan which covers all employees.


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