financial statements and independent auditors report montana state lottery june 30 2006 2005 a professional corporation of cernfled public accoustants po box 1699 helena 59624 1 699 406 442 5520 fax 443 1017 r i transmittal letter from the office legislative auditor commission members administrative officials 2 introduction background 3 management s discussion analysis 6 9 fund net assets 10 revenues expenses changes in 12 cash flows 13 notes to 14 22 on internal control over reporting compliance other matters based an audit performed accordance with government g standards 23 24 required communication division scott seacat d tori hunthausen chief deputy james gillett jim pellegrini october committee legislature enclosed is for fiscal year ended was
