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AUDIT SUMMARY

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DEPARTMENT OF CHARITABLE GAMING REPORT ON AUDITFOR THE TWO-YEAR PERIOD ENDEDJUNE 30, 2006 AUDIT SUMMARY Our audit of the Department of the Charitable Gaming for the two-year period ended June 30, 2006, found: • proper recording and reporting of all transactions, in all material respects, in the Commonwealth Accounting and Reporting System; • no matters involving internal control and its operations necessary to bring to management’s attention; and • no instances of noncompliance with applicable laws and regulations or other matters that are required to be reported. - T A B L E O F C O N T E N T S - Pages AUDIT SUMMARY AGENCY HIGHLIGHTS 1 AUDIT OBJECTIVES 2 AUDIT SCOPE AND METHODOLOGY 2-3 CONCLUSIONS 3 EXIT CONFERENCE AND REPORT DISTRIBUTION 3 AGENCY OFFICIALS 4 AGENCY HIGHLIGHTS The Department of Charitable Gaming controls all charitable gaming in the Commonwealth through prescribed regulations that look to ensure the integrity of charitable gaming and maintain a high quality environment to eliminate fraud, as well as to provide assistance to qualified organizations to enhance their charitable fund raising activities. The table below compares the Department’s original ...

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DEPARTMENT OF CHARITABLE GAMING

REPORT ON AUDIT

FOR THE TWO-YEAR PERIOD ENDED

JUNE 30, 2006

AUDIT SUMMARY

Our audit of the Department of the Charitable Gaming for the two-year period ended June 30, 2006,

found:

•

proper recording and reporting of all transactions, in all material respects, in the

Commonwealth Accounting and Reporting System;

•

no matters involving internal control and its operations necessary to bring to

management’s attention; and

•

no instances of noncompliance with applicable laws and regulations or other

matters that are required to be reported.

- T A B L E

O F

C O N T E N T S -

Pages

AUDIT SUMMARY

AGENCY HIGHLIGHTS

AUDIT OBJECTIVES

AUDIT SCOPE AND METHODOLOGY

2-3

CONCLUSIONS

EXIT CONFERENCE AND REPORT DISTRIBUTION

AGENCY OFFICIALS

AGENCY HIGHLIGHTS

The Department of Charitable Gaming controls all charitable gaming in the Commonwealth through

prescribed regulations that look to ensure the integrity of charitable gaming and maintain a high quality

environment to eliminate fraud, as well as to provide assistance to qualified organizations to enhance their

charitable fund raising activities.

The table below compares the Department’s original and adjusted budgets with actual expenses.

The

Department collected revenues of approximately $3,142,493; $3,266,408 for fiscal years 2005 and 2006

respectively, for licenses, permits, and fees.

Original Budget to Actual Expenses

Original Budget

Adjusted Budget

Actual Expenses

Fiscal Year 2006:

General

2,485,149

2,635,578

2,635,574

Special

81,000

Total

2,566,149

2,716,578

2,635,574

Fiscal Year 2005:

General

2,181,690

2,208,090

2,207,001

Total

2,181,690

2,208,090

2,207,001

Personal services accounts for most of the Department’s expenses.

For fiscal year 2006, personal

services and contractual services accounted for 74 percent and 17 percent respectively.

Expenses by Major Object

FY2006

FY2005

Personal services

1,940,546

1,612,021

Contractual services

445,766

177,090

Supplies and Materials

12,219

19,095

Transfer payments

Continuous charges

215,781

371,987

Equipment

21,262

26,783

Total

2,635,574

2,207,001

March 28, 2007

The Honorable Timothy M. Kaine

The Honorable Thomas K. Norment, Jr.

Governor of Virginia

Chairman, Joint Legislative Audit

State Capital

and Review Commission

Richmond, Virginia

General Assembly Building

Richmond, Virginia

We have audited the financial records and operations of the

Department of Charitable Gaming

for

the years ended June 30, 2005 and June 30, 2006.

We conducted our audit in accordance with Government

Auditing Standards, issued by the Comptroller General of the United States.

AUDIT OBJECTIVES

Our audit’s primary objectives were to evaluate the accuracy of recorded financial transactions on the

Commonwealth Accounting and Reporting System, review the adequacy of the Department’s internal

controls, and test compliance with applicable laws and regulations.

AUDIT SCOPE AND METHODOLOGY

The Department of Charitable Gaming’s management has responsibility for establishing and

maintaining internal control and complying with applicable laws and regulations.

Internal control is a process

designed to provide reasonable, but not absolute, assurance regarding the reliability of financial reporting,

effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

We gained an understanding of the overall internal controls, both automated and manual, sufficient to

plan the audit.

We considered materiality and control risk in determining the nature and extent of our audit

procedures.

Our review encompassed controls over the following significant cycles, classes of transactions,

and account balances.

Expenditures

Revenues

Payroll

State travel charge cards.

We performed audit tests to determine whether the Department’s controls were adequate, had been

placed in operation, and were being followed.

Our audit also included tests of compliance with provisions of

applicable laws and regulations.

Our audit procedures included inquiries of appropriate personnel, inspection

of documents, records and contracts, and observation of the Department’s operations.

We tested transactions

and performed analytical procedures, including budgetary and trend analyses.

CONCLUSIONS

We found that the Department of Charitable Gaming properly stated, in all material respects, the

amounts recorded and reported in the Commonwealth Accounting and Reporting System.

The Department

records its financial transactions on the cash basis of accounting, which is a comprehensive basis of

accounting other than accounting principles generally accepted in the United States of America.

The financial

information presented in this report came directly from the Commonwealth Accounting and Reporting

System.

We noted no matters involving internal control and its operation that we consider necessary to be

reported to management.

The results of our tests of compliance with applicable laws and regulations

disclosed no instances of noncompliance or other matters that are required to be reported under Government

Auditing Standards.

EXIT CONFERENCE AND REPORT DISTRIBUTION

We discussed this report with management on April 11, 2007.

This report is intended for the information and use of the Governor and General Assembly,

management, and the citizens of the Commonwealth of Virginia and is a public record.

AUDITOR OF PUBLIC ACCOUNTS

WJK/whb

AGENCY OFFICIALS

DEPARTMENT OF CHARITABLE GAMING

Viola Baskerville, Secretary of Administration

Harry Durham, Interim Director

Betty Bowman, Assistant Director-Administration

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