Commission Meeting for 6/28/2012
 
Time, Date, and Place:Time, Date, and Place:

The 172nd Idaho Lottery Commission meeting teleconference was held on Thursday June 28, 2012, at 10:00 a.m. at the Idaho Lottery Commission, Boise, Idaho, 83702.

Attendance:

Commissioners Present:

Chairman, Roger Jones

Commissioners Present via Teleconference:

Commissioner, Mel Fisher;

Commissioner, David Keyes

Commissioner, Jim Rehder

Commissioner, Craig Corbett

Lottery Staff Present:

Director, Jeffrey Anderson;

Chief Operating Officer, Becky Schroeder;

Deputy Director of Marketing, Sherie MoodySt. Clair

Management Assistant, Jennifer QuinnoMiller;

Chief Financial Officer, Jay Prickett

1. MEETING CALLED TO ORDER:

Meeting called to order by Chairman Jones at 10:00 a.m.

2. APPROVAL OF THE DECLARATION OF THE FISCAL YEAR ’12 DIDVIDEND:

Director Anderson presented the Idaho Lottery Income and Expense Projection for Fiscal Year 2012 to the Commission recommending that they approve the declaration of a dividend in the amount of $41,500,000.

Commissioner Fisher moved to declare the dividend amount to be $41,500,000. Commissioner Keyes seconded the motion. With the vote being unanimous in favor of the declaration, the dividend was declared to be $41,500,000.

Director Anderson reminded the Commission that the check presentation to the Governor would be held on July 24, 2012 at 10:00 AM at the Capitol Annex with the regular Commission Meeting to follow.

3. ADJOURNMENT:

There being no other business to discuss, Commissioner Fisher moved to adjourn the meeting. Seconded by Commissioner Keyes and the vote being unanimous, the meeting was adjourned.

CERTIFICATION:

I hereby certify that the foregoing minutes are a true and correct record of the actions and decisions made by the Lottery Commission on June 28, 2012.

Jeffrey R. Anderson

Director