Okla. Stat. tit. 3A, § 3A-733: Reports – Records – Audits – Submission of annual

operating budget.

To ensure the financial integrity of the lottery, the Oklahoma

Lottery Commission through its board of trustees shall:

1. Submit annual reports to the Governor, State Auditor and

Inspector, Oklahoma State Bureau of Investigation, Attorney General,

and the oversight committee created by Section 734 of this title,

disclosing the total lottery revenues, prize disbursements,

operating expenses, and administrative expenses of the Commission.

The annual report shall additionally describe the organizational

structure of the Commission and summarize the functions performed by

each organizational division within the Commission;

2. Adopt a system of internal audits;

3. Maintain weekly or more frequent records of lottery

transactions, including the distribution of tickets or shares to

retailers, revenues received, claims for prizes, prizes paid, prizes

forfeited, and other financial transactions of the Commission;

4. Contract with a certified public accountant or firm for an

annual financial audit of the Commission. The certified public

accountant or firm shall have no financial interest in any vendor

with whom the Commission is under contract. The certified public

accountant or firm shall present an audit report not later than

seven (7) months after the end of the fiscal year. The certified

public accountant or firm shall evaluate the internal auditing

controls in effect during the audit period. The cost of this annual

financial audit shall be an operating expense of the Commission.

The State Auditor and Inspector may at any time conduct an audit of

any phase of the operations of the Commission at the expense of the

Commission and shall receive a copy of the annual independent

financial audit. A copy of any audit performed by the certified

public accountant or firm or the State Auditor and Inspector shall

be transmitted to the Governor, the President Pro Tempore of the

Senate, the Speaker of the House of Representatives, the State

Auditor and Inspector, and the cochairs of the oversight committee

created in Section 734 of this title;

5. Submit to the Office of Management and Enterprise Services

and the State Auditor and Inspector by June 30 of each year a copy

of the annual operating budget for the Commission for the next

fiscal year. This annual operating budget shall be approved by the

board and be on such forms as prescribed by the Office of Management

and Enterprise Services; and

6. Submit to the Office of Management and Enterprise Services

by October 1 of each year a proposed estimate of the net proceeds to

be deposited into the Oklahoma Education Lottery Trust Fund during

the succeeding fiscal year. The estimate shall be on such forms as

prescribed by the Office of Management and Enterprise Services.