Sarasota County Schools
Agenda Item #34
Title
APPROVAL OF FOURTH QUARTER LOTTERY REPORT FOR FISCAL YEAR 2006-2007
Description
Chapter 24.121(5)(f) of the Florida Statutes states that "each school district shall, on a quarterly basis, make available to the public and distribute, in an easy to understand format, the expenditures of lottery funds allocated to the school district." The first full year of the Florida Lottery was 1989-90, and the 30 page Florida Department of Education publication entitled "2004-2006 Education Appropriations" that were funded by the Florida Lottery can be viewed at www.fldoe.org/strategy/pdf/lottery.pdf. In 1989-90, the School Board of Sarasota County received $341.93, per student from the Florida Lottery. In 2006-2007, the School Board of Sarasota County received $111.30, per student from the Florida Lottery. In 2006-07, the Florida Lottery dollars were allocated for part of the Class Size Reduction, all of the School Recognition and all of the Discretionary District Lottery Funds. The Fourth Quarter Report of Lottery Proceeds and Expenditures for the 2006-07 fiscal year is presented accordingly.
Recommendation
That the Fourth Quarter Report of Lottery Proceeds and Expenditures for the 2006-07 fiscal year be approved as presented.
Contact
WEIDNER
Financial Impact
N/A
Attachment: Fourth QTR.pdf