Sarasota County Schools
Agenda Item #70
Title
QUARTERLY LOTTERY REPORTS
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 "2005-06 Education Appropriations" that were funded by the Florida Lottery can be viewed at www.firn.edu/doe/strategy/pdf/lottery.pdf. In 1989-90 the School Board of Sarasota County received $341.93 per student from the Florida Lottery. In 2005-06, the School Board of Sarasota County received $124.63 per student from the Florida Lottery. In 2005-06, 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 Second Quarter and Third Quarter Reports of Lottery Proceeds and Expenditures for the 2005-06 fiscal year are presented accordingly.
Recommendation
That the Second and Third Quarter Reports of Lottery Proceeds and Expenditures for the 2005-06 fiscal year be accepted as presented.
Contact
LEMPE & MONSON
Financial Impact
N/A
Attachment: 2ND QUARTER.pdf
Attachment: 3RD QUARTER.pdf