Business Services Information Item

DATE:	Tuesday, September 11, 2018
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Discretionary Lottery Reports (Business Services Division)
EXECUTIVE SUMMARY
The 1996 Florida Legislature adopted an amendment to Section 24.121, Florida Statutes, requiring local school districts to make available to the public a report displaying discretionary lottery revenue and expenditures.  For the fiscal year ending June 30, 2018, Hillsborough County Public Schools received and expended $389,962.  Lottery funds are used to:  Develop and implement school improvement plans Support the School Improvement Program Enhance existing funding to charter schools
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
The district has received and expended $389,962 lottery dollars for the fiscal year ending June 30, 2018.
EVALUATION
Completed School Improvement Plans
SUBMITTED BY:  Susan Garcia, General Manager, Budget, Cash Mangement, and Federal Finance

		Gretchen Saunders
		Chief Business Officer (813) 272-4270
		C 11.02
Hillsborough County Public Schools (Florida) * Mtg.#20180911_898 (Board Meeting followed by Public Hearing) * Section C Item# 11.02