Approve Discretionary Lottery Report for Quarter Ended September 30, 2006 (Business Division)

The 1996 Florida Legislature adopted an amendment to Section 24.121, Florida Statutes, requiring local school districts to make available to the public a quarterly report displaying discretionary lottery revenue and expenditures. For the quarter ending September 30, 2006, the School District expended $2,070,878 of the $9,495,001 in discretionary lottery funds for fiscal year 2006-2007. Lottery funds are used to (1) provide student instruction BEYOND 5/hrs. a day, (2) support the School Improvement Program partially funded by state "categorical" revenue and, (3) provide funding to charter schools in Hillsborough County. (Lottery revenue is based on the Florida Education Finance Program Second Calculation Data).

The District has expended $2,070,878 in lottery dollars for the quarter ending September 30, 2006, as shown on the attached report.

By September 30, 2007, data will be collected to identify school districts statewide that provide instruction beyond the FEFP funded five-hour day to determine which districts provide the extra instructional time.