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Business
Information Item
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DATE: Tuesday, June 15, 2010
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Discretionary Lottery Reports (Business 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 quarterly report displaying discretionary lottery revenue and expenditures. For the period ended March 31, 2010, Hillsborough County Public Schools (HCPS) expended $418,805. Lottery funds are used to:
- support the School Improvement Program
- develop and implement school improvement plans, and
- enhance existing funding to charter schools in Hillsborough County
(Lottery revenue is based on the Florida Education Finance Program Calculation data.)
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
* Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted: Yes)
The district has expended lottery dollars for the quarter ended March 31, 2010, as shown on the attached report.
EVALUATION
SUBMITTED BY:
Susan Garcia
Manager of Services and Support, Budget
(813) 272-4064
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Gretchen Saunders
Chief Business Officer
(813) 272-4270
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A 9.04
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Hillsborough County Public Schools (Florida) * Mtg.#20100615_402 * Section A Item# 9.04
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