HCPS FL Logo Business
Information Item
DATE: Tuesday, August 16, 2011
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 report displaying discretionary lottery revenue and expenditures.  For the fiscal year ending June 30, 2011, Hillsborough County Public Schools (HCPS) expended $743,085.  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.)

STRATEGIC OBJECTIVES
• Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  Yes)
The district has expended lottery dollars for the fiscal year ending June 30, 2011, as shown on the attached report.
EVALUATION
SUBMITTED BY: 
Susan Garcia   Gretchen Saunders
Manager of Services and Support, Budget
(813) 272-4064
  Chief Business Officer
(813) 272-4270
    A 9.02
Hillsborough County Public Schools (Florida) * Mtg.#20110816_469 (Board Meeting) * Section A Item# 9.02