Ltr1-12: Lottery Revenue Projections
July 3, 2012
Dear County Superintendent of Schools:
2011–12 FOURTH-QUARTER ACCRUAL
2012–13 LOTTERY REVENUE PROJECTIONS
The following lottery accrual and revenue projections are offered for your information as you prepare year-end statements and update your budgets.
2011–12 Fourth-Quarter Accrual
The California Department of Education’s 2011–12 fiscal year lottery revenue projections are $120 per average daily attendance (ADA) in unrestricted revenues and $26 per ADA in Proposition 20 revenues restricted to instructional materials. The total amount apportioned through the third-quarter of 2011–12 (as of June 26, 2012) is $108.96 per unit of ADA in unrestricted revenues and $13.95 in Proposition 20 revenues. As such, we recommend that local educational agencies accrue fourth‑quarter revenues at $11.04 per ADA for the unrestricted lottery apportionment and $12.05 per ADA for the Proposition 20 apportionment.
Please note that if funds are owed to the state for prior-year ADA adjustments, these amounts will be offset against the apportionment and should be taken into consideration when booking the fourth-quarter accrual. Amounts due are listed under the Accounts Receivable Balance column and are broken down by non-Proposition 20 and Proposition 20. The third-quarter State Controller’s Office (SCO) Master Register on the SCO’s Web site at http://www.sco.ca.gov/ard_payments_lottery.html provides information on amounts due.
2012–13 Lottery Revenue Projections
The California State Lottery Commission is projecting total sales of $4.8 billion for fiscal year 2012–13. This level of sales would result in $1.3 billion for education. Based on these projections, we estimate that the lottery will provide $122 per ADA in unrestricted lottery revenues and $28 per ADA in Proposition 20 revenues for the 2012–13 fiscal year. We will monitor actual sales each quarter and advise you of any changes to the projection.
The Department requests that county superintendents of schools inform local educational agencies immediately of this information. If you have any questions regarding this letter, please contact
Stel Cordano, Fiscal Consultant, Office of Principal Apportionment and Special Education by phone at 916-327-0378 or by e-mail at firstname.lastname@example.org.
[Note: the preceding contact information is no longer valid and has been replaced by Victoria Pluim, Fiscal Analyst, Categorical Allocations and Management Assistance Unit, by phone at 916-324-4533 or by e-mail at VPluim@cde.ca.gov.].
Scott Hannan, Director
School Fiscal Services Division