Copyright© 2007 by School Services of California, Inc.

                                      Volume 20                   For Publication Date: August 17, 2007             No. 18

Ask SSC . . .  

What Are the 2006-07 Lottery Projections? 

Q.        What amounts should community colleges use to accrue the 2006-07 fourth quarter Lottery revenues?    

A.        The California Department of Education (CDE) has updated its Lottery revenue projections. After reviewing the information, we concur with CDE’s recommendations that districts accrue Lottery revenues at $15.81 per FTES for the unrestricted lottery apportionment and $15.96 per FTES for the restricted (Proposition 20) apportionment. 

The CDE estimates that, in 2006-07, the Lottery will provide amounts totaling: 

·                    $120.80/FTES—unrestricted 

·                    $21.45/FTES—restricted (Proposition 20) 

The CDE is advising districts to review prior-year FTES adjustments to determine if funds are owed back to the state. Any amounts owed to the state will be offset against your apportionment, so districts should take that into account when booking the accruals. 

Districts can check the State Controller’s Office website for their accounts receivable balance at http://www.sco.ca.gov/ard/payments/lottery/.  

We will completely update our Dartboard once the State Budget is adopted. 

                                                                                                                               —Maureen Evans