M-DCPS Financial Services

   

Reporting of Lottery Funds

The Educational Enhancement Trust Fund was set up to segregate the lottery funds which are administered by the Department of Education. The money deposited in this fund is allocated to: public schools, community colleges, state universities and student financial aid. On an annual basis, the legislature appropriates lottery funds to provide cash and debt service requirements of the Classroom First Bond Program and Class Size Reduction Lottery Capital Outlay Program. In addition to this, lottery proceeds partially fund the Class Size Reduction allocation. It also funds the School Recognition allocation. A portion of the net lottery revenues, as determined annually by the legislature, shall be distributed to each school district if there are available funds after the School Recognition allocation is determined. This revenue is referred to as Discretionary Lottery funds. Discretionary Lottery funds are made available to each public school in the various school districts for enhancing school performance through development and implementation of a school improvement plan. A portion of these monies as determined annually in the General Appropriations Act must be allocated to each school in an equal amount for each student enrolled. These funds may be expended only on programs or projects selected by the school advisory council or by a parent advisory committee. In the case of Miami-Dade County Public Schools, these funds are allocated to the Educational Excellence School Advisory Council (EESAC) so that it can address unique needs of the students in each respective school. If the Discretionary Lottery allocation exceeds the yearly costs incurred by EESAC, excess funds are used to partially fund the cost of School Counselors.

We have provided quarterly breakdowns by fiscal year showing how Discretionary Lottery fund allocations have been spent since fiscal year 2010-11.

In order to access additional information related to the Educational Enhancement Trust Fund go to www.fldoe.org/finance/fl-edu-finance-program-fefp/edual-enhancementtrust- fund.stml.

Information about the budget is available by calling the Office of Budget Management 305-995-1226 from 8:00 A.M. to 4:30 P.M. Monday - Friday.

Reference copies of all budget documents are available in the Citizen Information Center, weekdays between 8:00 A.M. and 4:30 P.M.

Citizen Information Center
School Board Administration Building, Room 158
1450 N.E. 2nd Avenue
305-995-1128

 

 

 

 

 

 

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