March 30, 2005
Dear County Office and District Chief Business Officials and Charter School Administrators:
REVISED 2004-05 LOTTERY REVENUE PROJECTIONS
Due to strong lottery sales for the first three quarters of the fiscal year, the Lottery Commission is expected to increase its projection of total sales revenues for the 2004-05 fiscal year from $2.85 billion to $3.25 billion. Total revenues for education are expected to increase by $126 million over the initial projections for the year. Based on this, we are increasing our estimate of projected lottery revenues per ADA (average daily attendance) for fiscal year 2004-05 from $109 per ADA to $118 per ADA for the unrestricted lottery apportionment and from $12 per ADA to $20 per ADA for the Proposition 20 apportionment. This results in an increase of total projected lottery revenues from $121 per ADA to $138 per ADA, an increase of $17 per ADA.
If you have any questions regarding this change, please contact Janet Finley, Fiscal Consultant, Management Assistance Unit, at (916) 323-5091 or by e-mail at jfinley@cde.ca.gov.
Sincerely,
Scott Hannan, Director
School Fiscal Services Division
1430 N Street
Sacramento, CA 95814