1996-97 First Quarter Transfer to Schools Reflects Continuing Strong Sales.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--Jan. 7, 1997--Strong sales of nearly $500 million in the first three months of the current fiscal year produced a $182 million transfer of Lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. revenues to California's public schools, Lottery officials announced today. "Our continued strong sales in the first quarter is a very positive sign," said Lottery Commission Chairman Lisa Hughes. "We had anticipated a significant drop in revenues during this fiscal year due to the Keno and Scratchers vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. decisions. We're revising our sales estimates upward, with the positive SuperLotto, Scratchers and Hot Spot sales." Sales for the July through September period reached $493 million, enhanced in part by two SuperLotto jackpots in excess of $45 million. SuperLotto sales were $310 million and represented more than 60 percent of the purchases during this time period. Scratchers sales averaged about $9.5 million a week or about a quarter of total sales during the period. Lottery officials are projecting total sales for the fiscal year will reach $2 billion following the first quarter's strong revenue performance despite two legal rulings which terminated the Keno monitor game and use of Scratchers vending machines. The first quarter transfer total represents approximately $26 for each of the more than 6.9 million full-time students Full-Time Student A status that is important for determining dependency exemptions. An individual enrolled in a post-secondary institution may be eligible for certain tax breaks. Notes: The full-time status is based on what the individual's school considers full time. in California's public schools, kindergarten kindergarten [Ger.,=garden of children], system of preschool education. Friedrich Froebel designed (1837) the kindergarten to provide an educational situation less formal than that of the elementary school but one in which children's creative play instincts would be through twelfth and higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. entities. School allocations from the Lottery are expected to reach at least $700 million for the current fiscal year. The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Lottery sells its products through a network of nearly 22,000 outlets statewide, and through its supplier-vendor network, provides nearly 6,400 jobs for Californians. By law, the Lottery is required to provide at least 50 percent of its revenues to players as prizes, 34 percent to public schools and 16 percent for administrative expenses, which includes 6.5 percent for retailer commissions. Since 1985, the Lottery has raised more than $8.4 billion for public schools and has provided an annual average of approximately 38 percent of total revenues to schools. -0- Lottery Contributions Facts: Jan. 7, 1997 Lottery contributions represent approximately 2 percent of all money received annually by public education. Last fiscal year, overall funding for public education totaled over $41 billion, including the $841 million raised by the Lottery. Since the Lottery began in October 1985 and through the fiscal year 1996-97 first quarter transfer, the California Lottery has raised more than $8.4 billion for California's public schools, K-14 through higher education systems. In the November 1984 Election Ballot Pamphlet pamphlet, short unbound or paper-bound book of from 64 to 96 pages. The pamphlet gained popularity as an instrument of religious or political controversy, giving the author and reader full benefit of freedom of the press. , the Legislative Analyst's Office projected that the Lottery would provide about $500 million in supplemental funding annually to public schools. Since the first Scratchers ticket was sold in 1985, annual Lottery transfers to schools have averaged $750 million, 50% more than projected. The quarterly allocations are made by dividing the amount of funding raised for schools during a given quarter by the number of full-time students (ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) attending California public schools during the same period. The State Department of Education and the State Controller's Office establish the ADA level each fiscal year. Since 1985, the state's ADA level has risen from 5.4 million full-time students to the current level of more than 6.9 million students. By law, the Lottery must transfer at least 34% of its annual sales to public education, 50% of sales is returned to players in prize money, and up to 16% may be used for administrative expenses. Lottery revenues, by law, are to be supplemental to tax-based revenues. The passage of Proposition 98 in 1990 guaranteed that California public education would receive 40% of the tax revenues approved in the State Budget and Lottery revenues supplement that funding. Lottery revenues are transferred quarterly to local school boards and the governing bodies Noun 1. governing body - the persons (or committees or departments etc.) who make up a body for the purpose of administering something; "he claims that the present administration is corrupt"; "the governance of an association is responsible to its members"; "he of the statewide California State University Enrollment  and University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). systems. All decisions on the usage of the
funds are made by the local school board or the governing bodies of the
higher education institutions.
CONTACT: California Lottery, Sacramento John Schade or Gina Stassi, 916/324-9639 |
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