Sacramento – The California Lottery announces fiscal year 2003-04 third quarter transfer of $ 281,424,449 to the Lottery Education Fund. The amount transferred is unaudited and represents fiscal year 2003-04 third quarter figures. This amount will be disbursed by the State Controller’s Office to the California’s public schools.
The Lottery Act requires Lottery funds to be used as supplemental funding and authorizes local discretion on the best use of the funds. “We will use this money for a P.E. teacher for 5 months, a music teacher for 2.5 months, an art teacher for 2.5 months and we will also buy supplementary math material” said John DeLandtsheer, Principal, Redlands Unified School District. Lottery funds also supports other areas of public education including: community colleges, University of California, California State University, adult education, charter schools and the California Youth Authority.
The breakdown of year to date transfers is as follows:
| Operating income |
$809,422,089 |
| Interest earned |
5,405,985 |
| Other Income |
74,749 |
| Unclaimed prizes |
40,860,729 |
| TOTAL |
$855,763,552 |
These funds bring the Lottery closer to generating over $1 billion for California's classroom for the fourth consecutive year. For additional information on how the California Lottery supports education see http://calottery.com/supportingeducation. Once there, you can find the amount of Lottery funds directed to your school district; and, learn more about the “Exceptional Educators” program where legislators recognize California’s extraordinary teachers, also the “Heroes in Education” program that recognizes outstanding community volunteers who go the extra mile to help school children.
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