State Lottery Payments Total $1.39 Billion for 2014-15 Fiscal Year
SACRAMENTO—State Controller Betty T. Yee announced today that payments from the Lottery Education Fund to school districts, higher educational institutions, and state agencies for the 2014-15 fiscal year totaled $1.39 billion.
The Controller transmits the money each quarter to county treasurers, who apportion it to school districts. The Controller makes direct quarterly payments to the University of California and Hastings College of the Law, and deposits funds for state departments. Payments are based on lottery income and unclaimed online prizes. In the 2013-14 fiscal year, payments from the Lottery Educational Fund totaled $1.35 billion.
Breakdown of funds to educational entities
|California State University||$49,308,817|
|University of California||$31,768,586|
|CA Dept. of Developmental Services||$265,104|
|Hastings College of Law||$120,951|
|CA Dept. of Education State Special Schools||$116,977|
|CA Dept of Youth Authority||$49,076|
Total fiscal year payments by country
|San Luis Obispo||7,561,474|
As the chief fiscal officer of California, Controller Yee is responsible for accountability and disbursement of the state’s financial resources. The Controller also safeguards many types of property until claimed by the rightful owners, and has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation's two largest public pension funds. Elected in 2014, Controller Yee is the tenth woman elected to a statewide office in California’s history. Follow the Controller on Twitter at @CAController and on Facebook at California State Controller’s Office.