Finance

Finance

Revenue generated from ticket sales represents two percent, or $880 million, of the total $31 billion, not including bond or federal dollars, needed for public school funding. Seventy cents of every dollar spent on the lottery go to pay for cash awards, retailer awards and administrative costs.

In this report analyzing an expenditure profile can reveal the following:

•Excessive growth of overall expenditures as compared to revenue growth or growth in wealth (personal and business income)

Undesirable increases in fixed costs

Ineffective budgetary controls

A decline in personnel productivity

Excessive growth in programs, which create future expenditures

Community needs and resources encompass economic and demographic characteristics, ...