THE GEORGIA LOTTERY Selected Summary Financial Information from Inception (November 2, 1992) Through Fiscal Year Ended June 30, 2012 Greg S. Griffin State Auditor Department of Audits and Accounts 270 Washington Street, S.W. -Suite 1-156 Atlanta, Georgia 30334 The Georgia Lottery Table of Contents Letter of Transmittal 1 Introduction 1 The Georgia Lottery 3 Utilization of Lottery Income 5 Lottery Reserves 6 Top Ten Lottery Programmatic Areas 7 Appropriations for Education Compared with Total Appropriations 9 Object Classes to Which Lottery Funds Appropriated 10 Glossary of Terms 13 This report Issued by the: State of Georgia Department of Audits and Accounts State Government Division 270 Washington Street, S.W . - Suite 1-156 Atlanta, Georgia 30334 (404) 656. 2180 Greg S. Griffin STATF. AtJDITOR (40-t) ti56-2 1HO D EPARTMENT OF AUDITS AND A CCOUNTS 270 Washington Street, S.W., Suite 1-156 Atlanta, Georgia 30334-8400 January I I, 20 13 Honorable Nathan Deal, Governor Members of the General Assembly and Citizens ofthe State of Georgia Ladies and Gentlemen: This special report contains selected pertinent summary financial information about The Georgia Lottery. The report covers that period oftime from the approva l and activation of the lottery on November 2, 1992 to the end of the fi scal year ended June 30, 201 2. The information was obtained primarily from State of Georgia Comprehensive Annual Financial Reports and from other audited financial statements. The in formation has been presented in a manner which will provide insight relative to operation of the Lottery in Georgia. Summary financial information presented herein reflects lottery revenues, appropriations and other sources/uses of funds in formats similar to financial statements. We are knowledgeable about matters regarding financial accounting and reporting for governmental units and have taken care in preparing the information for presentation herein. The financial presentations and in formation presented herein do not represent the financial activity of any single organization of the State of Georgia nor is it intended to be presented in accordance with accounting principles generally accepted in the United States of America. However, we believe the information provided is both useful and relevant to gaining an understanding of the Lottery program as operated in the State of Georgia. This special report is presented for informational purposes only and we do not express an opinion or any other form of assurance on the information presented in this report. This repo11 is intended for usc by the leadership of the State of Georgia. This restriction is not intended to limit the distribution ofthis report which is a matter of public record. Respectfully submitted, Greg S. Griffin State Auditor (This page intentionally left blank.) Introduction Purpose of Report The purpose of this report is to provide a financial overview of The Georgia Lottery from the time of approval by the voters in November 1992 to the end of the most recent fiscal year which occurred on June 30, 2012. This report is not a detailed study of the lottery, nor is it an audit or review of the lottery program. Preparation of Financial Information Financial activities associated with the lottery in Georgia take place in eight organizations of the State. The summary financial information presented in this report was obtained from the State of Georgia Comprehensive Annual Financial Report and reports and other data of the individual State organizations. Lottery financial information was extracted from these reports and is summarized and accumulated in this report. Proper Use of Lottery Funds Defined "Georgia Lottery for Education Act" states that: "net proceeds of lottery games...shall be used to support improvements and enhancements for educational purposes and that such net proceeds shall be used to supplement, not supplant, existing resources for educational purposes and programs." Lottery Ticket Sales The first lottery tickets were offered for sale on June 29, 1993 and in the final two days of the 1993 state fiscal year, net ticket sales were $18.6 million. With the exceptions of fiscal year 2001, fiscal year 2010 and fiscal year 2011 , net ticket sales have increased steadily and reached almost $3.6 billion for fiscal year 2012. The Georgia Lottery Corporation offers a variety of lottery tickets for sale which include instant (scratch-off) ticket sales (i.e ., Instant Games) and draw ticket sales for Cash 3, Cash 4, Decades of Dollars, Fantasy 5, Keno!, Georgia FIVE, Powerba/1, Mega Millions, and Win for Life. (B (q~~~~ ~FWE ;-Hx.u ~ l v ~- SliO,OOOa ftM - JO'fUUI 1- NET LOTTERY TICKETSALES (DOLLARS IN BILUONS) 1994- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1999 A11eroge of Yean The Georgia Lottery Defined The term 'The Georgia Lottery," as used in this report, includes all financial activity of the Georgia Lottery Corporation and financial activity of the Office of the State Treasurer related to Lottery funds. Information on the financial activities of agencies receiving appropriations is not included in this review. The Georgia Lottery Corporation was created specifically to perform the various aspects of operating and managing a state lottery. The Corporation was created by an act of the General Assembly of Georgia (Georgia Lottery for Education Act, 1992) and was given operating authority by the citizens of Georgia. Activities of the Corporation are directed by a seven member board of directors appointed by the Governor and confirmed by the Senate. The State of Georgia Office of the State Treasurer receives the net proceeds from The Georgia Lottery Corporation. As required by law, the Office of the State Treasurer maintains the "Lottery for Education" account, as a separate account, into which net lottery proceeds are deposited and maintained. These net proceeds along with their earnings are transferred to the respective State agencies based on appropriations made by the Georgia General Assembly. Agencies of the State of Georgia Receiving Lottery Appropriations The General Assembly may make appropriations from the Lottery for Education account to those State agencies having education responsibilities. The purposes for and amount of funding provided to these agencies is determined by the Governor and the General Assembly. The agencies are responsible for expending lottery funds in accordance with applicable provisions of the Georgia Lottery for Education Act. Agencies of the State which have received Lottery for Education appropriations are as follows: Department of Education (includes Office of School Readiness prior to 2005) Department of Early Care and Learning (successor to the Office of School Readiness) Regents, University System of Georgia Georgia Student Finance Commission Technical College System of Georgia (formerly the Department of Technical and Adult Education) Office of the Governor 2 The Georgia Lottery The Georgia Lottery for Education Act provides that as nearly as practical, at least 45% of the amount of money from the actual sale of lottery tickets shall be made available as prize money. Through June 30, 2012, prizes amounted to 59.1% of lottery ticket sales, net of tickets provided as prizes. The Georgia Lottery for Education Act also provides that, as nearly as practical, net proceeds shall equal at least 35% of the Georgia Lottery Corporation's lottery proceeds. Net proceeds are required to be transferred to the Office of the State Treasurer quarterly. From inception to June 30, 2012, the Lottery Corporation has transferred 29%, over $13.6 billion, of lottery proceeds to the Office of the State Treasurer. The following three charts depict the prizes (percentage), net proceeds (percentage) and net proceeds (dollars transferred) from inception through June 30, 2012. PRIZES AS A PERCENTAGE OF LOTTERY TICKETS SALES 8~~ . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - -- - - - 6~1. 40"1. 2~1. 1994- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1999* Average of Years NET PROCEEDS AS A PERCENTAGE OF LOTTERY PROCEEDS 0% 1994- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1999" Average of Years NET PROCEEDS TRANSFERRED TO STATE TREASURY (IN MILLIONS) 1,000 800 1100 400 200 0 1994 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1999* Average of Years Lottery tickets sales, together with interest income and fees, have reached almost $47.2 billion in just over nineteen years of lottery operations. The interest earned as reported on page 4 includes Georgia Lottery Corporation interest ($73.0 million to date), as well as, amounts earned by the Office of the State Treasurer ($271.2 million to date) on Lottery Funds awaiting appropriation. 3 The Georgia Lottery From November 2, 1992 to June 30, 2012 Income Lottery Ticket Sales (Net of Tickets Provided as Prizes) Interest Income Fees (On-line and Retailer) Other Funds Total Income $ 46,715,849,000 344,181 '765 83,908,000 17,314,000 $ 47' 161,252,765 Utilization of Lottery Income Georgia Lottery Corporation Expenses Prizes Operating Expenses Lottery Appropriations (Net of Lapsed Funds) Department of Education Department of Early Care and Learning Georgia Student Finance Commission Regents, University System of Georgia Technical College System of Georgia Office of the Governor Less: Appropriations Returned to Office of the State Treasurer Retum of Surplus Thru FY 2012 Total Expenses and Appropriations Lottery Funds Remaining at June 30, 2012 Office of the State Treasurer Shortfall Reserve Unrestricted Reserve Georgia Lottery Corporation - Retained Earnings Total Utilization of Lottery Income $ 27,607,496,000 5, 607' 452,885 $ 33,214,948,885 $ 3,170,552,292 2, 524,597,484 7, 108,173,300 555,547,247 272,355,538 2,000,000 $ 13,633,225,861 (330, 742,593) 13,302,483,268 46,517,432,153 $ 423,053,000 220,767,612 643,820,612 0 643,820,612 $ 47,161,252,765 4 Utilization of Lottery Income Of each dollar of total income on page 4 , 11 .9 cents was used to pay operating expenses and 58.5 cents was paid out in prizes. For every DOLLAR generated from all sources by The Georgia Lottery PRIZES OPERATING EXPENSES 58.5 cents l~-~~- . Pi'!T1t :Wf 1KU 29.6 cents 11.9 cents The remaining 29.6 cents was appropriated as follows: 14.8 cents f or HOPE Financial Aid: 9.7 cents for HOPE Scholarships-Public 1.6 cents for HO PE Scholarships-Private 1.7 cents for HO PE Scholarships-Books 1.8 cents for HO PE Scholarships-Fees 9.9 cents for Pre-Kindergarten. 1.5 cents for Capital Outlay and 2.0 cents for all other Lottery funded programs. HOPE Financial Aid 14.8 cents Pre-Kindergarten 9.9 cents Capital Outlay 1.5 cents Other Lottery Funded Programs 2.0 cents After providing for these appropriations, 1.4 cents remained in the Office of the State Treasurer at June 30, 2012 which was reserved for use at a later date. Reserved 1n State Treasury and Lottery Retained Earnings ($643,820,612 as of June 30, 2012) 1.4 cents In addition, a total of $330,742,593 of Lottery Appropriations was remitted to the Office of the State Treasurer as surplus through June 30, 201 2; of which $27,089,474 was remitted during the fiscal year ended June 30, 2012. 5 Lottery Reserves The Georgia Lottery for Education Act initially required the Office of the State Treasurer to maintain two restricted reserve funds (Scholarship Shortfall Reserve and the Shortfall Reserve) to provide contingency funding for the various lottery programs through Fiscal Year 2011 . The law changed to a single requirement of a 50% shortfall reserve based on the net proceeds deposited into the Lottery for Education Account for the preceding fiscal year beginning in Fiscal Year 2012. This reserve can be drawn upon to meet any deficiencies should lottery revenues decrease to the extent that net proceeds are insufficient to meet amounts appropriated for the various lottery programs. In addition, after providing for the restricted reserves shown above, any Unrestricted Reserve which remains in the Lottery for Education account at the Office of the State Treasurer is available for appropriation by the General Assembly. The exhibits below depict the amounts in each type of reserve fund. l ottery Reserves in State Treasury I UnrOIInelod R_,., IShonhll RH1<110 ,..-----------------------========:=:_____. ., at FiscalYearEnd 1.200 a Sdl~nhop Shc<1foll Rt..,..... 1,000 100 SCI\OIIrslllpShortfal R-ve StaMonly Req11red Gownas Request Scholir5tlp Trol Shortfal Rt$ve Unreotrictod RMf!Ve Tro~ R1i5eMi ...... .._'\. ~ ~ " AYffo9f q{Yttm Lottery Reserves in State Treasury at Fiscal Year End AVfllfl' 19U 1998 ml 2001 2002 2003 2004 2006 2.,412,251 27,714,786 62,197,041 .2.380,127 11 ~>104,180 208,981,364 s 88,768,161 0 s 88,766,861 84,670,100 1&7,304.168 s 320,7.2,329 11o,oa.m 0 110,084,878 68,382,700 1,1107,317 322,874,831 134.004.202 1:14,004.202 69.167,200 m ,31U70 36M81272 s 17BM9J60 0 s 178,801~60 72.620.200 211.001,767 462131,317 188,768,767 0 188,768,767 71!,15UOO 2t~4811 M7 669,364.024 $ 21&R8U~ 0 s 21G.08G.2~ 78.269.200 318!80,765 $ 613.03&.218 SCI\OIIralllp Shortfal R-vt Stal1.1oldy ReqlAred Go\Gna'S R!uesl Schoia'shp Trol Shortfai R-vo Unreotrlctod Rtof!ve Trol ReseMs 2006 223,220,798 0 223,220,798 80,208,300 440,784,391 7c.m 1489 20111 s 227,246,248 0 s 227.246,246 82,279,661 s 111916131783 879,138,690 2008 236,4,428 0 236,4,428 81!,3U,087 862,428,771 873.238,288 2009 2010 238,770,942 0 238,770,942 81!,831!,100 872,860,636 1188,667,077 $ 272,993,887 s 272,993,887 88,146,706 482 ,213~22 s 843.364~14 2011 2012 332.26U82 0 332,216,982 88,388,236 180,033,786 680,879,003 0 23 R~ROO 220,787!12 s 843,820,612 6 Top Ten Lottery Programmatic Areas The following list describes the top 10 programmatic areas that have received appropriations from the Lottery for Education account. The totals represent appropriations from inception through fiscal year 2012. The charts on page 10, 11 and 12 provide information on the appropriations by fiscal year. The top ten programmatic areas account for 95.4% of Lottery for Education appropriations. 1. Pre-Kindergarten - $4,658,467,525 -A voluntary program offered by school systems and private providers designed to give 4-year-olds developmentally appropriate programs to enable them to begin kindergarten ready to learn. 2. HOPE Financial Aid - Tuition (Public Institutions) - $4,562,462,275 Helping Outstanding Pupils Educationally (HOPE) is a unique scholarship program that rewards students' efforts with financial assistance in degree, diploma, or certificate programs at any eligible Georgia public college, university or technical college. 3. HOPE Financial Aid Fees - $868,949,791 - Helping Outstanding Pupils Educationally (HOPE) covers HOPE-approved mandatory fees which vary at each college. This program was discontinued effective Fiscal Year 2012. 4. HOPE Financial Aid - Books - $774,628,598 - Helping Outstanding Pupils Educationally (HOPE) grants provide a $100 per quarter/$150 per semester book allowance. This program was discontinued effective Fiscal Year 2012. 5. HOPE Scholarships - Private Colleges/Tuition Equalization Grants $769,713,472- Students at Private Colleges can qualify for a total award of $2,150 per semester which consists of HOPE Scholarship of $1 ,800 and a Georgia Tuition Equalization Grant, currently paid from General Appropriations in the amount of $350. 6. Capital Outlay - $715,882,891 - Appropriations made to the Department of Education, the University System of Georgia and the Technical College System of Georgia for capital outlay projects. 7. Computers in the Classroom - $264,340,525 - Grants to local school districts to be used to purchase computers for use by students in the classroom. 8. Equipment - $207,842,958 - Various object classes specifically designating equipment in the object class. The largest appropriations and their respective object classes are $123,840,056 for "Equipment - Technical Institutes" and $40,187,500 for "Media Center and Library Equipment." 7 9. Equipment, Technology & Construction Trust Fund $186,226,311 -This fund , created by the General Assembly for the purpose of purchasing needed equipment at state supported colleges and universities under the Board of Regents, is funded by lottery appropriations. 10. Other Scholarship Programs - $175,960,611 - Scholarships provided for other scholarship programs. The largest appropriations are $85,926,285 for Teacher Scholarships and $60,703,670 for Promise Scholarships. Lottery Appropriations by Broad Categories Although the preceding list includes a number of different object classes, Lottery for Education appropriations are generally made in three broad categories; Pre-Kindergarten, Scholarships and Technology. The chart below reflects these three broad categories of appropriations for fiscal years 1994 through 2012. APPROPRIATION OF LOTTERY FUNDS BY BROAD CATEGORY 1 Pre-Kindergarten 1 Scholarships I Technology ~ ~------------------------------------------------------- 700 600 cIll 500 0 ~ 400 300 ---------------------------- 200 100 0 1994- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 1999" Average of years 8 Appropriations for Education Compared with Total Appropriations The Georgia Lottery for Education Act mandates that net proceeds (profits) from Georgia's lottery cannot be used to supplant funding for educational programs. This requirement ensures that lottery funds are not used to fund base level education programs previously funded with non-lottery funds. For purposes of this report, appropriations for education purposes are defined as those nonlottery appropriations made to the following agencies of the State: Department of Education (includes Office of School Readiness prior to 2005) Department of Early Care and Learning (successor to the Office of School Readiness) Regents, University System of Georgia Georgia Student Finance Commission Technical College System of Georgia (formerly the Department of Technical and Adult Education) Office of the Governor Teachers' Retirement System of Georgia Public School Employees Retirement System of Georgia Total State appropriations have increased from over $8.2 billion in fiscal year 1993 to $19.3 billion in fiscal year 2013. Education appropriations of non-lottery funds steadily increased in fiscal years 1994-2002, were fairly constant fiscal years 2003-2005, steadily increased again in fiscal years 2006-2008, declined in fiscal years 2009 and 2010, increased in fiscal year 2011, remained fairly constant in 2012 and looks to increase for fiscal year 2013. Education appropriations of lottery funds increased in fiscal year's 1994-1997 and has experienced both increases and decreases since fiscal year 1998; with an overall increase during that time span. During the four fiscal periods from 1993 to 1996, education and noneducation appropriations moved in a somewhat similar pattern. In fiscal years 1997-2008, education appropriations grew at higher percentage rates than those for non-educational purposes. Both appropriations decreased in fiscal years 2009 and 2010. Education appropriations increased in fiscal year 2011 , remained fairly constant in 2012 and look to increase in fiscal year 2013; while non-education appropriations decreased in fiscal year 2011, increased in fiscal year 2012 and look to increase again in fiscal year 2013. EDUCATION AND NON- EDUCATION STATE FUND APPROPRIATIONS (Excluding Appropriations for Debt Service) l)()c) tOOO . 800 c .0 . tk lllll ~(1() oo JOO 0110 !993 1999 2000 20()1 2002 2003 2004 2005 200G lduc:iitiOnRe~tulttr ASJpfO(JrhHIOn 5.36 7 .07 7.67 8.00 7.99 7.89 8.07 8.78 Ng n..f ducatfon 4.15 5.30 5 83 s.ss 6.03 ~.112 ~ 87 6.32 EducauonLon ery 0 .43 0.68 0 .72 0 .70 0.67 0.70 0.78 0.77 2007 9.67 6.82 0.84 2008 2009 10.S2 8.19 0.8 2 9 .?3 7 .0 3 0.88 2010 8$9 6.31 1.04 2011 9.21 6.01 1.15 2012 9.13 6.96 0.92 2013 9.42 7.35 0.90 Annual appropriations for fiscal years 1993-2012 are based upon the Amended Appropriations Act. Annual appropriations for fiscal year 2013 are based upon tho fiscal year 2013 Original Appropriations Act. 9 Object Classes to Which Lottery Funds Appropriated DEPARTMENT OF EDUCATION LOTTERY FOR EDUCATION APPROPRIATIONS Qlib!E!:!I !:!I.~SS IQ lO!tll!;;l18ff!SQffSI8IIii!;l Algebra Classrooms Altematiw Programs Applied Technology Labs ASSISti\10 iochno!ogy Capital Outley Computer Hardware/SOftware In Ct11ssrooms Computers in the Classroom Distant Loomtng 11arawor6 11n0 Cllbllng Dlstllnt Leammg Satellite Dishes Drug and AntiVIolenc6 Education Educ:r;~tional Technology Centers Ftnoncl91 nna M llnr;lgement Equipment Fort Drsc o\.Ory NatiOnot Sctonce Center lnstruc:tlonr;~t Technology Learning Logic Sites Media Center 11nd library Equipment Model Technology Schools Ne~t Generation Schools Post Secondary Options Pre-Kindf;lrgarten for 4-year-otds Pro-KindergMen Grants Pre-Kindergarten Operations Pre-Kindergarten Per5onat Sen.ices Safe Schools Grant Technology Installation Sub-Total Les Lapsed Funda Total O.partmant of Eduoatlon Nineteen Year TOTAL& Fi ac;.pl YOol)I"S 1994 through 2010 $ 763,000 $ 753,000 $ 1&,175,400 15,175,400 22,280,000 22,260,000 14,000,000 1536,807,308 33,087,500 14,000,000 536,807. 306 3 3,0 8 7, 5 0 0 231,263,026 1 4 , 1 3 8, 0 7 8 &,407,839 231 '253,025 14,138,078 5 ,407,839 2,02&,000 6 ,244 ,236 115,648,180 2.025,000 5,244,236 15,548, 180 2,63&,000 31,238,000 3,324,000 2, 6 35,000 31 ,238,000 3,324,000 40,187,600 10,760,000 2,000,000 40,187,500 10,750,000 2 ,000,000 22,208,666 707,&91,010 1,374,878,108 32,233,177 12,387,886 24,000,000 22 ,208,555 707,591,090 1,374,678,108 32,233, 177 12,367,886 24,000,000 1 8,9 9 0: 0 0 0 19 ,990,000 3,177,102,880 !7,350,318! 3 , 177.902,660 (7 3!.0,368) s I 3 ,170,662,282 $ 3, 170,552,292 Flscel Year 2011 0 s 0 0 $ Aacal Year 2012 0 0 0 DEPARTMENT OF EARLY CARE AND LEARNING LOTTERY FOR EDUCATION APPROPRIATIONS OBJECT CLAl! TO WHICH APPROPRIATED Pre-Kindorgarlen Grunts Pr&-Kindargorton Openllions Pre-Kindergarten Personal Sel\lces Eight Year TOTALS' .. Fiscal Year 2005 through 2010 s 2.464,028.046 46,284,928 21,304,610 s 1,8 2 8,0 6 8. 634 32.514 ,928 15.306.863 Fiscal Ye11t: 2011 s 3 4 6 . 7 7 2, 5 6 2 5,265.872 2.977.625 Fiscal Year 2012 289,186.850 8.464.128 3,020,022 Sub-Total Less: Lapsed Funds Total Early Care and Laarnlng 2,531,617,464 (7, 0 0 0.0 0 0 ) 2,52.4,1117,464 s 1,875,890,425 0 s 1. 8 7 5,8 9 0 , 4 2 5 355,016,059 0 s 355.018.059 300,691,000 F . OOO,OOO! 293.691.000 Beginning with the fiscal year 2006 Appropriation Act, the State changed from results-based budgeting focusing on object classes to a prioritized program-based budget methodology. However, for comparative purposes, the data in these tables is presented at the object class level. *-In state fiscal years 2004 through 2012, the Department of Education received no appropriation of Lottery for Education Funds. **-Appropriations made to Office of School Readiness, a Budget Unit of the Department of Education, fiscal years 2001-2004. ***-Beginning with fiscal year 2005, Office of School Readiness changed to the Department of Early Care and Learning and became a separate budget unit. 10 REGENTS, UNIVERSITY SYSTEM OF GEORGIA LOTTERY FOR EDUCATION APPROPRIATIONS OBJECT CLASS TO WHICH APPROPRIATED Capttal Outlay Capital Outlay Agricultural Experiment Stations Capital Outlay Albany State College Nineteen Year TOTALS""" Fiscal Years 1994 through 2010 $ 20,469,980 $ 1, 500,000 16,639,611 20,469,980 $ 1,500,000 16,639,611 Fiscal Year 2011 0 $ F1scal Year 2012 0 Capital Outlay GPTC Capite! OutiiiY Georgia COllege Capttal Outlay Georgia M11ltary College 3 0, 942,612 300,000 3,500,000 30,942,512 300,000 3,500,000 Chehaw Educahon Center Computer Labs Vocational Instruction Distant Leeming Satellite Dishes 2,000,000 240,000 4 00,0 0 0 2,000,000 240,000 400, 000 Educational Equ1pment Educational Technology Center EqUipment 200,000 1,910,000 1,000,000 200,000 1,910,000 1,000, 000 Equipment GMC Equipment GPTC Equipment Public Ubranes 438,000 3,300,000 800,000 438,000 3,300,000 800,000 Equipment Vocational Instruction Equipment, TechnOlogy and Construction Trust Fund Georgia Mllltal)l COllege Computer Charges 2, 000,0 0 0 186,226,311 140,000 2,000,000 166,226,311 140,000 Georgia Public Telecommunications Commission Georgia Research Alliance lntemat Connection lnltlatlw 15,186,000 100,996,689 13,173,422 15, 166, 000 100,996,689 13,173,422 Mercer Unlwrslty Grant Equipment Per Diem, Fees and Contracts Research Consortium Georgia Research Alliance 250,000 50,000 2 4, 200,0 0 0 250,000 50,000 24 ,200,000 Special Fund1ng lrit1ah~es Student Information System Technology Equipment Initiative ZOO Atlanta Resources Center 103,605,500 20,000,000 3,679,222 2, 500,000 103,605,500 20,000,000 3,579,222 2,500,000 Sub-ToUII leas lspsed Funds Total University System of Georgia 1555,547,247 0 s 555,647,247 s 555,547,247 0 0 0 0 0 555.547.247 s _ _ _ _....o:.. s _____a;.. Beginning with the fiscal year 2006 Appropriation Act, the State changed from results-based budgeting focusing on object classes to a prioritized program-based budget methodology. However, for comparative purposes, the data in this table is presented at the object class level. ****-In state fiscal years 2004 through 201 2, the University System of Georgia received no appropriation of Lottery for Education Funds. II GEORGIA STUDENT FINANCE COMMISSION LOTTERY FOR EDUCATION APPROPRIATIONS QBJg! CLA!! TQ WH!!;;!::! /!PPRQ~RIATED Englnoer SchOlarships Goorgta Mllllary COllege Scholarships HOPE Financial Aid Nineteen Year TOTALS Flscel Years 1994 lhr!!!;!li!h 2010 s 8,646,600 $ 13,628,795 31,413,787 8.9~5.500 $ 12,298,087 39,413,797 HOPE Flnenclel Aid Boo~s HOPE Flnancllll Aid Foos HOPC: Flnoncilll Aill Tuition 774,828,588 888,841,711 4,1123,048,478 712,375,057 796,348,158 3,400,060,680 HOPE Joint EnrOllment HOPE SchOlarships Prh.ete COlleges LEPD SchOiar&llip Low Interest Loons o48,388,2211 141,857,04.ol 2,202,813 20,000,000 37,264,625 529,766, 186 2,202,813 Operating Ser.Acos HOPE Admll'llslratlon Peraonol SeNces . HOPE Admll'll!llfllllon Promise SchOlarships 23,411,837 31,377,302 80,703,&70 17,946.270 2 2,0 6 1 ,0 8 3 60,703,670 COllege Opportunity Gmnt Promise II SchOlarships Public So!ety Memortlll Grant Teacher Sch01e111hlps Turtlon Equlllrzatlon Grants .oi,M.oi,OOO 4,0511,7o48 1,887,861 85,928,285 127,961,o428 4 ,055,748 1 , 5 3 5, 10 0 85,926,285 127,858,o428 Sub-Total La. . Lapsed Funds 7, 271,741,072 1111,171 172! Totlll Oeorgl 8wdent Flnncoe Commleslon 7.108,173,300 $ 6,868,739,287 { 18. ~ 4 5,7o40,00o4,013 $ FltCIII Y. .r 2011 620,000 $ 1, 228,708 62,253,5-41 72,601,633 586,913,182 9,134,600 58,663,937 2,315,204 4,850,310 4,9o44,000 362,761 803.667,853 q K f )) 79o4,887,868 $ FIIC411 Veer 2012 638,07o4,636 53,428,921 20,000,000 3,160,483 4,665,909 817,317,929 {43.836.o498) 573,o481,431 TECHNICAL COLLEGE SYSTEM OF GEORGIA LOTTERY FOR EDUCATION APPROPRIATIONS O&JECT CLAII8 TO WHICH API'Mlf'ftiATED Allllttve Technok>Qy Otantl capot CWoy CO!>ot O..llty AtJI i.Jibl C:.potM O..llty Tec::t'W\Icll hlbtule Sat. .te Fac.lill COII1>uler Horul~~< LOI>Oratc>r & sateMe Oth . A