Laserfiche WebLink
Conservation <br />Trust - Lottery <br />Fund Revenue <br />Intergovernmental <br />State Lottery - The Conservation <br />Trust Fund statute governs how <br />municipalities can expend lottery <br />proceeds. Each municipality's share <br />is based on July population estimates <br />from the prior year. Proceeds are <br />distributed monthly. For fiscal year <br />1997 State Lottery funds are projected <br />to be $159,000. (Lottery funds can <br />only be used for the acquisition, <br />development, and maintenance of <br />"new conservation sites" or for <br />capital improvements to or for <br />maintenance of recreational <br />purposes on any public site.) <br />Miscellaneous <br />Interest Earnings - Interest earnings <br />results from deposits of cash. Interest <br />earnings are estimated based on <br />1997 revenues and 1997 beginning <br />and ending balances. Interest <br />earnings for fiscal year 1997 are <br />budgeted at $13,000. <br />58 <br />