Budget Analysis, 1991 Biennium, Presented to the 51st Legislature 1991 Vol 2

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Included in the administration costs shown in Table 12 are $281,129 of interest payments related to the lottery start-up loan.
These costs are reported as a non-operating expenditure in the state's accounting system.
The Montana Lottery has not generated the level of revenue that was anticipated during the 1987 legislative session. For each year of the 1989 biennium, the lottery was expected to generate $25,100,000. During fiscal 1988, $21,062,464 of revenue was generated and the lottery's curr
...ent projection for fiscal 1989 is that $19,700,000 in revenues will be generated through the sale of lottery tickets and license fees. During fiscal 1988, the lottery was able to draw on $1,500,000 general fund that had been authorized during the 1987 session to the lottery as a loan for start-up costs. However, start-up fluids are not available during fiscal 1989, which has forced the lottery to make significant reductions in their projected operating expenses for fiscal 1989.
Budget In the 1989 biennium all lottery expenses were included in the General Appropriation Act, even though operating expenses and payments to schools are statutorily appropriated.


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