Approval Sheet

CITY OF GILLETTE
201 E. 5th Street
Phone (307)686-5200
CITY OF GILLETTE


www.gillettewy.gov

 
DATE: 6/6/2017 7:00:00 PM
SUBJECT:
Council Consideration of a Resolution to Establish the Use of Funds Received from the State of Wyoming Through the Wyoming Lottery Corporation to be Allocated for Use in Funding Outside Agencies.
BACKGROUND:

The Wyoming Lottery Act of 2013 requires the State's Wyoming Lottery Corporation to pay a portion of the net proceeds from the sale of lottery tickets, or shares in nationwide lotteries, to the State Treasurer for re-distribution to communities within the State.  The Wyoming Lottery Act, however, does not regulate how municipalities may use the lottery funds they receive from the program.

 

Council has directed staff to prepare a Resolution setting forth a financial policy establishing a process by which these funds are used to fund outside agencies which do not receive One Percent Tax funds.  Traditionally, these outside agencies include Campbell County Economic Development, Gillette Main Street, the Northeast Wyoming Grown Alliance and the Campbell County Predatory Board.

 

This Resolution, if adopted, would allow these lottery funds to be expended, to the extent available and necessary, for the purposes of funding these non -One Percent Tax entities.  Any additional funds would then be released back to the General Fund for operational purposes.

ACTUAL COST VS. BUDGET:
SUGGESTED MOTION:
I move to approve a Resolution to Establish the Use of Funds Received from the State of Wyoming Through the Wyoming Lottery Corporation to be Allocated for Use in Funding Outside Agencies
STAFF REFERENCE:
Tom Pitlick, Finance Director; Patrick Davidson, City Attorney
ATTACHMENTS:
Click to download
Resolution on Lottery Proceeds