2012 Budget - South Suburban Parks and Recreation

South Suburban Park and Recreation District
Conservation Trust Fund Budget Overview
Conservation Trust Fund Description
The Colorado Constitution, as amended in 1992, states that the net proceeds of the Colorado
Lottery are to be used for state and local parks, recreation facilities, open space,
environmental education, and wildlife habitats. This fund is used to account for the lottery
proceeds received from the State of Colorado that are legally restricted for park and
recreation purposes. The major revenue source for the Conservation Trust Fund is lottery
proceeds. The fund is also allowed to record interest earnings. All expenditures are for
parks and recreation capital projects.
Lottery fund distributions are received on a quarterly basis from the Colorado Department of
Local Affairs, Division of Local Governments. Lottery fund are distributed on a per capita
basis, with cities and counties receiving one full per person allocation. Special districts,
within a county, receive one half per person allocation with the other half going to the county
where the special district is located. For special districts, within a city, they also receive one
half per person allocation with the other half going to the city. Population estimates are
updated by the Division of Local Governments annually by July 1 st .
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