Title
Resolution amending the Finance Policy, 3.3.1 Video Gaming Revenue Policy.
Staff Summary
• Lake County has had a Video Gaming Revenue Policy for several years, but there is a desire to update certain provisions of the policy.
• The attached policy sets a consistent allocation of the first $800,000 to programs that address problem gambling and related programming, with any additional revenue going to the General Fund.
• The policy also sets forth a specific amount for 211 information and referral services as well as a specific amount for gambling awareness, education, and treatment of gambling disorders.
• This policy will go into effect for the next round of Video Gaming Revenue applications, which will be available in Fiscal Year 2024 (beginning December 1, 2023). A separate, one-time use will be recommended for the revenue received in Fiscal Year 2023.
Body
RESOLUTION
WHEREAS, it is reasonable and prudent to review and update policies and procedures on a routine basis and update them as necessary; and
WHEREAS, the Video Gaming Revenue Policy has been incorporated into the Finance family of policies and is updated to reflect a consistent allocation of revenue to the Video Gaming Revenue Fund with any excess going to the General Fund; and
WHEREAS, some specific uses have been identified for the purposes of 211 information and referral services and gambling awareness, education, and treatment of gambling disorders; and
WHEREAS, the County Administrator and the Financial and Administrative Committee recommend the Video Gaming Revenue Policy set forth herein be utilized to stipulate the use of the Video Gaming Revenue Fund and the allocation of video gaming revenue.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the attached 3.3.1 Video Gaming Revenue Policy is hereby adopted.
DATED at Waukegan, Illinois on September 12, 2023.