1 / 18

FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING

FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING . Glenda Todd Office of Independent Education and Parental Choice Florida Department of Education (850) 245-0502 glenda.todd@fldoe.org Database Workshop June 2008.

jana
Download Presentation

FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING Glenda Todd Office of Independent Education and Parental Choice Florida Department of Education (850) 245-0502 glenda.todd@fldoe.org Database Workshop June 2008

  2. FTE(Full Time Equivalent Student)180 day term required by Section 1011.60(2), F.S. • 720 Hours of Instructional Time for Prekindergarten through Grade 3 Students (180 days x 4 hours per day) • 900 Hours of Instructional Time for Grades 4 through 12 Students (180 days x 5 hours per day) • A student may not earn more than one FTE and only the class time in the regular 180 day session may be counted for FTE funding purposes. (Exception: DJJ and Florida Virtual School.)

  3. FTE SURVEYS Four FTE Survey Periods per year: - Survey Period 1 (July) covers from the beginning of the fiscal year (July 1) to the beginning of the defined 180 day school year; -Survey Period 2 (October) covers the first 90 days of the 180 day school year; - Survey Period 3 (February) covers the second 90 days of the 180 day school year; - Survey Period 4 (June) covers the period from the end of the 180 day school program to the end of the fiscal year (June 30). In surveys 1 & 4, only DJJ Schools and Florida Virtual School are counted for FTE funding.

  4. FTE SURVEYS • Department of Education sets the survey week for each of the four surveys. • Date Certain is always the Friday of survey week. • FTE eligibility determined by: • - Verifying membership during survey week. • - Verifying one day of attendance during • survey week or one day during previous six • scheduled school days. • • FTE calculation based on student course schedule.

  5. PCF WFTE Florida Education Finance ProgramThe purpose is to provide funding for the operational expenses of schools. FTE FullTime Equivalent Students X Program Cost Factors = Weighted Full Time Equivalent Students

  6. Weighted Full Time Equivalent Students Base Student Allocation BSA DCD BASE FUNDING WFTE X X District Cost Differential =

  7. FEFPComponents Base Funding + Declining Enrollment + Sparsity Supplement + .25 Mill Discretionary Equalization + .498 Mill Compression + Lab School Discretionary Contribution + Safe Schools + ESE Guaranteed Allocation + Supplemental Academic Instruction + Reading Allocation and Merit Award Programs + DJJ Supplemental Allocation

  8. 2008-09 FEFP Calculation FTE Students 2,631,386.02 Program Weights Weighted FTE Students 2,833,615.39 Base Student Allocation (BSA) $3,971.74 District Cost Differential (DCD) Calculation × = × × = Base Funding $11,252,437,853 Declining Enrollment Allocation $35,774,001 Sparsity Supplement $39,191,698 0.498 Mill Compression $130,861,389 .25 Mill Discretionary Equalization $6,703,215 + + + + + Lab School Discretionary Contribution $5,509,528 Safe Schools $73,587,827 ESE Guaranteed Allocation $1,079,945,286 Supplemental Academic Instruction $702,182,550 Reading Allocation $111,511,321 + + + + + Net State FEFP $5,213,413,678 Merit Award Program $32,072,461 DJJ Supplemental Allocation $11,112,916 Gross State and Local FEFP $13,480,890,045 Required Local Effort (5.032) $8,267,476,367 – + + = = Discretionary Lottery Funds $107,428,356 School Recognition Program $109,977,820 Major Categorical Programs $3,576,466,185 + + = Total State Funding $9,007,286,039

  9. ESE Guaranteed Allocation • Exceptional education services for students whose level of service is less than Programs 254 and 255 (support Levels 4 and 5) are funded through the ESE Guaranteed Allocation.

  10. The students generate FTE funding using the appropriate Basic Program weight for their grade level. The allocation provides for the additional services needed. The allocation does not get recalculated during the year.

  11. Major Categoricals Student Transportation471,078,862 Instructional Materials259,551,440 Florida Teachers Lead Program 36,756,829 Class Size Reduction 2,809,079,054 Total $3,576,466,185

  12. FEFP CALCULATIONS • FEFP is recalculated 5 times each year. • 1st - May, created by the Legislature using projected FTE for all surveys. Used to establish WFTE caps. • 2nd - July, uses projected FTE from all surveys, has new certified School Taxable Values from Counties.

  13. FEFP CALCULATIONS • 3rd - December, first calculation of year to include actual FTE. Uses actual FTE for October, projected for February. • 4th - April, uses actual FTE, October and February. • 5th or Final - October of following year. • Includes FTE amendments & audits.

More Related