FLORIDA DEPARTMENT OF EDUCATION
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STATE BOARD OF EDUCATION
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JIM HORNE
Commissioner of Education
F. PHILIP HANDY,
Chairman
T. WILLARD FAIR,
Vice Chairman
M
embers
LINDA J. EADS, ED.D.
CHARLES PATRICK GARCÍA
JULIA L. JOHNSON
WILLIAM L. PROCTOR, PH.D.
January 6, 2004
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CONTACT PERSON:
NAME: David Montford
Linda Champion
PHONE: (850) 245-0405
SUNCOM: 205-0405
CEFO:
04-24
TO: District School Superintendents
FROM: Raymond Monteleone
SUBJECT: 2003-04 Florida Education Finance Program Third Calculation
Attached is the third calculation of the 2003-04 Florida Education Finance Program.
This
calculation incorporates 2003-04 FTE and Supplemental information prepared from the
summation of July and October survey data on the database as of November 23, 2003, with
estimates for the February and June surveys.
The 2003 ad valorem tax roll certified by the
Department of Revenue on December 3, 2003, was used in the calculation of required and
discretionary local effort. An additional $38 million dollars for the state share of the FEFP,
which was provided by Chapter 2003-424, Laws of Florida (Senate Bill 22-E), lessened the
impact of a funding shortfall in the FEFP. Without the additional funding the amount of shortfall
would have been $44.5 million. With the increase in funding the shortfall is only $6.5 million.
The 2003 ad valorem tax roll certified by the
Department of Revenue on December 3, 2003, was used in the calculation of required and
discretionary local effort. An additional $38 million dollars for the state share of the FEFP,
which was provided by Chapter 2003-424, Laws of Florida (Senate Bill 22-E), lessened the
impact of a funding shortfall in the FEFP. Without the additional funding the amount of shortfall
would have been $44.5 million. With the increase in funding the shortfall is only $6.5 million.
In comparing the third calculation with the second calculation of the 2003-04 FEFP, the
following summary-level changes are noted:
1.
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Unweighted FTE increased by 18,432.43 from 2,540,044.15 to 2,558,476.58.
2.
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Funded weighted FTE increased by 9,233.28 from 2,802,925.04 to 2,812,158.32. The
Group 2 over-cap weighted FTE is 4,096.47; the under-cap total is 24,169.89.
RAYMOND MONTELEONE
Deputy Commissioner/Chief Operating and Education Financial Officer
325 WEST GAINES STREET • SUITE 1214 • TALLAHASSEE, FL 32399-0400 • (850) 245-0456 • www.fldoe.org
CEFO Memo 04-24
Page 2
January 6, 2004
3.
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FEFP Base Funding increased by $30,049,228 from $10,179,247,166 to $10,209,296,394
as a result of the funded weighted FTE increase.
4.
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Declining Enrollment increased $777,794 from $4,327,132 to $5,104,926.
5.
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The Hold Harmless Adjustment, which guarantees a 1.00% increase in funds per
weighted FTE for all districts, remained zero.
6.
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The Discretionary Contribution increased $24,157 from $1,069,260 to $1,093,417.
7.
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The Discretionary Tax Equalization State Supplement remained the same.
8.
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Total Required Local Effort (RLE) increased $5,602,918 from $5,195,358,872 to
$5,200,961,790.
9.
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Total Prior Year Adjustments are $19,636,430.
Individual district amounts may be
significant due to inclusion of the net earned vs. paid as a result of the final 2002-03
calculation.
10.
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Primarily as a result of the increase in Base Funding and the increase in the prior year
adjustments, it was necessary to prorate calculated funds down to the level of the 2003-04
Legislative Appropriation. The impact of this proration was reduced by the $38 million
increase in FEFP funding provided by SB 22-E.
11.
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The amount withheld for scholarship programs is $85,197,749.
Distribution of FEFP and Discretionary Lottery Funds as a result of the revised allocations will
begin with the January 9, 2004, electronic funds transfer.
RM:dgm
Attachment
cc:
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Finance Officers
FTE Administrators
