FLORIDA DEPARTMENT OF EDUCATION
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    STATE BOARD OF EDUCATION
    John L. Winn
    Commissioner of Education
    F. PHILIP HANDY,
    Chairman
    T. WILLARD FAIR,
    Vice Chairman
    Members
    DONNA G. CALLAWAY
    LINDA J. EADS, ED.D.
    CHARLES PATRICK GARCÍA
    JULIA L. JOHNSON
    LINDA K. TAYLOR
    CONTACT PERSON:
    NAME:
    David Montford
    PHONE:
    (850) 245-0405
    SUNCOM:
    205-0405
    COEFO:
    05-14
    M E M O R A N D U M
    DATE: December 6, 2004
    TO: District School Superintendents
    FROM: Jeanine Blomberg
    SUBJECT: 2003-04 Final Florida Education Finance Program Calculation
    Attached is the final calculation of the 2003-04 Florida Education Finance Program
    (FEFP). This calculation incorporates 2003-04 Full-time Equivalent (FTE) students and
    supplemental information prepared from the summation of July, October, February and
    June survey data. The 2003 ad valorem tax roll certified by the Department of Revenue
    on September 1, 2004, was used in the calculation of required and discretionary local
    effort. The additional $38 million 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 $74.1 million. As a result of the increase in funding, the shortfall is $36.1 million.
    In comparing the final calculation with the fourth calculation of the 2003-04 FEFP, the
    following summary-level changes are noted:
    1.
    Unweighted FTE increased by 1,207.78 from 2,556,230.66 to 2,557,438.44.
    JEANINE BLOMBERG
    Deputy Commissioner, Finance and Operations
    325 W. GAINES STREET • SUITE 1214 • TALLAHASSEE, FL 32399-0400 • (850) 245-0456 • www.fldoe.org
    District Superintendents
    December 6, 2004
    Page 2
    2.
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    Funded weighted FTE increased by 1,268.76 from 2,811,118.32 to 2,812,387.08.
    The Group 2 over-cap weighted FTE is 1,557.46; the under-cap total is 24,709.36.
    3.
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    FEFP Base Funding increased by $4,599,114 from $10,205,523,195 to $10,210,122,309
    as a result of the funded weighted FTE increase.
    4.
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    Declining Enrollment decreased $562,894 from $5,383,942 to $4,821,048.
    5.
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    The Discretionary Contribution decreased $34,986 from $1,067,210 to $1,032,224.
    6.
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    Total Required Local Effort decreased $23,600,356 from $5,198,380,821
    to $5,174,780,465.
    7.
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    Total Prior Year Adjustments are $22,637,079. Individual district amounts may be
    significant due to inclusion of the net earned vs. paid as a result of the final 2002-03
    calculation.
    8.
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    The amount withheld for the Opportunity Scholarship Program is $2,485,258 and for the
    John M. McKay Scholarship Program is $83,764,947.
    The differences between the final and fourth FEFP and Discretionary Lottery Calculations
    will become an adjustment to the third 2004-05 FEFP and Discretionary Lottery
    Calculations. Therefore, distribution of funds from the attached calculation will take place
    following completion of the third 2004-05 calculation.
    JB:DM:at
    Attachment
    cc:
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    Finance Officers
    FTE Administrators

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