FLORIDA DEPARTMENT OF EDUCATION
    ?
    STATE BOARD OF EDUCATION
    ?
    John L. Winn
    Commissioner of Education
    F. PHILIP HANDY,
    Chairman
    T. WILLARD FAIR,
    Vice Chairman
    Members
    DONNA G. CALLAWAY
    JULIA L. JOHNSON
    ROBERTO MARTÍNEZ
    PHOEBE RAULERSON
    LINDA K. TAYLOR
    M E M O R A N D U M
    ?
      
      
      
      
      
    CONTACT
      
    PERSONS:
     
      
      
      
      
      
      
      
      
    NAME:
    Keith
      
    Neel
      
    DATE: May 5, 2005
    Kimberly Ferrell
    PHONE: (850) 245-0405
    TO: District School Superintendents
    SUNCOM: 205-0405
    FROM: Jeanine Blomberg
    ?
    COEFO: 05-28
    SUBJECT: 2004-05 Florida Education Finance Program Fourth Calculation
    The mission of the Florida Department of Education is to increase the proficiency of all students
    within one seamless, efficient system and advance their knowledge and skills through learning
    opportunities and research valued by students, parents, and communities. In keeping with this
    mission and with special emphasis on the Department’s goal of quality, efficient services, please
    find attached the fourth calculation of the 2004-05 Florida Education Finance Program (FEFP).
    This calculation incorporates 2004-05 Full-time Equivalent (FTE) students and supplemental
    information prepared from the summation of July, October, and February survey data and the
    estimate for June. The 2004 ad valorem tax roll certified by the Department of Revenue on
    March 17, 2005, was used in the calculation of required and discretionary local effort.
    In comparing the fourth calculation with the third calculation of the 2004-05 FEFP, the following
    summary-level changes are noted:
    1.
    ?
    Unweighted FTE increased by 38.12 from 2,608,755.00 to 2,608,793.12.
    2.
    ?
    Funded weighted FTE increased by 1418.28 from 2,869,950.17 to 2,871,368.45. The Group
    2 over-cap weighted FTE is 825.57; the under-cap total is 25,171.68.
    JEANINE BLOMBERG
    CHIEF OF STAFF
    325 W. GAINES STREET • SUITE 1514 • TALLAHASSEE, FL 32399-0400 • (850) 245-9663 • www.fldoe.org
    COEFO Memo
    May 5, 2005
    Page 2
    3.
    ?
    FEFP Base Funding increased by $4,947,337 from $10,530,407,349 to $10,535,354,686 as a
    result of the funded weighted FTE increase.
    4.
    ?
    Declining Enrollment increased $1,344,122 from $11,137,759 to $12,481,881.
    5.
    ?
    The Minimum Guarantee, which guarantees a 1.00% increase in funds per weighted FTE for
    all districts, is $47,608.
    6.
    ?
    The Discretionary Contribution decreased $50,174 from $1,525,363 to $1,475,189.
    7.
    ?
    The Discretionary Tax Equalization State Supplement remained the same.
    8.
    ?
    Total Required Local Effort (RLE) increased $2,290,896 from $5,614,893,320 to
    $5,617,184,216.
    9.
    ?
    Total Prior Year Adjustments are $3,294,993. Individual district amounts may be significant
    due to inclusion of the net earned vs. paid as a result of the final 2003-04 calculation.
    10. The amount withheld for the Opportunity Scholarship Program is $2,952,412 and the amount
    withheld for the John M. McKay Scholarship Program is $99,000,887.
    Distribution of FEFP Funds as a result of the revised allocations will begin with the
    April 26, 2005, electronic funds transfer.
    JB:kmn
    Attachment

    Back to top