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
JULIA L. JOHNSON
ROBERTO MARTÍNEZ
PHOEBE RAULERSON
LINDA K. TAYLOR
CONTACT PERSON:
NAME:
Keith Neel
PHONE:
(850) 245-0405
SUNCOM:
205-0405
COEFO
:
06-01
M E M O R A N D U M
DATE: August 2, 2005
TO: District School Superintendents
FROM: Linda Champion
SUBJECT: 2005-06 Florida Education Finance Program Second Calculation
Attached is the second calculation of the 2005-06 Florida Education Finance Program (FEFP).
This calculation has been prepared following the receipt of the Department of Revenue certified
tax roll on July 13, 2005. Required local effort millage rates were recalculated and certified by
the Commissioner in a memo to all districts dated July 15, 2005. The information attached to the
Commissioner’s memo is derived from this calculation.
The reading allocation component of the 2005-06 FEFP is significantly different from the
summer reading component of the prior year. School districts should note that the reading
allocation is recalculated during the FEFP calculation due to its dependence on district base
funding. This differs from the prior year’s summer reading component, which was fixed by the
first FEFP calculation.
This calculation differs from the Conference Report (first calculation) due to revisions to the tax
roll and levels of assessment.
LINDA CHAMPION
ASSISTANT DEPUTY COMMISSIONER, FINANCE AND OPERATIONS
325 W. GAINES STREET • SUITE 1214 • TALLAHASSEE, FL 32399-0400 • (850) 245-0406 • www.fldoe.org
Suncom 205-0406 • FAX (850) 245-9099
District School Superintendents
August 2, 2005
Page 2
In comparing the second calculation with the first calculation, please note the following:
1.
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The 2005 tax roll increased by $60,675,563,662 from the estimate.
2.
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This increase in the tax roll caused the statewide average millage rate to decrease from
5.472 to 5.239.
3.
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Total required local effort increased by $352,223.
4.
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Potential basic discretionary revenue (potential 0.510 mills) increased by $29,397,305
due to the tax roll increase.
5.
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Potential supplemental discretionary revenue (maximum potential 0.250 mills) increased
by $4,857,041 as a result of tax roll increases in several districts. The supplemental
discretionary millage rates have been recalculated using the certified tax roll.
6.
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The discretionary tax equalization state funds decreased by $4,861,284 as a
corresponding offset to the potential supplemental discretionary revenue increase
indicated in item 5. Please note that in order to be eligible for the discretionary tax
equalization state funds, the 0.510 mills (item 4), as well as the 0.250 mills (item 5), must
be levied.
7.
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The net state FEFP funds decreased by $14,026,108 as a result of an increase in the
required local effort and a decrease in discretionary tax equalization. This was partially
offset by an increase in the discretionary contribution.
Electronic funds transfers from the net state FEFP allocation beg
a
n on July 26, 2005.
LC:KN:js
Attachment
