FLORIDA DEPARTMENT OF EDUCATION

 

S

  

TATE BOARD OF EDUCATION

 

F. PHILIP HANDY,

Chairman

T. WILLARD FAIR,

Vice Chairman

 

Members

DONNA G. CALLAWAY

ROBERTO MARTÍNEZ

PHOEBE RAULERSON

LINDA K. TAYLOR

 

John L. Winn

Commissioner of Education

  

 

  

 

  

 

 

 

 

 

CONTACT PERSON:

NAME:

Keith Neel

PHONE:

(850) 245-0405

SUNCOM:

  

205-0405

COEFO: 06-16

  

M E M O R A N D U M

  

  

  

  

  

 

DATE:

January 6, 2006

 

TO:

  

District School Superintendents

 

FROM: Linda

Champion

 

SUBJECT:

2005-06 Florida Education Finance Program Third 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 third calculation of the 2005-06 Florida Education Finance Program (FEFP).

 

This calculation incorporates 2005-06 Full-time Equivalent (FTE) students and supplemental

information prepared from the summation of July and October survey data. The 2005 ad

valorem tax roll certified by the Department of Revenue on November 30, 2005, was used in the

calculation of required and discretionary local effort.

 

In comparing the third calculation with the second calculation of the 2005-06 FEFP, the

following summary-level changes are noted:

 

1.

 

Unweighted FTE decreased by 31,467.38 from 2,675,068.09 to 2,643,600.71.

 

 

LINDA CHAMPION

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 Superintendents

January 6, 2006

Page 2

 

2.

 

Funded weighted FTE decreased by 42,328.25 from 2,938,035.20 to 2,895,706.95.

The Group 2 over-cap weighted FTE is 3,343.68; the under-cap total is 17,744.65.

 

3.

 

FEFP Base Funding decreased by $160,370,490 from $10,994,586,649 to $10,834,216,159

as a result of the funded weighted FTE decrease.

 

4.

 

Declining Enrollment increased $16,866,375 from $1,677,445 to $18,543,820.

 

5.

 

The Lab School Discretionary Contribution increased $15,111 from $1,954,384 to

$1,969,495.

 

6.

 

Total Required Local Effort increased $14,204,046 from $6,263,176,143 to $6,277,380,189.

 

7.

 

Total Prior Year Adjustments are $27,601,384. Individual district amounts may be

significant due to inclusion of net earned vs. paid adjustments as a result of the final 2004-05

calculation.

 

8.

 

The amount withheld for the Opportunity Scholarship Program is $2,937,618 and for the

John M. McKay Scholarship Program is $108,031,281.

 

Distribution of FEFP and Discretionary Lottery Funds as a result of the revised allocations will

begin with the January 10, 2006, electronic funds transfer.

 

LC:KN:at

 

Attachment

 

cc: Finance Officers

FTE Administrators