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
    KATHLEEN SHANAHAN
    LINDA K. TAYLOR
     
    John L. Winn
    Commissioner of Education
      
     
      
     
      
     
     
     
     
     
    CONTACT PERSON:
    NAME:
     
    Keith Neel
    PHONE:
    (850) 245-0405
    SUNCOM:
      
    205-0405
    COEFO: 06-20
      
    M E M O R A N D U M
      
      
      
      
      
     
    DATE:
    April 27, 2006
     
    TO:
      
    District School Superintendents
     
    FROM: Linda
    Champion
     
    SUBJECT:
    2005-06 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 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, October, and February survey data. The 2005
    ad valorem tax roll certified by the Department of Revenue on March 14, 2006, was used in the
    calculation of required and discretionary local effort.
     
    In comparing the fourth calculation with the third calculation of the 2005-06 FEFP, the following
    summary-level changes are noted:
     
    1.
     
    Unweighted FTE decreased by 4,163.17 from 2,643,600.71 to 2,639,437.54.
     
     
    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
    April 27, 2006
    Page 2
     
    2.
     
    Funded weighted FTE decreased by 3,882.46 from 2,895,706.95 to 2,891,824.49. The Group
    2 overcap weighted FTE is 3,089.25; the undercap total is 17,305.99.
     
    3.
     
    FEFP Base Funding decreased by $14,337,021 from $10,834,216,159 to $10,819,879,138 as
    a result of the funded weighted FTE decrease.
     
    4.
     
    Declining Enrollment increased $1,881,742 from $18,543,820 to $20,425,562.
     
    5.
     
    The Lab School Discretionary Contribution increased $60,513 from $1,969,495 to
    $2,030,008.
     
    6.
     
    Total Required Local Effort decreased $2,487,654 from $6,277,380,189 to $6,274,892,535.
     
    7.
     
    Total Prior Year Adjustments are $27,692,772. Individual district amounts may be more
    significant due to inclusion of net earned versus paid adjustments from the final 2004-05
    calculation.
     
    8.
     
    The amount withheld for the Opportunity Scholarship Program is $2,924,538 and for the
    John M. McKay Scholarship Program is $108,292,377.
     
    Distribution of FEFP and Discretionary Lottery Funds reflecting the revised allocations will
    begin with the May 10, 2006, electronic funds transfer.
     
    LC:KN:js
     
    Attachment
     
    cc: Finance Officers
    FTE Administrators
     

    Back to top