1. MEMORANDUM

CONTACT PERSONS
:
NAME: David Montford
Linda
Champion
PHONE: (850) 488-
5142
November 12, 2002
SUNCOM: 278-5142
CFO: 03-29
MEMORANDUM
TO:
District School Superintendents
FROM:
Wayne V. Pierson
SUBJECT:
2001-02 Florida Education Finance Program
Final Calculation
Attached is the final calculation of the 2001-02 Florida Education Finance
Program. This calculation incorporates 2001-02 FTE and supplemental
information prepared from the summation of July, October, February, and
June survey data. The 2001 ad valorem tax roll certified by the
Department of Revenue was used in the calculation of required and
discretionary local effort.
In comparing the final calculation with the fourth 2001-02 calculation, the
following summary-level changes are noted:
1.
 
Unweighted FTE increased by 640.94 from 2,452,908.77 to
2,453,549.71.
2.
 
Funded weighted FTE increased by 1,215.77 from 2,673,922.96 to
2,675,138.73. The Group 2 over-cap weighted FTE is 5,901.10;
the under-cap total is 15,331.01.

CFO 03-29
November 12, 2002
Page 2
3.
 
FEFP Base funding increased by $4,019,298 from $8,826,171,145 to $8,830,190,443. This
increase is a result of the funded weighted FTE increase.
4.
 
Declining Enrollment increased $54,951 from $2,135,893 to $2,190,844.
5.
 
The Lab School Discretionary Contribution increased $133 from $503,482 to $503,615.
6.
 
The Discretionary Tax Equalization State Supplement remained the same.
7.
 
Total Required Local Effort (RLE) decreased $6,399,804 from $4,379,474,264 to
$4,373,074,460.
8.
 
Total Prior Year Adjustments are $1,561,814. Individual district amounts may be significant due
to inclusion of the net earned vs. paid as a result of the final 2000-01 calculation.
9.
 
Primarily as a result of the decrease in required local effort and the decrease in the prior year
adjustments, it was necessary to prorate calculated funds down to the level of the 2001-02
Legislative Appropriation. The overage of $18,076,294 is prorated against the Gross State and
Local FEFP to produce the prorated amount, which is then deducted from the calculated state
entitlement. Please refer to page 3.
10.
 
The amount withheld for scholarship programs is $29,441,763.
The differences between the final and fourth FEFP and Discretionary Lottery Calculations will become
an adjustment to the third 2002-03 FEFP and Discretionary Lottery Calculations. Therefore,
distribution of funds from the attached calculation will take place following completion of the third 2002-
03 calculation.
WVP:dgm
Attachment
cc:
Finance Officers
FTE Administrators

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